Calumet Specialty shows $23M loss in delayed quarterly report
The Indianapolis-based refinery company said Hurricane Harvey supply-chain disruptions and trouble with a new software system hurt its performance.
Calumet Specialty Products
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Calumet Specialty selling Anchor Drilling subsidiary for $84 million
Three years after acquiring Anchor Drilling Fluids USA LLC for $235 million, Indianapolis-based Calumet Specialty Products Partners is shedding the subsidiary to reduce debt and concentrate on its core business.
Calumet Specialty warned by Nasdaq for delaying quarterly report
Indianapolis-based Calumet Specialty Products Partners announced Nov. 10 that it was “in the later stages of an enterprise resource planning (ERP) system implementation,” which delayed the third-quarter report.
Calumet to sell its Wisconsin refinery for $435 million
Shares in Indianapolis-based Calumet Specialty Products Partners jumped Monday after it announced the sale of the crude oil refinery.
Calumet posts $6 million loss, still beats analyst expectations
The Indianapolis-based refinery company’s financial results, released Thursday morning, showed marked improvement over the same period a year ago.
Calumet Specialty hires new CFO
The Indianapolis-based company has tapped D. West Griffin, as 30-year energy industry veteran, as chief financial officer and executive vice president.
Calumet Specialty posts fifth straight quarterly loss
The Indianapolis-based fuel-products company posted a loss of $33.4 million in the third quarter, marking an improvement over its previous four quarters.
Calumet takes huge quarterly loss after selling refinery
Calumet Specialty Products Partners LP took a huge loss in the second quarter, mostly due to the company’s divestiture of a money-losing refinery in North Dakota.
Calumet Specialty Products sells off money-losing refinery
Struggling Indianapolis-based oil company Calumet Specialty Products Partners announced Tuesday that it has sold its interest in a $430 million refinery that it co-developed in North Dakota.
Calumet reviewing assets after huge quarterly loss
Indianapolis-based Calumet Specialty Products Partners reported a quarterly loss of $67.7 million Thursday morning as revenue took a nosedive. The company said it might divest some of its assets, including an underperforming $430 million refinery that opened a year ago.
Calumet shares plummet on dropped dividend, higher debt
Shares in Indianapolis-based Calumet Specialty Products Partners fell 30 percent in after-hours trading Friday and dropped another 53 percent Monday morning.
Battered and bruised, Indy-based oil refiner soldiers on
Calumet's stock price has fallen so far that the annual dividend yield is a whopping 28 percent—one of the highest in the country.
Calumet shares hit 6-year low after big quarterly loss
Shares in Calumet Specialty Products Partners closed at $12.30 each Wednesday, down 12.6 percent on the day and 38 percent since the beginning of the year.
New oil refinery co-owned by Calumet off to tough start
The shale boom is threatening to ruin a renaissance in small refineries, known as teapots, before it even begins.
Calumet, MDU delay plan for another diesel refinery
Developers of a recently completed $430 million diesel refinery near Dickinson, North Dakota, are delaying plans for a second factory in the Minot area of the state.
Calumet Specialty takes loss on lower revenue
Calumet Specialty Products Partners LP took a loss of nearly $49 million in the third quarter as sales fell 32 percent from the same quarter of 2014.
Calumet Specialty hires energy industry vet as CEO
Timothy Go was most recently vice president of operations at Wichita, Kansas-based Flint Hills Resources LP, a subsidiary of Koch Industries Inc.
Calumet reports profitable quarter on higher sales
Calumet Specialty Products Partners LP turned in a moneymaking second quarter, rebounding from a loss in the same period of 2014, the company reported Wednesday morning.
Calumet Specialty bounces back with profitable quarter
Calumet Specialty Products Partners LP rebounded from a money-losing first quarter in 2014 with a profitable one this year, the company reported Wednesday.
Calumet Specialty opens massive refinery in North Dakota
Indianapolis-based Calumet Specialty Products Partners built the Dakota Prairie Refinery near Dickinson as part of a joint venture with Bismarck-based MDU Resources Group. It is the first greenfield fuels refinery to open in the United States in nearly 40 years.