Calumet Specialty Products Partners, L.P. Reports Fourth Quarter and Year End 2019 Results
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Calumet Specialty Products Partners (CLMT) Tops Q4 EPS by 12c, Revenues Beat
March 5, 2020 7:02 AM ESTCalumet Specialty Products Partners (NASDAQ: CLMT) reported Q4 EPS of ($0.23), $0.12 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $774.8 million versus the consensus estimate of $689.68 million.
"During the fourth quarter, Calumet delivered on key strategic priorities, including the refinancing of our 2021 notes and the divestment of our San Antonio fuels refinery" said Tim Go, Chief Executive Officer of Calumet. "Our leverage ratio improved to 4.0x net debt to trailing twelve month Adjusted EBITDA (or 4.6x excluding LCM/LIFO), down from 5.6x net debt to trailing twelve month... More
