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Calumet Specialty Products Partners

OverviewSuggest Edit

Calumet Specialty Products is an independent producer of specialty hydrocarbon and fuel products. The Company specializes in refining crude oil and other natural resources into a wide variety of specialty products and fuel products. It produces customized lubricating oils, white mineral oils, solvents, petrolatums, waxes, and asphalts as well as gasoline, diesel fuel, jet fuel, and heavy fuel oils.

TypePublic
Founded1916
HQIndianapolis, IN, USMap
Websitecalumetspecialty.com
Employee Ratings2.4More
Overall CultureCMore
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Latest Updates

Employees (est.) (Mar 2020)1,500(-11%)
Revenue (FY, 2019)$3.5 B(-1%)
Share Price (Feb 2021)$3.8 (+3%)
Cybersecurity ratingBMore

Key People/Management at Calumet Specialty Products Partners

Timothy Go

Timothy Go

CEO
West Griffin

West Griffin

Executive Vice President & Chief Financial Officer
William Anderson

William Anderson

Executive Vice President - Sales
Bruce Fleming

Bruce Fleming

Executive Vice President - Strategy and Growth
Christopher Bohnert

Christopher Bohnert

Chief Accounting Officer
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Calumet Specialty Products Partners Office Locations

Calumet Specialty Products Partners has offices in Indianapolis, Cotton Valley, Dickinson, Great Falls and in 6 other locations
Indianapolis, IN, US (HQ)
2780 Waterfront Pkwy E Dr
Cotton Valley, LA, US
1756 Old Hwy 7
Dickinson, TX, US
4401 Park Ave
Great Falls, MT, US
1900 10th St NE
Karns City, PA, US
138 Petrolia St
Louisiana, MO, US
11089 Hwy D
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Calumet Specialty Products Partners Financials and Metrics

Calumet Specialty Products Partners Revenue

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Calumet Specialty Products Partners's revenue was reported to be $3.45 b in FY, 2019
USD

Net income (Q3, 2020)

(56.1m)

EBIT (Q3, 2020)

(30.8m)

Market capitalization (5-Feb-2021)

301.3m

Closing stock price (5-Feb-2021)

3.8

Cash (30-Sept-2020)

109.4m

EV

1.6b
Calumet Specialty Products Partners's current market capitalization is $301.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.6b3.8b3.5b3.5b

Revenue growth, %

5%(7%)

Cost of goods sold

3.2b3.3b3.1b3.0b

Gross profit

408.3m498.2m436.7m451.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

937.4m1.0b1.1b750.5m945.5m953.5m851.3m896.9m929.6m692.6m453.7m

Cost of goods sold

797.9m870.5m945.9m637.3m822.1m849.2m715.3m789.8m811.8m638.3m364.4m523.4m

Gross profit

139.5m160.4m151.5m113.2m123.4m104.3m136.0m107.1m117.8m54.3m89.3m

Gross profit Margin, %

15%16%14%15%13%11%16%12%13%8%20%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(328.6m)(103.8m)(55.1m)(43.6m)

Depreciation and Amortization

171.1m154.8m118.1m110.1m

Inventories

49.6m(8.5m)(300.0k)16.3m

Accounts Payable

21.4m70.6m(78.2m)71.3m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(67.7m)(215.6m)(249.0m)(6.2m)3.4m(20.2m)(4.8m)(56.7m)(73.2m)16.4m(400.0k)(5.0m)(14.4m)(10.8m)(66.9m)

Depreciation and Amortization

47.9m99.0m152.4m48.5m96.0m160.0m29.7m59.2m88.8m33.0m55.2m82.6m26.4m52.6m78.8m

Inventories

(36.0m)(10.3m)16.3m(46.2m)(44.3m)8.0m(7.5m)(2.6m)(34.4m)31.9m40.5m29.6m3.8m18.1m26.6m

Accounts Payable

(1.8m)(60.0m)11.6m21.7m24.2m37.7m(9.3m)(17.7m)(32.5m)37.2m42.9m61.7m(65.3m)(55.5m)
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USDQ1, 2016

Debt/Equity

3.9 x

Debt/Assets

0.6 x

Financial Leverage

6.3 x
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Calumet Specialty Products Partners Operating Metrics

Calumet Specialty Products Partners's Enterprise Customers was reported to be 2.7 k in FY, 2018.
FY, 2016FY, 2017FY, 2018

Enterprise Customers

4.40 k4 k2.70 k

Products

3.50 k3.70 k3 k

Products Sold, barrels per day

140.18 k132.08 k97.10 k

Feedstock Runs, barrels per day

134.16 k128.62 k94.14 k
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Calumet Specialty Products Partners Acquisitions / Subsidiaries

Company NameDateDeal Size
Biosynthetic TechnologiesApril 09, 2018
Specialty Oil Field SolutionsAugust 01, 2014
Anchor Drilling Fluids USAMarch 26, 2014
United Petroleum CompanyFebruary 28, 2014
Bel-RayDecember 10, 2013
Montana Refining CompanyOctober 01, 2012
Royal PurpleJuly 03, 2012
TruSouth OilJanuary 06, 2012
PenrecoJanuary 04, 2008
Bel-Ray Company, LLC
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Calumet Specialty Products Partners Revenue Breakdown

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Calumet Specialty Products Partners revenue breakdown by business segment: 60.5% from Fuel Products and 39.5% from Specialty Products

Calumet Specialty Products Partners Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Calumet Specialty Products Partners Online and Social Media Presence

Calumet Specialty Products Partners's Trends

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Calumet Specialty Products Partners Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    A

    78/100

  • Compensation

    C+

    66/100

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Calumet Specialty Products Partners News and Updates

November 06, 2020

Calumet Specialty Products Partners, L.P. Reports Third Quarter 2020 Results

INDIANAPOLIS, Nov. 6, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, today reported results for the third quarter ended September...
August 06, 2020

Calumet Specialty Products Partners, L.P. Announces CFO Transition

INDIANAPOLIS, Aug. 6, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today announced that H. Keith Jennings notified the Board of Directors of...
June 02, 2020

Calumet Specialty Products Partners, L.P. to attend Bank of America Merrill Lynch 2020 Energy Credit Conference

INDIANAPOLIS, June 2, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT), a leading independent producer of specialty hydrocarbon and fuels products, today announced that senior management will participate in the Bank of America Merrill Lynch 2020 Energy Credit...
April 09, 2020

Calumet Specialty Products Partners, L.P. Provides Operations and Liquidity Update

INDIANAPOLIS, April 9, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, today released information regarding the Partnership's operations, in addition...
March 05, 2020

Calumet Specialty Products Partners, L.P. Announces CEO Transition

INDIANAPOLIS, March 5, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Company," the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuel products, today announced that Tim Go notified the Board of Directors of...
February 27, 2020

Calumet Specialty Products Partners, L.P. to Release Fourth Quarter and Full Year 2019 Results on March 5th

INDIANAPOLIS, Feb. 26, 2020 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuel products, today announced that it plans to report results for the...
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Calumet Specialty Products Partners Blogs

February 18, 2021

Calumet Specialty Products Partners, L.P. Elects Jennifer G. Straumins to Board of Directors

INDIANAPOLIS, Feb. 18, 2021 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (“Calumet,” the “Partnership” or the “Company”) (NASDAQ: CLMT) today announced that Jennifer G. Straumins has […] The post Calumet Specialty Products Partners, L.P. Elects Jennifer G. Straumins to Board of Directors…
February 16, 2021

Calumet Specialty Products Partners, L.P. Provides Update on Strategy, M&A and Business Resegmentation

INDIANAPOLIS, Feb. 16, 2021 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (“Calumet” or the “Partnership”) (NASDAQ: CLMT) today provided an update to the Partnership’s strategic and […] The post Calumet Specialty Products Partners, L.P. Provides Update on Strategy, M&A and Business Re…
February 01, 2021

Calumet Specialty Products Partners, L.P. Announces Planned Sale-Leaseback Transaction for Shreveport Fuels Terminal Assets

Company expects to utilize proceeds to redeem $70 million of its 7.625% Senior Notes due 2022 INDIANAPOLIS, Feb. 1, 2021 /PRNewswire/ — Calumet Specialty Products Partners, […] The post Calumet Specialty Products Partners, L.P. Announces Planned Sale-Leaseback Transaction for Shreveport Fuels Termin…

 Calumet Specialty Products Partners Frequently Asked Questions

  • When was Calumet Specialty Products Partners founded?

    Calumet Specialty Products Partners was founded in 1916.

  • Who are Calumet Specialty Products Partners key executives?

    Calumet Specialty Products Partners's key executives are Timothy Go, West Griffin and William Anderson.

  • How many employees does Calumet Specialty Products Partners have?

    Calumet Specialty Products Partners has 1,500 employees.

  • What is Calumet Specialty Products Partners revenue?

    Latest Calumet Specialty Products Partners annual revenue is $3.5 b.

  • What is Calumet Specialty Products Partners revenue per employee?

    Latest Calumet Specialty Products Partners revenue per employee is $2.3 m.

  • Who are Calumet Specialty Products Partners competitors?

    Competitors of Calumet Specialty Products Partners include Ergon, PennEnergy Resources and SIBUR.

  • Where is Calumet Specialty Products Partners headquarters?

    Calumet Specialty Products Partners headquarters is located at 2780 Waterfront Pkwy E Dr, Indianapolis.

  • Where are Calumet Specialty Products Partners offices?

    Calumet Specialty Products Partners has offices in Indianapolis, Cotton Valley, Dickinson, Great Falls and in 6 other locations.

  • How many offices does Calumet Specialty Products Partners have?

    Calumet Specialty Products Partners has 11 offices.