Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, today announced that it plans to report results for the fiscal fourth quarter and full year 2019 on March 5th, 2020. A conference call to discuss the financial and operational results is scheduled for March 5, 2020 at 8:30 AM ET.
Insider Monkey has recently published a copy of Rhizome Partners Q1 2020 investor letter. A copy of the letter can be downloaded here. Bill Chen is Rhizome Partners founder and managing partner. The fund was founded in 2013. In Q1 2020, Class B investors of Rhizome Partners witnessed a 14.0% net loss compared to a […]
Q4 2019 Calumet Specialty Products Partners LP Earnings Call
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Company," the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuel products, today announced that Tim Go notified the Board of Directors of Calumet that he plans to resign as Chief Executive Officer (CEO) effective June 1, 2020 to pursue other interests closer to his family in Texas. Steve Mawer, a current board member, has been appointed to take over as CEO upon successful completion of an orderly transition process.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today released details on its 2020 expectation for Phase II of its Self-Help program. This three-year program was launched in early 2019 following the successful completion of the Partnership's prior Phase I program that delivered $182 million of incremental Adjusted EBITDA from 2016 through 2018. Phase II of the program remains on track to deliver an expected $100 million of incremental Adjusted EBITDA from 2019 through 2021.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Company," the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuel products, today announced that it has accelerated its Chief Executive Officer ("CEO") transition and that Steve Mawer, current board member, will assume the role of CEO immediately. Tim Go, the Partnership's former CEO, will continue providing services to the Partnership and will assist with the successful transition of the new CEO.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today announced the Partnership completed the acquisition of Paralogics, LLC, a producer of candle and industrial wax blends. Paralogics expands Calumets presence in the specialty wax blending and packaging market, and upon integrating the new capabilities into Calumet's existing wax business value chain, will add 20 million pounds of annual blending and formulating capabilities.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," the "Company," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, today reported results for the first quarter ended March 31, 2020, as follows:
U.S. refiners are expected to report poor first-quarter results starting this week, but investors are more concerned about the outlook for coming months as various states ease movement restrictions designed to curb coronavirus infections. Fuel demand has dropped by roughly 25% in the United States and about 30% worldwide as the coronavirus pandemic has kept billions of people from traveling. U.S. refineries have throttled back production, operating at roughly two-thirds of capacity.
Investors need to pay close attention to Calumet Specialty Products (CLMT) stock based on the movements in the options market lately.
Lack of storage combined with production - that is still above world oil requirement - led to a collapse in oil price as demand dropped 30% in just a couple of months.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, today announced that it plans to report results for the fiscal first quarter 2020 on May 7, 2020. A conference call to discuss the financial and operational results is scheduled for May 7, 2020 at 10:00 AM ET.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT), a leading independent producer of specialty hydrocarbon and fuels products, today announced that senior management will participate in the Cowen & Company 9th Annual 2019 Energy Conference on Tuesday, December 10th, and the Wells Fargo 18th Annual Midstream and Utility Symposium on Wednesday, December 11th. Both conferences are taking place in New York, NY.
Q1 2020 Calumet Specialty Products Partners LP Earnings Call
Shares of Calumet Specialty (NASDAQ:CLMT) rose 8% after the company reported Q1 results.Quarterly Results Earnings per share rose 2900.00% year over year to $0.28, which may not compare to the estimate of ($0.18).Revenue of $692,600,000 lower by 18.64% year over year, which beat the estimate of $659,440,000.Outlook Earnings guidance hasn't been issued by the company for now.Calumet Specialty hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 07, 2020View more earnings on CLMTWebcast URL: https://edge.media-server.com/mmc/p/7kk25w3xTechnicals Company's 52-week high was at $5.00Company's 52-week low was at $0.82Price action over last quarter: down 36.62%Company Profile Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments that is Specialty products which process crude oil and other feedstocks into a variety of customized lubricating oils, white mineral oils, solvents, petrolatum's and waxes; the Fuel products segments which processes crude oil into a variety of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils.See more from Benzinga * BG Staffing: Q1 Earnings Insights * Recap: Athenex Q1 Earnings * ChannelAdvisor: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
With us on today's call are Steve Mawer, CEO; Keith Jennings, CFO; Bruce Fleming, EVP of strategy and growth; and Scott Obermeiers, EVP of commercial. Before we proceed, allow me to remind everyone that during the course of this call, we may provide various forward-looking statements within the meaning of Section 21E of the securities Exchange Act of 1934. Although our management believes that the expectations reflected in such forward-looking statements are reasonable, neither the partnership, its general partner, nor management can provide any assurances that the expectations will prove to be correct.
Calumet Specialty Products has moved higher as of late, but there could definitely be trouble on the horizon for this company.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today released information regarding the Partnership's operations, in addition to updates to the Partnership's balance sheet strength and liquidity position. Additionally, the Partnership provided updated guidance on 2020 capital budget expectations.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of petroleum-based specialty products, today reported results for the fourth quarter and year ended December 31, 2019, as follows: