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Calumet Specialty Products Partners LP (CLMT.OQ)

CLMT.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Calumet Specialty Products Partners Q4 net loss $1.01/unit
Friday, 24 Feb 2017 06:00am EST 

Calumet Specialty Products Partners Lp : Calumet specialty products partners, l.p. Reports fourth quarter and full year 2016 results . Qtrly diluted net loss per unit $1.01 . Qtrly sales $ 946.9 million versus $ 898.0 million . Calumet specialty products partners lp sees fy 2017 total capital spending for fiscal year 2017 is expected to range from $120 million and $140 million . Calumet specialty products partners lp - cost saving efforts will remove an additional $10 million to $20 million in annualized sg&a expenses . Calumet specialty products partners lp - on track to hit original $150 million to $200 million adjusted ebitda target by end of fiscal year 2018 .Calumet specialty products - fuel products segment results for 2016 negatively impacted by 31.4% y-o-y decline in benchmark gulf coast 2/1/1 crack spread.  Full Article

Calumet sells Dakota Prairie Refining joint venture interest
Tuesday, 28 Jun 2016 08:00am EDT 

Calumet Specialty Products Partners Lp : Calumet Specialty Products Partners L.P. sells Dakota Prairie Refining joint venture interest to a subsidiary of MDU Resources Group Inc . Under terms of definitive agreement with WBI, Calumet will receive consideration of $28.5 million . For full-year 2016, anticipate sale of jv interest in DPR will positively impact consolidated adjusted EBITDA .Sale of its 50 pct equity interest in Dakota Prairie Refining, LLC ("DPR") to joint venture partner WBI Energy.  Full Article

Calumet Specialty Products Partners LP announces pricing of $400 million private placement of 11.5% senior secured notes due 2021
Friday, 15 Apr 2016 05:27pm EDT 

Calumet Specialty Products Partners LP:Says pricing of $400 million in aggregate principal amount of 11.5% senior secured notes due 2021.Notes mature on January 15, 2021 and will be issued at 98.273 percent of par.Intends to use net proceeds to repay borrowings outstanding under its revolving credit facility, to terminate or cash collateralize certain of its existing hedging obligations and for general partnership purposes.  Full Article

Calumet Specialty Products Partners LP - Fire put out at the San Antonio refinery- media; reports unit shut - Reuters
Sunday, 6 Dec 2015 11:36pm EST 

Calumet Specialty Products Partners LP:A fire broke out after hot oil was spilled at the Calumet Specialty Products Partners LP CLMT.O refinery in San Antonio, Texas, on Saturday evening, news website http://www.foxsanantonio.com reported on Sunday - RTRS.The 14,500-barrel-per-day San Antonio refinery had reported shutting down Heater F-11 after the hot oil leak in the furnace on Saturday, according to a filing with state pollution regulators - RTRS.The Heater F-11 hot oil tube rupture released hot oil into the combustion, according to the Texas Commission on Environmental Quality - RTRS.The fire was extinguished quickly and no injuries were reported, the website added - RTRS.The refinery produces ultra-low sulfur diesel, jet fuel, specialty solvents, reformates, naphtha, and vacuum gas oil, according to the company's website - RTRS.  Full Article

Calumet Specialty Products Partners, LP declares quarterly cash distribution
Friday, 23 Oct 2015 08:00am EDT 

Calumet Specialty Products Partners, LP:Declares quarterly cash distribution of $0.685 per unit.Payable on Nov. 13 to unitholders of record as of the close of business on Nov. 3.  Full Article

Calumet Specialty Products names Timothy Go as incoming CEO
Monday, 14 Sep 2015 08:30am EDT 

Calumet Specialty Products Partners, LP:Names Timothy Go as incoming chief executive officer.Says go to assume ceo role effective January 1, 2016.Says bill hatch will remain interim ceo of Calumet until December 31, 2015.  Full Article

Calumet Specialty Products Partners LP declares quarterly distribution on Limited Partner units
Tuesday, 21 Jul 2015 04:30pm EDT 

Calumet Specialty Products Partners LP:Declared quarterly cash distribution of $0.685 per unit, or $2.74 per unit on an annualized basis, for quarter ended June 30, 2015, on all of its outstanding limited partner units.Says distribution will be paid on Aug. 14, to unitholders of record as of close of business on Aug. 4.  Full Article

More From Around the Web

Calumet retains bank for potential sale of Wisconsin refinery

NEW YORK, March 16 Calumet Specialty Products Partners has retained advisors for a potential sale of its refinery in Superior, Wisconsin, according to two people familiar with the matter.