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. reports developments across its specialty products, branded performance products and renewable fuels operations. The company manufactures, formulates and markets specialty branded products and renewable fuels for consumer-facing and industrial markets, with recurring updates tied to Specialty Products & Solutions, Montana Renewables and Performance Brands.
Company news commonly covers quarterly results, Adjusted EBITDA commentary, RINs and other environmental attributes, facility operations at Shreveport, Montana Renewables projects including MaxSAF®, and product activity such as TruFuel®. Other recurring items include senior-note and credit-facility actions, shareholder voting matters, board composition and investor-event participation.
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Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced significant advancements in its Montana Renewables subsidiary (MRL) as they achieved full operational status for their Sustainable Aviation Fuel (SAF) and Pretreatment units. A ribbon-cutting ceremony is scheduled for May 10, 2023. CEO Bruce Fleming affirmed their EBITDA guidance of $1.25 to $1.45 per gallon, supported by local untreated feedstock sourcing. Additionally, MRL secured a $75 million bridge loan from I Squared Capital with favorable repayment terms. Calumet's CEO Todd Borgmann emphasized the importance of this milestone in maximizing unitholder value and establishing MRL as a leader in North America's SAF market. The company aims to expand its renewable offerings, poised for future growth in the energy transition.
Calumet Specialty Products Partners (NASDAQ: CLMT) plans to announce its first quarter 2023 earnings on May 5, 2023. A conference call to discuss the results will also take place on the same date at 9:30 AM ET. Investors and analysts are encouraged to join the live webcast, which will include presentation slides, available on their investor relations website.
Calumet, headquartered in Indianapolis, Indiana, operates twelve facilities across North America and specializes in manufacturing and marketing a broad range of specialty branded products for both consumer and industrial sectors.