Calumet Specialty Products Partners, L.P. Reports First Quarter 2020 Results

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Go back to Calumet Specialty Products Partners, L.P. Reports First Quarter 2020 Results

Calumet Specialty Products Partners (CLMT) Tops Q1 EPS by 46c, Revenues Beat

May 7, 2020 9:16 AM EDT

Calumet Specialty Products Partners (NASDAQ: CLMT) reported Q1 EPS of $0.28, $0.46 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $692.6 million versus the consensus estimate of $659.44 million.

Management Commentary

"Despite the slowing demand towards the end of the quarter, Calumet delivered another solid quarter and start to the year, as focused execution against our specialty-focused strategy and improved operations in our fuel products segment combined to deliver the strongest first quarter of Adjusted EBITDA since 2015, including net loss of $14.4 million and Adjusted EBITDA of $83.7 million," said Chief Executive Officer... More