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Profile: Calumet Specialty Products Partners LP (CLMT.O)

CLMT.O on Nasdaq

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26 Jun 2019
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Calumet Specialty Products Partners, L.P., incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes. Its specialty products are sold to domestic and international customers using its products as raw material components for basic industrial, consumer and automotive goods. It also blends and market specialty products through its Royal Purple, Bel-Ray, TruFuel and Quantum brands. In its fuel products segment, the Company processes crude oil into a range of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, and resells purchased crude oil to third-party customers. Its oilfield services segment manufactures and markets products and provides oilfield services, including drilling fluids, completion fluids and solids control services to the oil and gas exploration industry throughout the United States.

The Company owns specialty and fuel products facilities located in northwest Louisiana, northern Montana, western Pennsylvania, Texas, New Jersey, eastern Missouri and North Dakota. It owns and leases oilfield services locations in Texas, Oklahoma, Louisiana, Arkansas, Colorado, Utah, Wyoming, Montana, New Mexico, New York, North Dakota, Pennsylvania and Ohio. It owns and leases additional facilities related to production and distribution of specialty, fuel and oilfield services products, throughout the United States.

As of December 31, 2016, the Company owned and operated product terminals in Burnham, Illinois (Burnham), Rhinelander, Crookston, Minnesota (Crookston), and Proctor, Minnesota (Duluth), with aggregate storage capacities of approximately 150,000, 166,000, 156,000 and 200,000 barrels, respectively. These terminals, as well as additional owned and leased facilities throughout the United States, facilitate the distribution of products in the Upper Midwest, East Coast, West Coast and Mid-Continent regions of the United States and Canada. As of December 31, 2016, the Company also used approximately 2,900 leased railcars to receive crude oil or distribute its products throughout the United States and Canada. As of December 31, 2016, the Company had approximately 12.9 million barrels of aggregate storage capacity at its facilities and leased storage locations. Its primary operating assets consist of Shreveport refinery, Great Falls, San Antonio refinery, Cotton Valley refinery, Princeton refinery, Royal Purple facility, Bel-Ray facility, Karns City facility and Dickinson facilities, Anchor Drilling Fluids and Terminals.

Shreveport Refinery

As of December 31, 2016, the Company's Shreveport refinery, located on 240 acre site in Shreveport, Louisiana (Shreveport), had aggregate crude oil throughput capacity of 60,000 barrels per day (bpd) and processes paraffinic crude oil and associated feedstocks into fuel products, paraffinic lubricating oils, waxes, asphalt and by-products. As of December 31, 2016, the Shreveport refinery consisted of 17 processing units, including hydrotreating, catalytic reforming and dewaxing units, and approximately 3.3 million barrels of storage capacity in over 130 storage tanks, and related loading and unloading facilities and utilities. The Shreveport refinery receives crude oil through tank truck, railcar and a common carrier pipeline system that is operated by a subsidiary of Plains All American Pipeline, L.P. (Plains), and is connected to the Shreveport refinery's facilities. The Plains pipeline system delivers local supplies of crude oil and condensates from north Louisiana and east Texas. Crude oil is also purchased from various suppliers, including local producers delivering crude oil to the Shreveport refinery through tank truck.

Great Falls Refinery

As of December 31, 2016, the Company's Great Falls refinery, located on 86 acre site in Great Falls, Montana, had aggregate crude oil throughput capacity of 25,000 bpd and processes light and heavy crude oil from Canada into fuel and asphalt products. As of December 31, 2016, the Montana refinery consisted of 15 processing units, including hydrotreating, catalytic reforming, fluid catalytic cracking and alkylation units, approximately 1.1 million barrels of storage capacity in 75 tanks, and related loading and unloading facilities and utilities. The Montana refinery produces gasoline, diesel, jet fuel and asphalt products. The Montana refinery ships finished fuel and asphalt products by railcar and truck service. The Montana refinery purchases crude oil from various suppliers and receives crude oil by pipeline through the Front Range Pipeline through the Bow River Pipeline in Canada.

San Antonio Refinery

As of December 31, 2016, the Company's San Antonio refinery, located on a 32 acre site in San Antonio, Texas, had aggregate crude oil throughput capacity of 21,000 bpd and processes light crude oil from south Texas, including the Eagle Ford shale formation, into a range of transportation fuels, petrochemical and refinery feedstocks, and aliphatic solvents. As of December 31, 2016, the San Antonio refinery consisted of six processing units, including crude fractionation, naphtha hydrotreating, catalytic reforming, distillate hydrotreating, aromatic saturation and specialty fractionation. As of December 31, 2016, the refinery had approximately 200,000 barrels of storage capacity in 65 tanks, and related loading and unloading facilities and utilities.

Cotton Valley Refinery

As of December 31, 2016, the Company's Cotton Valley refinery, located on approximately 80 acre site in Cotton Valley, Louisiana (Cotton Valley), had aggregate crude oil throughput capacity of 13,500 bpd, hydrotreating capacity of 6,200 bpd. Its Cotton Valley refinery processes crude oil into specialty solvents and residual fuel oil. The Cotton Valley refinery receives crude through tank and the Plains pipeline system.

Princeton Refinery

As of December 31, 2016, the Company's Princeton refinery, located on a 208 acre site in Princeton, Louisiana (Princeton), had aggregate crude oil throughput capacity of 10,000 bpd. The Company's Princeton refinery processes naphthenic crude oil into lubricating oils, asphalt and feedstock for the Shreveport refinery for further processing into ultra-low sulfur diesel. As of December 31, 2016, the Princeton refinery consisted of seven processing units, approximately 650,000 barrels of storage capacity in 200 storage tanks and related loading and unloading facilities and utilities. The Princeton refinery has a hydrotreater and fractionation capability enabling the refining of naphthenic lubricating oils at various distillation ranges. The Princeton refinery's processing capabilities consist of atmospheric and vacuum distillation, hydrotreating, asphalt oxidation processing and clay/acid treating. In addition, it has the tankage and technology to process its asphalt into product applications, such as coatings, road paving and emulsions for road paving and specialty applications.

Missouri Facility

As of December 31, 2016, the Company's Missouri facility, located on a 22 acre site in Louisiana, Missouri, developed and produced polyester synthetic lubricants for use in refrigeration compressors, commercial aviation and polyester base stocks. As of December 31, 2016, the Company's Missouri facility had approximately 180,000 barrels of storage capacity in over 60 tanks and related loading and unloading facilities and utilities. The facility receives its fatty acids and alcohol feedstocks and additives by truck and railcar under supply agreements or spot agreements with various suppliers. The Missouri facility utilizes the batch esterification processes.

Royal Purple Facility

As of December 31, 2016, the Company's Royal Purple facility, located on a 28 acre site in Porter, Texas, developed, blended and packaged synthetic lubricants and fluid additive products for use in industrial, commercial and automotive applications. As of December 31, 2016, the Royal Purple facility's processing capability included 10 in-house packaging and production lines. Outsourced packaging services for specific products are also used. As of December 31, 2016, the facility had approximately 30,500 barrels of storage capacity in 91 tanks, and related loading and unloading facilities and utilities. The facility receives its base oil feedstocks and additives by truck.

Bel-Ray

As of December 31, 2016, the Company's Bel-Ray facility, located on a 32 acre site in Wall Township, New Jersey, blended and packaged synthetic lubricants and greases for use in aerospace, automotive, energy, food, marine, military, mining, motorcycle, powersports, steel and textiles applications. As of December 31, 2016, the Bel-Ray facility's processing capability included 24 blending tanks and packaging production lines. As of December 31, 2016, the Bel-Ray facility had approximately 13,000 barrels of storage capacity in 63 tanks and related loading and unloading facilities and utilities.

Karns City and Dickinson Facilities

As of December 31, 2016, the Company's Karns City facility, located on a 225 acre site in Karns City, Pennsylvania (Karns City), had aggregate base oil throughput capacity of 5,500 bpd and processes white mineral oils, solvents, petrolatums, gelled hydrocarbons, cable fillers and natural petroleum sulfonates. As of December 31, 2016, the Karns City facility's processing capability included hydrotreating, fractionation, acid treating, filtering, blending and packaging. In addition, the facility has approximately 820,000 barrels of storage capacity in over 250 tanks and related loading and unloading facilities and utilities.

As of December 31, 2016, the Dickinson facility, located on a 28 acre site in Dickinson, Texas (Dickinson), has aggregate base oil throughput capacity of 1,300 bpd and processes white mineral oils, compressor lubricants, natural petroleum sulfonates and biodiesel. As of December 31, 2016, the Dickinson facility's processing capability included acid treating, filtering and blending, approximately 183,000 barrels of storage capacity in over 190 tanks, and related loading and unloading facilities and utilities. These facilities each receive their base oil feedstocks by railcar and truck.

Anchor Drilling Fluids and Anchor Oilfield Services

The Company is a provider and marketer of drilling fluids, completion fluids and production chemicals to the oil and gas exploration industry. It designs, manufactures and packages drilling fluid products at its locations in Texas, Oklahoma, Louisiana, Arkansas, Colorado, Utah, Wyoming, Montana, New Mexico, New York, North Dakota, Pennsylvania and Ohio. It services oil and gas resource plays in North America, including the Bakken, Barnett, Eagle Ford, Fayetteville, Granite Wash, Haynesville, Marcellus, Niobrara, Permian, Piceance, Uinta and Utica shale formations. It develops custom formulations and solutions based on customer and well specifications.

Terminals

The Company's terminals are complementary to its refineries and play role in moving its products to end user markets by providing services, including distribution and blending to achieve specified products and storage, and inventory management. It operates the terminals, including Burnham Terminal, Rhinelander Terminal, Crookston Terminal and Duluth Terminal. As of December 31, 2016, the Company owned and operated a terminal located on 11 acre site, in Burnham, Illinois. The Burnham terminal receives specialty products from certain of its refineries by railcar and distributes them by truck and railcar to its customers in the Upper Midwest and East Coast regions of the United States and in Canada. As of December 31, 2016, the terminal included a tank farm with 90 tanks having aggregate storage capacity of approximately 150,000 barrels, as well as blending equipment for producing engine oil additives and tackifiers. As of December 31, 2016, the Company owned and operated a terminal located on an 18 acre site, in Rhinelander, Wisconsin. As of December 31, 2016, the Company owned and operated a terminal located on a 49 acre site in Proctor, Minnesota.

The Company competes with Ergon Refining, Inc., Cross Oil Refining and Marketing, Inc., San Joaquin Refining Co., Inc., Martin Midstream Partners L.P., ExxonMobil Corporation, Motiva Enterprises, LLC, Phillips 66, Petro-Canada, HollyFrontier Corporation, Chevron Corporation, Sonneborn Refined Products and Royal Dutch Shell plc, The International Group Inc., CITGO Petroleum Corporation, Ashland, Inc., BP Lubricants, USA, Delek US Holdings, Flint Hills Resources, Northern Tier Energy, Inc., Valero Energy Corporation, Cenex, Alon USA, Marathon Petroleum Corporation, Schlumberger, Halliburton, Baker Hughes and Newpark Resources.

Company Address

Calumet Specialty Products Partners LP

2780 Waterfront
Parkway E. Drive, Suite 200
INDIANAPOLIS   IN   46214
P: +1317.3285660
F: +1317.3282359

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