CLMT - Calumet Specialty Products Partners LP Stock Price, Fair Value and News

15.43USD+0.22 (+1.45%)Market Closed

Market Summary

USD15.43+0.22

Market Closed

1.45%

CLMT Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

CLMT Stock Price

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CLMT RSI Chart

CLMT Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

-102.51

Price/Sales (Trailing)

0.3

EV/EBITDA

8.84

Price/Free Cashflow

-5.09

CLMT Price/Sales (Trailing)

CLMT Profitability

EBT Margin

-0.26%

Return on Assets

-0.44%

Free Cashflow Yield

-19.64%

CLMT Fundamentals

CLMT Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

-3.04%

Rev. Growth (Qtr)

CLMT Earnings

Earnings (TTM)

-12.1M

Earnings Growth (Yr)

-323.66%

Earnings Growth (Qtr)

13.33%

Breaking Down CLMT Revenue

Last 7 days

-6.0%

Last 30 days

-0.8%

Last 90 days

-11.0%

Trailing 12 Months

-8.3%

How does CLMT drawdown profile look like?

CLMT Financial Health

Current Ratio

0.98

Debt/Cashflow

-0.04

CLMT Investor Care

Shares Dilution (1Y)

0.54%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	4.1B	0	0	0
2023	4.6B	4.2B	4.2B	4.2B
2022	3.6B	4.3B	4.6B	4.7B
2021	2.2B	2.5B	2.8B	3.1B
2020	3.3B	2.9B	2.5B	2.3B
2019	3.6B	3.5B	3.5B	3.5B
2018	3.6B	3.6B	3.5B	3.5B
2017	3.7B	3.7B	3.8B	3.8B
2016	3.9B	3.7B	3.5B	3.5B
2015	5.5B	5.2B	4.7B	4.2B
2014	5.4B	5.5B	5.7B	5.8B
2013	4.8B	5.1B	5.4B	5.4B
2012	3.7B	4.1B	4.5B	4.7B
2011	2.3B	2.5B	2.7B	3.1B
2010	0	2.0B	2.1B	2.2B
2009	0	0	0	1.8B

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Calumet Specialty Products Partners LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 04, 2024	fleming bruce a	sold (taxes)	-	-	-71,410	evp - montana renewables
Apr 04, 2024	borgmann louis todd	acquired	-	-	97,279	chief executive officer
Apr 04, 2024	borgmann louis todd	sold (taxes)	-	-	-42,479	chief executive officer
Apr 04, 2024	fleming bruce a	acquired	-	-	182,072	evp - montana renewables
Jan 18, 2024	willman ryan	sold (taxes)	-	-	-92.00	chief accounting officer
Jan 18, 2024	fleming bruce a	sold (taxes)	-	-	-12,773	evp - montana renewables
Jan 18, 2024	mawer stephen p	sold	-268,711	17.87	-15,037	-
Jan 18, 2024	morical gregory j	sold (taxes)	-	-	-9,490	svp, general counsel
Jan 18, 2024	mawer stephen p	sold (taxes)	-	-	-30,717	-
Jan 18, 2024	willman ryan	acquired	-	-	744	chief accounting officer

Which funds bought or sold CLMT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	Atria Wealth Solutions, Inc.	reduced	-7.41	-110,990	371,500	-%
May 13, 2024	Jump Financial, LLC	sold off	-100	-250,180	-	-%
May 13, 2024	Creative Planning	reduced	-3.21	-153,654	633,913	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-148,242	731,855	-%
May 13, 2024	UBS Group AG	added	192	1,295,030	2,197,570	-%
May 10, 2024	LPL Financial LLC	reduced	-1.9	-568,908	2,519,260	-%
May 10, 2024	ING GROEP NV	added	132	1,586,410	3,284,060	0.02%
May 10, 2024	JPMORGAN CHASE & CO	added	63.39	27,069	102,534	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	0.13	-133,013	661,546	-%
May 10, 2024	CIBC Private Wealth Group, LLC	unchanged	-	-36,120	178,320	-%

Are Funds Buying or Selling CLMT?

Are funds buying CLMT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CLMT

No. of Funds

Unveiling Calumet Specialty Products Partners LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	knott partners lp	5.5%	4,407,000	SC 13G/A
Feb 13, 2023	knott partners lp	5.7%	4,522,000	SC 13G/A
Feb 10, 2023	wasserstein debt opportunities management, l.p.	7.67%	6,072,088	SC 13G/A
Feb 14, 2022	wasserstein debt opportunities management, l.p.	5.65%	4,446,689	SC 13G/A
Feb 11, 2022	knott partners lp	5.7%	4,492,200	SC 13G/A
Nov 08, 2021	knott david m jr	5.4%	4,292,200	SC 13G
Oct 12, 2021	wasserstein debt opportunities management, l.p.	6.19%	4,868,213	SC 13G
Feb 06, 2020	goldman sachs group inc	0.4%	332,424	SC 13G/A

Recent SEC filings of Calumet Specialty Products Partners LP

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 10, 2024	425	Prospectus Filed
May 10, 2024	8-K	Current Report
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	4	Insider Trading
May 06, 2024	3	Insider Trading
Apr 30, 2024	425	Prospectus Filed
Apr 19, 2024	425	Prospectus Filed

Peers (Alternatives to Calumet Specialty Products Partners LP)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	463.7B	341.1B	-2.05%	12.42%	14.14	1.36	-16.75%	-46.83%
CVX	302.1B	198.9B	3.51%	5.06%	14.89	1.52	-18.05%	-43.28%
OXY	55.9B	27.7B	-8.84%	8.30%	12.94	2.02	-22.75%	-55.41%
MRO	15.0B	6.6B	-8.66%	18.67%	10.45	2.26	-15.57%	-47.38%
CHK	11.9B	6.4B	-0.21%	10.80%	11.26	1.85	-54.63%	-85.10%
MID-CAP
RRC	8.9B	2.2B	-1.50%	34.46%	18.39	4.03	-62.59%	-77.29%
HP	3.9B	2.7B	-7.32%	24.33%	10.91	1.4	2.93%	8.77%
CNX	3.7B	2.5B	-3.38%	51.16%	3.65	1.46	-6.59%	-31.79%
KOS	2.9B	1.7B	-3.06%	-0.83%	12.98	1.67	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	244.0M	304.0M	-12.55%	-7.60%	7.98	0.8	-28.78%	-93.34%
AMTX	180.7M	257.2M	-6.29%	124.58%	-4.08	0.7	7.59%	61.82%
BATL	93.1M	220.8M	3.88%	-8.17%	-30.56	0.42	-38.52%	-116.44%
AE	72.0M	2.8B	-6.33%	-17.39%	42.01	0.03	-15.01%	137.22%
BRN	27.9M	23.9M	3.05%	3.85%	-10.27	1.17	-21.86%	-149.09%

Calumet Specialty Products Partners LP News

Latest updates

Calumet Specialty Products Partners LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.0%	1,005,800,000	976,500,000	1,149,400,000	1,017,800,000	1,037,300,000	999,400,000	1,165,000,000	1,424,000,000	1,097,900,000	865,800,000	874,900,000	807,000,000	600,300,000	553,900,000	568,000,000	453,700,000	692,600,000	774,800,000	929,600,000	896,900,000	851,300,000
Gross Profit	255.2%	78,500,000	22,100,000	261,500,000	71,500,000	96,600,000	35,800,000	139,300,000	143,900,000	32,700,000	32,500,000	133,300,000	19,100,000	-42,000,000	-5,400,000	16,500,000	64,500,000	23,500,000	90,800,000	117,800,000	107,100,000	136,000,000
S&GA Expenses	1.5%	13,700,000	13,500,000	12,400,000	15,500,000	13,500,000	13,500,000	11,600,000	16,200,000	12,600,000	12,800,000	12,400,000	14,500,000	13,100,000	10,700,000	11,200,000	12,600,000	13,300,000	12,900,000	12,600,000	14,300,000	13,300,000
EBITDA Margin	-11.0%	0.09	0.10	0.08	0.05	0.05	0.02	0.02	0.03	0.02	0.00	-0.01	-0.05	-	-	-	-	-	-	-	-	-
Interest Expenses	4.8%	60,800,000	58,000,000	58,700,000	55,800,000	49,200,000	39,900,000	41,800,000	42,600,000	51,600,000	40,200,000	38,200,000	36,900,000	34,200,000	32,700,000	33,300,000	30,600,000	29,300,000	35,400,000	33,800,000	33,100,000	32,300,000
Income Taxes	0%	200,000	200,000	500,000	400,000	500,000	600,000	1,500,000	600,000	700,000	-	400,000	900,000	200,000	300,000	100,000	200,000	500,000	-200,000	500,000	300,000	-100,000
Earnings Before Taxes	13.4%	-41,400,000	-47,800,000	100,300,000	-21,900,000	19,100,000	-76,500,000	16,100,000	-14,700,000	-94,800,000	-87,100,000	51,900,000	-77,500,000	-145,900,000	-81,800,000	-56,000,000	3,800,000	-13,900,000	-38,800,000	-4,100,000	-16,500,000	16,300,000
EBT Margin	-121.9%	0.00	0.01	0.00	-0.01	-0.01	-0.04	-0.04	-0.03	-0.06	-0.08	-0.09	-0.14	-	-	-	-	-	-	-	-	-
Net Income	13.3%	-41,600,000	-48,000,000	99,800,000	-22,300,000	18,600,000	-78,200,000	15,700,000	-15,300,000	-95,500,000	-87,100,000	51,500,000	-78,400,000	-146,100,000	-82,100,000	-56,100,000	3,600,000	-14,400,000	-38,600,000	-4,600,000	-16,800,000	16,400,000
Net Income Margin	-125.3%	0.00	0.01	0.00	-0.02	-0.01	-0.04	-0.04	-0.03	-0.06	-0.08	-0.09	-0.14	-	-	-	-	-	-	-	-	-
Free Cashflow	-192.3%	-114,000,000	-39,000,000	13,100,000	-103,700,000	-157,100,000	-210,000,000	-133,600,000	-21,900,000	-70,100,000	-62,700,000	41,800,000	-49,500,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	2,732	2,751	2,805	2,805	2,765	2,741	2,569	2,354	2,196	2,128	1,834	1,840	1,868	1,808	1,808	1,822	1,862	1,858	2,161	2,207	2,270
Current Assets	2.1%	812	795	863	848	800	820	789	774	692	633	566	591	603	535	541	537	544	512	711	731	756
Cash Equivalents	297.5%	31.00	8.00	14.00	36.00	11.00	35.00	51.00	28.00	11.00	38.00	11.00	35.00	114	109	109	105	104	19.00	164	174	153
Inventory	-8.3%	403	439	448	440	455	498	402	326	338	327	297	287	258	255	231	240	223	293	293	285	291
Net PPE	-1.3%	1,486	1,506	1,527	1,536	1,543	1,482	1,329	1,150	1,015	950	904	890	905	920	933	949	965	974	1,050	1,056	1,069
Goodwill	-100.0%	-	173	-	-	-	173	-	-	-	173	-	-	-	173	173	173	173	171	171	171	171
Liabilities	0.7%	3,016	2,996	3,002	3,102	3,042	3,029	2,834	2,831	2,659	2,513	2,134	2,192	2,142	1,937	1,852	1,811	1,855	1,836	2,099	2,140	2,187
Current Liabilities	-25.9%	824	1,113	1,320	1,199	1,267	1,351	1,325	1,298	1,116	900	839	880	832	545	472	433	438	565	737	596	566
Long Term Debt	12.3%	2,056	1,830	1,608	1,824	1,697	1,540	1,436	1,443	1,442	1,419	1,171	1,197	1,239	1,319	1,313	1,323	1,359	1,210	1,306	1,476	1,541
Shares Outstanding	-	-	-	80.00	80.00	80.00	79.00	79.00	79.00	79.00	79.00	79.00	79.00	79.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,000	-	-	-	649	-	-	-	426	-	-	-	178	-	-	-	256	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-1153.3%	-94,000	-7,500	45,200	-25,900	-26,700	-50,100	63,900	89,700	-2,900	-14,100	59,400	-39,000	-50,300	-2,100	14,500	70,300	-19,900	38,000	64,300	62,200	27,400
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	1,900	5,100	-4,500	1,000	300	2,400	2,200
Cashflow From Investing	36.5%	-20,000	-31,500	-32,100	-77,800	-130,400	-159,900	-197,500	-111,600	-67,000	-48,600	-17,500	-10,500	-6,200	-9,100	-6,400	-13,500	-17,300	28,200	-10,300	-4,500	1,100
Cashflow From Financing	292.5%	130,700	33,300	-35,300	135,100	133,100	194,700	156,600	-5,200	2,600	173,800	-65,600	-30,200	61,300	11,200	-4,100	-55,100	121,800	-211,300	-63,300	-37,100	-31,300

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CLMT Income Statement

2024-03-31

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Sales	$ 1,005.8	$ 1,037.3
Cost of sales	927.3	940.7
Gross profit	78.5	96.6
Operating costs and expenses:
Selling	13.7	13.5
General and administrative	23.3	37.1
Other operating expense	5.2	3.0
Operating income (loss)	36.3	43.0
Other income (expense):
Interest expense	(60.8)	(49.2)
Gain (loss) on derivative instruments	(16.9)	25.5
Other income (expense)		(0.2)
Total other expense	(77.7)	(23.9)
Net income (loss) before income taxes	(41.4)	19.1
Income tax expense	0.2	0.5
Net income (loss)	(41.6)	18.6
Less:
General partners' interest in net income (loss)	(0.8)	0.4
Net income (loss) available to limited partners	$ (40.8)	$ 18.2
Weighted average limited partner units outstanding:
Basic	80,352,403	79,830,671
Diluted	80,352,403	79,939,985
Limited partners' interest basic net income (loss) per unit:
Limited partners' interest basic net income (loss) per unit	$ (0.51)	$ 0.23
Limited partners' interest diluted net income (loss) per unit	$ (0.51)	$ 0.23

CLMT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 23.9	$ 7.9
Accounts receivable, net:
Trade, less allowance for credit losses of $1.4 million and $1.2 million, respectively	289.4	252.4
Other	49.6	33.8
Total accounts receivable	339.0	286.2
Inventories	403.1	439.4
Derivative assets	5.5	9.6
Prepaid expenses and other current assets	40.2	51.6
Total current assets	811.7	794.7
Property, plant and equipment, net	1,486.0	1,506.3
Other noncurrent assets, net	433.9	450.3
Total assets	2,731.6	2,751.3
Current liabilities:
Accounts payable	321.1	322.0
Accrued interest payable	41.3	48.7
Accrued salaries, wages and benefits	68.4	87.1
Obligations under inventory financing agreements	55.6	190.4
Current portion of RINs obligation	212.7	277.3
Other current liabilities	99.0	131.5
Current portion of long-term debt	26.3	55.7
Total current liabilities	824.4	1,112.7
Other long-term liabilities	135.7	53.6
Long-term debt, less current portion	2,055.6	1,829.7
Total liabilities	3,015.7	2,996.0
Commitments and contingencies
Redeemable noncontrolling interest	245.6	245.6
Partners' capital (deficit):
Partners' capital (deficit)	(529.7)	(490.3)
Total liabilities and partners' capital (deficit)	2,731.6	2,751.3
Limited Partners
Partners' capital (deficit):
Partners' capital (deficit)	(523.1)	(484.4)
General Partner
Partners' capital (deficit):
Partners' capital (deficit)	0.5	1.3
Accumulated Other Comprehensive Loss
Partners' capital (deficit):
Partners' capital (deficit)	$ (7.1)	$ (7.2)

About Calumet Specialty Products Partners LP

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstocks into renewable diesel, sustainable aviation fuel, renewable hydrogen, renewable natural gas, renewable propane, and renewable naphtha. This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. Its Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana.

CEO	Mr. Louis Todd Borgmann
WEBSITE	calumetspecialty.com
INDUSTRY	Oil - E&P
EMPLOYEES	1530

Calumet Specialty Products Partners LP Frequently Asked Questions

What is the ticker symbol for Calumet Specialty Products Partners LP? What does CLMT stand for in stocks?

CLMT is the stock ticker symbol of Calumet Specialty Products Partners LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Calumet Specialty Products Partners LP (CLMT)?

As of Mon May 13 2024, market cap of Calumet Specialty Products Partners LP is 1.22 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CLMT stock?

You can check CLMT's fair value in chart for subscribers.

What is the fair value of CLMT stock?

You can check CLMT's fair value in chart for subscribers. The fair value of Calumet Specialty Products Partners LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Calumet Specialty Products Partners LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CLMT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Calumet Specialty Products Partners LP a good stock to buy?

The fair value guage provides a quick view whether CLMT is over valued or under valued. Whether Calumet Specialty Products Partners LP is cheap or expensive depends on the assumptions which impact Calumet Specialty Products Partners LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CLMT.

What is Calumet Specialty Products Partners LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, CLMT's PE ratio (Price to Earnings) is -101.05 and Price to Sales (PS) ratio is 0.29. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CLMT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Calumet Specialty Products Partners LP's stock?

In the past 10 years, Calumet Specialty Products Partners LP has provided -0.071 (multiply by 100 for percentage) rate of return.