secwatch.observer — SEC 8-K summary
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Issuer:     Calumet Specialty Products Partners, L.P. (—)
CIK:        0001340122
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001340122-24-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1340122/000134012224000035/0001340122-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1340122/000134012224000035/clmt-20240510x8k.htm
  HTML page:      https://secwatch.observer/filing/0001340122-24-000035

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