Welcome to our dedicated page for Calumet news (Ticker: CLMT), a resource for investors and traders seeking the latest updates and insights on Calumet stock.
Calumet, Inc. (NASDAQ: CLMT) is a leading producer of specialty hydrocarbon products and renewable fuels, serving industrial and consumer markets through its three core segments. This news hub provides investors and industry professionals with essential updates on the company’s operational developments, financial performance, and sustainability initiatives.
Access timely press releases and analysis covering CLMT’s specialty chemicals innovations, Montana Renewables’ sustainable aviation fuel production, and strategic business decisions. The curated collection includes earnings announcements, partnership updates, and progress reports on major projects like the DOE-supported renewable fuels expansion.
Key focus areas include advancements in low-carbon fuel technologies, market expansions for Performance Brands like Royal Purple®, and financial restructuring efforts. Regular updates ensure stakeholders stay informed about CLMT’s role in the energy transition and specialty manufacturing sectors.
Bookmark this page for direct access to verified Calumet news sources, featuring official communications and third-party analysis. Check back frequently for comprehensive coverage of developments impacting CLMT’s position in renewable energy and industrial markets.
Calumet Specialty Products Partners, L.P. (CLMT) reported its Q3 2021 results, achieving a net income of $51.5 million, a significant turnaround from a loss of $56.1 million in Q3 2020. The adjusted EBITDA reached $58.8 million, up from $34.7 million a year ago. Specialty Products and Solutions saw robust performance with adjusted EBITDA of $46.3 million, driven by record margins. However, supply chain issues affected the Performance Brands segment, limiting lubricant production capacity due to an additive shortage.
Univar Solutions B.V. announced an expanded distribution relationship with Calumet to distribute petrolatums and white oils across Europe, including the UK, France, Italy, and Spain. This partnership aims to enhance Univar's specialty oils portfolio, benefiting various sectors such as beauty, personal care, food processing, and pharmaceuticals. The collaboration is expected to improve product availability and customer solutions through a robust technical and sales support network. Both companies emphasize sustainability and continuous improvement in their operations to meet market demands.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) will report its fiscal third quarter results on November 5, 2021. Investors can listen to the conference call at 10:00 AM ET, which will include a discussion on financial and operational results. A webcast with presentation slides will be available on the company’s website. Participants can also join by calling (866) 584-9671 and entering conference ID 8791503. A replay will be accessible shortly after the call.
On October 4, 2021, Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced its participation in Deutsche Bank's 29th Annual Leveraged Finance Conference on October 5 and 6. Senior management will deliver a webcast presentation on October 6 at 11:00 AM ET, providing an overview of the company's business. Interested listeners can register via the conference website. Presentation slides will be available on the investor relations page of the company's website.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) will participate in the H.C. Wainwright 23rd Annual Global Investment Virtual Conference from September 13-15, 2021. Management will deliver a virtual presentation and engage in investor meetings during the event. Interested parties can access the presentation starting September 13 at 7 AM ET through www.hcwevents.com/annualconference. The presentation will also be available for 90 days post-event. Calumet is a leading manufacturer of specialty branded products with operations in North America.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) hosted a ribbon-cutting ceremony on August 19, 2021, in Great Falls, Montana, to celebrate the first delivery of seed oil feedstock for renewable diesel production. The event emphasizes the ongoing energy transition project at the facility, which aims to convert part of the plant to produce renewable fuels. This initiative is significant for the local community and is expected to support the integration of farm and ranch operations in Montana. The project is slated for completion, with operations beginning in Q2 2022.
Calumet Specialty Products Partners (NASDAQ: CLMT) reported a net loss of $78.4 million for Q2 2021, compared to a net income of $3.6 million in Q2 2020. Adjusted EBITDA fell to $32.3 million from $57.0 million year-over-year. The Performance Brands segment faced production challenges, leading to a significant backlog due to supply chain disruptions. While demand remained strong, gross profits decreased across segments. The company continues to progress on its Renewable Diesel project, with expectations of production starting after a turnaround next April, supported by favorable regional market dynamics.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) will release its fiscal second quarter 2021 results on August 6, 2021. A conference call to discuss these results is also scheduled for the same day at 9:00 AM ET. Interested parties can access the live presentation via webcast or by dialing in. Calumet operates twelve facilities across North America and specializes in manufacturing and marketing specialty branded products for consumer and industrial markets.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced participation in the Bank of America Merrill Lynch 2021 Energy Credit Conference on June 9, 2021. Senior management will address attendees in a fireside chat format and provide an overview of the Partnership’s business through a live webcast. Additionally, one-on-one and group meetings will be held with registered investors. Interested parties can access the webcast and investor presentation slides via the Partnership's investor relations page at www.calumetspecialty.com.
Calumet Specialty Products Partners (NASDAQ: CLMT) reported a significant net loss of $146.1 million for Q1 2021, compared to a loss of $14.4 million in Q1 2020. The loss per unit was $1.82, while Adjusted EBITDA plummeted to $(5.4) million from $91.8 million year-over-year. Contributing factors included severe winter storms and scheduled maintenance, resulting in a 47% production reduction in the Specialty Products segment. Performance Brands saw growth with Adjusted EBITDA of $16 million compared to $10.6 million last year. The Montana/Renewables segment reported a $2 million loss in Adjusted EBITDA.
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