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Stock impact report

Calumet Specialty Products +6% following better than expected Q1 [Seeking Alpha]

Calumet Specialty Products Partners, L.P. - Common units representing limited partner interests (CLMT) 
Last calumet specialty products partners, l.p. - common units representing limited partner interests earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: calumetspecialty.investorroom.com
Company Research Source: Seeking Alpha
Calumet Specialty Products +6% following better than expected Q1Calumet Specialty Products Partners (CLMT+5.7%) jumps in early trading after reporting a smaller than expectedQ1 loss and better than expected revenues.CLMT says it was able to increase gross profit per barrel in both its specialty and fuels segment, despite heavy turnaround and maintenance activity at some facilities.Q1 gross profit per barrel rose 4% for the specialty products segment to $33.11 from $31.85 in the prior-year period and surged 44% for the fuel product segment to $7.49 from $5.19 a year ago.CLMT says it paid off its 11.5% senior notes using proceeds from 2017 asset sales, reducing annual interest expenses by ~$46M.CLMT also reaffirms FY 2018 capex guidance of $80M-$90M.slide presentationSee all stocks on the move »Now read:Calumet Specialty Products Partners, L.P. 2018 Q1 - Results - Earnings Call Slides » Show less Read more
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