Calumet Specialty Products Partners, L.P. (CLMT)

NASDAQ: CLMT · IEX Real-Time Price · USD
17.15
+0.26 (1.54%)
At close: Feb 20, 2024, 4:00 PM
17.20
+0.05 (0.29%)
After-hours: Feb 20, 2024, 4:13 PM EST
1.54%
Market Cap 1.37B
Revenue (ttm) 4.20B
Net Income (ttm) 42.20M
Shares Out 79.97M
EPS (ttm) 0.52
PE Ratio 32.98
Forward PE 40.59
Dividend n/a
Ex-Dividend Date n/a
Volume 97,002
Open 16.81
Previous Close 16.89
Day's Range 16.72 - 17.53
52-Week Range 11.91 - 20.25
Beta 1.79
Analysts Strong Buy
Price Target 22.70 (+32.36%)
Earnings Date Feb 23, 2024

About CLMT

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstocks into renewable diesel, sustainable aviation fuel, renewable hydrogen, renewable natural gas, rene... [Read more]

Industry Oil & Gas E&P
Sector Energy
IPO Date Jan 26, 2006
Employees 1,530
Stock Exchange NASDAQ
Ticker Symbol CLMT
Full Company Profile

Financial Performance

In 2022, CLMT's revenue was $4.69 billion, an increase of 48.88% compared to the previous year's $3.15 billion. Losses were -$161.80 million, -36.52% less than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for CLMT stock is "Strong Buy." The 12-month stock price forecast is $22.7, which is an increase of 32.36% from the latest price.

Price Target
$22.7
(32.36% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Calumet to Release Fourth Quarter and Full Year 2023 Earnings on February 23, 2024

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 t...

8 days ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Announces Execution of Conversion Agreement

INDIANAPOLIS , Feb. 12, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet," "the Partnership," "we," or "us"), announced today that we have entered into an agreem...

8 days ago - PRNewsWire

Calumet Enters into Supply Offtake Agreement with J. Aron at Shreveport, Upsizes ABL to Replace Montana Supply Offtake Agreement

INDIANAPOLIS , Jan. 23, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "Company," "we," "our" or "us"), announced two financing transactio...

4 weeks ago - PRNewsWire

Calumet to Attend Goldman Sachs Energy, Cleantech & Utilities Conference

INDIANAPOLIS , Jan. 3, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "our"), announced today our plans to attend the Goldman Sachs Energy, Cleantech & Utili...

6 weeks ago - PRNewsWire

Calumet to Attend Wells Fargo Conference

INDIANAPOLIS , Dec. 5, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "our", "we"), announced today plans to attend the Wells Fargo Midstream and Utilities S...

2 months ago - PRNewsWire

Operational Update: Calumet Announces Montana Renewables Returns to Full Operations

INDIANAPOLIS , Dec. 1, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us"), announced today that Montana Renewables, LLC ("MRL") renewable di...

2 months ago - PRNewsWire

Calumet to Attend Bank of America Leveraged Finance Conference

INDIANAPOLIS, Nov. 27, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "our", "we"), announced today our plans to attend the Bank of America Leveraged Finance...

3 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Reports Third Quarter 2023 Results

Net income attributable to partners of $103.0 million, or Limited partners' interest of $1.26 basic net income per unit, for the third quarter of 2023 Third quarter Adjusted EBITDA of $75.5 million dr...

3 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Announces Corporate Transition

INDIANAPOLIS , Nov. 9, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today announced the execution of an agreement ...

3 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. to Release Third Quarter 2023 Results on November 9, 2023

INDIANAPOLIS , Oct. 30, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today that it plans to report resul...

4 months ago - PRNewsWire

Calumet Provides Operational Update

INDIANAPOLIS , Oct. 20, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "Company," "we," "our" or "us"), provided an operational update for...

4 months ago - PRNewsWire

Calumet Announces New Inventory Financing Agreement for Montana Renewables

INDIANAPOLIS , Oct. 10, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "Company," "we," "our" or "us"), today announced that Montana Renew...

4 months ago - PRNewsWire

Montana Renewables Receives First Camelina Oil

First commercial demonstration of low carbon intensity, non-food seed oil to open new markets for Montana INDIANAPOLIS , Sept. 18, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P.

5 months ago - PRNewsWire

Calumet CFO Vince Donargo to retire in April 2024, David Lunin joins as CFO Designate

INDIANAPOLIS , Sept. 12, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P.

5 months ago - PRNewsWire

Calumet Provides Operational Update for Montana Renewables LLC

July profitability verifies top tier financial position in renewable fuels. Steam system maintenance currently limits MRL processing rate until late September.

6 months ago - PRNewsWire

Calumet to Attend Barclays CEO Energy - Power Conference

INDIANAPOLIS , Aug. 30, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "our", "we"), announced today our plans to attend the Barclays CEO Energy – Power Conf...

6 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Reports Second Quarter 2023 Results

Net loss attributable to partners of $18.5 million, or Limited partners' interest of $0.23 basic net loss per unit, for the second quarter of 2023 Second quarter Adjusted EBITDA of $67.7 driven by sup...

7 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. to Release Second Quarter 2023 Results on August 4, 2023

INDIANAPOLIS , July 24, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today that it plans to report resul...

7 months ago - PRNewsWire

Calumet Provides Second Quarter Operational Update

During the second quarter, Montana Renewables became the largest sustainable aviation fuel producer in North America in addition to establishing itself as a top tier renewable diesel business. The Nor...

8 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Announces Early Results of Cash Tender Offers for Any and All of its 9.25% Senior Secured First Lien Notes due 2024 and up to $100 Million of its 11.00% Senior Notes due 2025

INDIANAPOLIS , June 27, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us"), today announced the early results of its previously announced ca...

8 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Announces Pricing of $325 Million Private Placement of 9.75% Senior Notes due 2028

INDIANAPOLIS , June 12, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet") and its wholly-owned subsidiary Calumet Finance Corp. announced t...

9 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Announces Cash Tender Offers for Any and All of its 9.25% Senior Secured First Lien Notes due 2024 and up to $100 Million of its 11.00% Senior Notes due 2025

INDIANAPOLIS , June 12, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us"), today announced that it has commenced cash tender offers to purc...

9 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Announces $325 Million Private Placement of Senior Notes due 2028

INDIANAPOLIS , June 12, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet") and its wholly-owned subsidiary Calumet Finance Corp. announced t...

9 months ago - PRNewsWire

Calumet To Participate in the Bank of America Energy Credit Conference

INDIANAPOLIS , June 8, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "The Partnership") will attend the Bank of America Energy Credit Conference in New York...

9 months ago - PRNewsWire

CSX, Calumet, and 3 Other Investments Pros Say Will Benefit From Underappreciated Trends

Five pros share investment picks based on themes ranging from nearshoring to clean energy.

Other symbols: CSXJLLKOMPPAGS
9 months ago - Barrons