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Calumet Specialty Products Partners L.P. - CLMT STOCK NEWS

Welcome to our dedicated news page for Calumet Specialty Products Partners L.P. (Ticker: CLMT), a resource for investors and traders seeking the latest updates and insights on Calumet Specialty Products Partners L.P..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Calumet Specialty Products Partners L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Calumet Specialty Products Partners L.P.'s position in the market.

Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) to report Q4 and full-year 2023 results on February 23, 2024. Conference call scheduled for 9:00 AM ET. Webcast and dial-in options available for interested parties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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earnings
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. announced the conversion to a new Delaware corporation, Calumet Inc., from an MLP to a C-Corp. The Conversion Agreement was unanimously approved, with an expected completion target of mid-year 2024. The Conversion is subject to customary conditions and is intended to be tax-free for unitholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.1%
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none
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. announced two financing transaction updates, replacing previous Supply and Offtake Agreements for their Shreveport and Montana Refining facilities. The new SOA with J. Aron and the increased size of their Asset Backed Loan facility aim to provide a simpler and more cost-effective solution for managing inventory and working capital needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
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none
Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) plans to attend the Goldman Sachs Energy, Cleantech & Utilities Conference in Miami, FL on January 5, 2024, holding investor meetings throughout the day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
conferences
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News
Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) to Attend Wells Fargo Midstream and Utilities Symposium
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
conferences
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced that Montana Renewables, LLC has resumed normal operations at its renewable diesel facility, processing over 12,000 barrels per day of renewable feedstock. The CEO, Bruce Fleming, expressed satisfaction with the completion of repair work and turnaround activities, looking forward to a promising 2024 with no planned turnarounds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
none
Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (CLMT) to attend Bank of America Leveraged Finance Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.67%
Tags
conferences
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) reported net income of $103.0 million for Q3 2023, driven by strong commercial execution and supportive market. However, transient operational issues in Shreveport and Montana affected the Adjusted EBITDA. The company also provided updates on MRL hydrogen steam drum replacement and turnaround progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.62%
Tags
earnings
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Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced a corporate transition to a new Delaware corporation, New Calumet. Each common unit will be converted into one share of New Calumet's Common Stock. Incentive distribution rights and General Partner interest will be converted into 5.5 million shares of Common Stock and 2.0 million warrants. New Calumet will be governed by a board of nine directors, with The Heritage Group having the right to nominate three directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.62%
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none
Rhea-AI Summary
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) will report its 2023 third quarter results on November 9, 2023. A conference call to discuss the financial and operational results is scheduled for the same day at 9:00 AM ET. Investors can join a webcast of the call or dial in using the provided participant dial-in numbers. A replay of the conference call will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.54%
Tags
earnings
Calumet Specialty Products Partners L.P.

Nasdaq:CLMT

CLMT Rankings

CLMT Stock Data

1.37B
60.80M
20.63%
30.75%
1%
Petroleum Refineries
Manufacturing
Link
US
Indianapolis

About CLMT

calumet is a company based out of 2780 waterfront parkway east dr, indianapolis, in, united states.