Calumet Specialty Products Partners, L.P. Reports Third Quarter 2019 Results

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Go back to Calumet Specialty Products Partners, L.P. Reports Third Quarter 2019 Results

Calumet Specialty Products Partners (CLMT) Tops Q2 EPS by 13c, Revenues Beat

November 12, 2019 8:18 AM EST

Calumet Specialty Products Partners (NASDAQ: CLMT) reported Q2 EPS of $0.09, $0.13 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $929.6 million versus the consensus estimate of $713.22 million.

Management Commentary

"Calumet delivered a strong quarter of both financial and operational performance, generating $64 million of cash flow from operations," said Tim Go, Chief Executive Officer of Calumet. "Our quarterly Adjusted EBITDA results of $76 million (excluding LCM/LIFO)... More