Calumet Specialty Products Q1 net loss $41.6M; Adjusted EBITDA falls to $21.6M from $77.3M

Calumet Specialty Products Partners, L.P.

Net loss of $41.6M ($0.51 basic net loss per unit) vs net income of $18.6M ($0.23 per unit) in Q1 2023.
Adjusted EBITDA $21.6M, down 72% from $77.3M in prior-year quarter.
Issued $200M 9.25% Senior Secured First Lien Notes due 2029; proceeds used to redeem existing notes.
C-Corp conversion plan on track; Montana Renewables posted positive EBITDA in March and operated at planned levels in April.
Specialty Products & Solutions segment Adjusted EBITDA $41.8M (down from $76.0M); Montana/Renewables segment $(14.5)M (down from $4.8M).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Calumet Specialty Products Partners, L.P. reported first quarter ended March 31, 2024 results: net income $(41.6) million, EPS $(0.51) basic net loss per unit.

Period: first quarter ended March 31, 2024
Net income: $(41.6) million
EPS: $(0.51) basic net loss per unit
Result: reported results

Exact text from the filing

On May 10, 2024, Calumet Specialty Products Partners, L.P. reported results of operations for the quarter ended March 31, 2024, pursuant to a press release.

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Source: SEC EDGAR

accession 0001340122-24-000035

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