---
schema_version: "secwatch.filing_event.v1"
accession: "0001340122-24-000035"
form_type: "8-K"
ticker: null
cik: "0001340122"
company_name: "Calumet Specialty Products Partners, L.P."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:27:01.857122+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001340122-24-000035
- form_type: 8-K
- cik: 0001340122
- company_name: Calumet Specialty Products Partners, L.P.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1340122/000134012224000035/0001340122-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1340122/000134012224000035/clmt-20240510x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001340122-24-000035
- JSON: https://secwatch.observer/filing/0001340122-24-000035.json
- Plain text: https://secwatch.observer/filing/0001340122-24-000035.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1340122/000134012224000035/0001340122-24-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.