Calumet Spec. Prods Part. ADR

INDIANAPOLIS , Nov. 19, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend two investor conferences in December. On December 3 rd and 4th, Calumet will attend the Bank of America Leveraged Finance Conference and will be holding one-on-one investor meetings throughout the day at the conference.» Mehr auf prnewswire.com

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Third quarter 2024 net loss of $100.6 million, or basic loss per common share of $1.18 per share Third quarter 2024 Adjusted EBITDA of $49.8 million Montana Renewables ("MRL") set another new SAF production volume record Specialties business posted highest production levels in over five years Montana Renewables announced conditional commitment of $1.44 billion Department of Energy ("DOE") loan Successfully completed conversion from a Master Limited Partnership ("MLP") to a C-Corp INDIANAPOLIS , Nov. 8, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the third quarter ended September 30, 2024, as follows: Three Months Ended September 30,  Nine Months Ended September 30,  2024 2023 2024 2023 (Dollars in millions, except per share data) Net income (loss) $ (100.6) $ 99.8 $ (181.3) $ 96.1 Basic earnings (loss) per common share $ (1.18) $ 1.24 $ (2.21) $ 1.20 Adjusted EBITDA $ 49.8 $ 75.4 $ 138.2 $ 220.8   Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended September 30,  Three Months Ended September 30,  Three Months Ended September 30,  2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 2.3 $ 158.9 $ 22.7 $ 21.0 $ (20.1) $ 81.6 Adjusted gross profit $ 46.5 $ 56.7 $ 24.3 $ 18.6 $ 20.0 $ 48.2 Adjusted EBITDA $ 42.6 $ 38.6 $ 13.6 $ 13.2 $ 12.7 $ 38.2 Gross profit (loss) per barrel $ 0.39 $ 28.77 $ 145.51 $ 160.31 $ (8.48) $ 41.61 Adjusted gross profit per barrel $ 7.80 $ 10.26 $ 155.77 $ 141.98 $ 8.44 $ 24.58   Specialty Products and Solutions Performance Brands Montana/Renewables Nine Months Ended September 30,  Nine Months Ended September 30,  Nine Months Ended September 30,  2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 126.7 $ 314.1 $ 70.1 $ 66.0 $ (49.6) $ 49.5 Adjusted gross profit $ 163.9 $ 221.4 $ 72.9 $ 62.0 $ 32.8 $ 79.1 Adjusted EBITDA $ 150.2 $ 175.6 $ 41.1 $ 41.8 $ 5.8 $ 56.0 Gross profit (loss) per barrel $ 7.37 $ 19.63 $ 146.65 $ 167.09 $ (7.48) $ 9.25 Adjusted gross profit per barrel $ 9.53 $ 13.84 $ 152.51 $ 156.96 $ 4.95 $ 14.78   "Calumet continues to execute on our strategic catalysts as planned," said Todd Borgmann, CEO. "We started the quarter with the conversion of Calumet's structure from a MLP to a C-Corp, and in October we announced the conditional commitment of a $1.44 billion DOE loan guarantee.» Mehr auf prnewswire.com