Calumet Specialty Products Partners, L.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 05, 2022 at 08:54 am EDT
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Calumet Specialty Products Partners, L.P. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,424 million compared to USD 807 million a year ago. Net loss was USD 15 million compared to USD 76.8 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.97 a year ago.
For the six months, sales was USD 2,521.9 million compared to USD 1,407.3 million a year ago. Net loss was USD 108.6 million compared to USD 220 million a year ago. Basic loss per share from continuing operations was USD 1.37 compared to USD 2.79 a year ago.
Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a range of consumer-facing and industrial markets. In its Specialty Products and Solutions segment, the Company manufactures and markets a variety of solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. Its Montana/Renewables segment consists of two facilities, renewable fuels, and specialty asphalt. At its Montana Renewables facility, it processes a variety of geographically advantaged renewable feedstocks into renewable diesel, sustainable aviation fuel (SAF), renewable hydrogen, and others. At its Montana specialty asphalt facility, it processes Canadian crude oil into conventional gasoline, diesel, and others. In its Performance Brands segment, it blends, packages and markets high performance products through its Royal Purple, Bel-Ray, and TruFuel brands.