Calumet Specialty Products Partners, L.P. Reports Second Quarter 2016 Results

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Go back to Calumet Specialty Products Partners, L.P. Reports Second Quarter 2016 Results

Calumet Specialty Products Partners (CLMT) Posts Q2 Loss of $1.89/Share

August 4, 2016 8:38 AM EDT

Calumet Specialty Products Partners (NASDAQ: CLMT) reported Q2 EPS of ($1.89), which may not compare with the analyst estimate of ($0.34).

"We remain focused on strengthening balance sheet liquidity, reducing operating costs and pursuing self-help margin capture throughout our portfolio of assets," stated Tim Go, CEO of Calumet. "We made meaningful progress in each of these areas during the second quarter, despite a material year-over-year decline in benchmark refined product margins, elevated RFS compliance costs and continued commodity price volatility."

"During the second quarter, we divested our 50% joint venture interest in DPR, resulting in a $32... More