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 (NASDAQ: CLMT) announced that its unitholders have voted to approve the conversion from a Master Partnership (MLP) to a C- This conversion received overwhelming support with 99.6% of votes cast in favor. Upon closing, unitholders will become shareholders of Calumet Inc. The conversion is expected to complete on July 10, 2024, and the new entity's stock will begin trading on Nasdaq under the ticker symbol 'CLMT' on July 11, 2024.
All other proposals at the special meeting held on July 9, 2024, were also approved. The results will be filed with the SEC on Form 8-K. CEO Todd Borgmann expressed gratitude to the leadership and unitholders for their support and emphasized the company's focus on driving shareholder value in the future.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) has scheduled a special meeting on July 9, 2024, for unitholders to vote on converting the company from a master partnership to a Delaware The board unanimously recommends voting in favor of the conversion. Only unitholders of record as of May 24, 2024, can vote. The meeting will be held at the Courtyard by Marriott Indianapolis West-Speedway. If approved, the conversion will finalize shortly after, contingent on meeting all conditions.
Calumet Specialty Products Partners (NASDAQ: CLMT) has announced its participation in TD Cowen's 2nd Annual Sustainability Week, scheduled for May 22, 2024. The company will engage in a fireside chat and hold one-on-one investor meetings throughout the day at this virtual conference.
Calumet Specialty Products Partners, L.P. reported a net loss of $41.6 million in the first quarter of 2024 with Adjusted EBITDA of $21.6 million. The conversion to a C-Corp is on track, Montana Renewables showed improvement, and Shreveport turnaround was successful. The company issued $200 million in Senior Secured First Lien Notes due 2029, used to redeem existing notes. Segments like Specialty Products and Solutions, Performance Brands, and Montana/Renewables had varying financial performance compared to the previous year. The company is preparing for a strategic spring and summer with a focus on renewable fuels and DOE loan progress.
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