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Stock impact report

Calumet Provides Preliminary Third Quarter 2024 Selected Financial Results

Calumet, Inc (CLMT) 
Last calumet, inc earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: calumetspecialty.investorroom.com
Company Research Source: PR Newswire
INDIANAPOLIS, Oct. 23, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected financial results for the third quarter ended September 30, 2024.Based on preliminary data, the Company currently expects to report a net loss between $110 million and $90 million and Adjusted EBITDA between $45 million and $55 million for the third quarter 2024.  For a reconciliation of the preliminary estimate of Adjusted EBITDA to preliminary estimated net loss, the most directly comparable GAAP measure, see "Non-GAAP Financial Measures" below.  Further, as of September 30, 2024, the Company estimates total liquidity of approximately $290 million comprised of approximately $35 million of unrestricted cash and cash equivalents and approximately $255 million of availability under our credit facilities.Calumet continued to demonstrate strong operations at Montana Renewables throughout the third quarter, processing approximately 1 Show less Read more
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