CLMT Stock Recent News

99.6% of the Votes Cast Supported the Conversion INDIANAPOLIS , July 9, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today that its unitholders voted to approve the previously announced conversion (the "Conversion") of its structure from a master limited partnership ("MLP") to a C-Corporation, pursuant to which the unitholders of the Partnership will become shareholders of Calumet, Inc. ("New Calumet") upon closing of the Conversion.

INDIANAPOLIS , June 10, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet," the "Partnership," "we" or "us") announced today that a special meeting (the "Special Meeting") of unitholders to approve the previously announced conversion (the "Conversion") of Calumet from a master limited partnership to a Delaware corporation, among other things, has been scheduled to take place on July 9, 2024.

Calumet Specialty Products reported results negatively impacted by rapidly changing markets in its 1st Quarter. Much of the negative impacts are likely recovered in the natural cycling of the energy markets on a full-year basis. MRL, the low-cost renewable producer, now generates positive cash flows, which are likely to significantly increase over the next two to three quarters.

INDIANAPOLIS , May 13, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "our", "we"), announced today plans to participate in TD Cowen's 2nd Annual Sustainability Week.

INDIANAPOLIS , April 26, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the first quarter 2024 on May 10, 2024.

Calumet Specialty Products Partners, L.P. (CLMT) Q4 2023 Earnings Call Transcript

INDIANAPOLIS , Feb. 12, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today plans to report results for the fourth quarter and full year 2023 on February 23, 2024.

Calumet Specialty Products is experiencing a falling knife pattern in the market. The company is comprised of three businesses, all of which are now performing well generating significant levels of excess cash. Calumet has several strategies in place to manage its debt, including a possible DOE loan and a partial equity sale of one of its businesses.

Calumet Specialty Products announced significant changes and operating results for September, falling short of potential due to operating issues. Montana Renewables demonstrated positive financial results in July but faced challenges with a crack in a steam drum in August. Calumet is on track to complete a turnaround and expects to add new regionally available supply in the New Year.

Calumet Specialty Products investors face a quandary on which way the price will head, but I believe it will go higher. The chart shows a bullish pattern, with a breakout potentially putting the price at $24-$25. Strong crack spread support and positive financial results support the belief that the price will increase.