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Last $27.83 USD
Change Today +0.14 / 0.51%
Volume 219.3K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

calumet specialty products (CLMT) Snapshot

Open
$27.70
Previous Close
$27.69
Day High
$27.83
Day Low
$27.50
52 Week High
07/24/14 - $33.30
52 Week Low
12/16/14 - $18.66
Market Cap
2.1B
Average Volume 10 Days
308.6K
EPS TTM
$-0.63
Shares Outstanding
75.8M
EX-Date
05/1/15
P/E TM
--
Dividend
$2.74
Dividend Yield
9.85%
Current Stock Chart for CALUMET SPECIALTY PRODUCTS (CLMT)

calumet specialty products (CLMT) Related Businessweek News

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calumet specialty products (CLMT) Details

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in three segments: Specialty Products, Fuel Products, and Oilfield Services. The Specialty Products segment offers various lubricating oils, white mineral oils, petrolatums, solvents, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods. The Fuel Products segment provides fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt, and heavy fuel oils, as well as resells purchased crude oil to third party customers. The Oilfield Services segment manufactures and markets drilling fluids, completion fluids, production chemicals, and solids control services to the oil and gas exploration industry. 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.

2,200 Employees
Last Reported Date: 03/2/15
Founded in 1916

calumet specialty products (CLMT) Top Compensated Officers

Chief Financial Officer of Calumet GP LLC, Ex...
Total Annual Compensation: $329.6K
Executive Vice President of Sales - Calumet G...
Total Annual Compensation: $279.1K
Compensation as of Fiscal Year 2014.

calumet specialty products (CLMT) Key Developments

Calumet Specialty Products Partners, L.P. Declares Distribution for the First Quarter Ended March 31, 2015, Payable on May 15, 2015

Calumet Specialty Products Partners, L.P. declared a quarterly cash distribution of $0.685 per unit, or $2.74 per unit on an annualized basis, for the quarter ended March 31, 2015 on all of its outstanding limited partner units. The distribution will be paid on May 15, 2015 to unitholders of record as of the close of business on May 5, 2015.

Calumet Specialty Products Partners Lp Announces Management Changes, Effective April 1, 2015

Calumet Specialty Products Partners LP announced that F. William Grube, the Partnership's Vice Chairman and Chief Executive Officer, is being promoted to the newly formed position of Executive Vice Chairman. As Executive Vice Chairman of the Partnership, Mr. Grube will continue to serve as an executive officer of the Partnership and remain actively engaged as an influential member of Calumet's Board of Directors. Concurrent with Mr. Grube's promotion and departure from the CEO position, the Partnership has hired Bill Hatch as Interim CEO. Both officers will assume their new roles effective April 1, 2015. Mr. Hatch, retired as Vice President Operations-Chief Operating Executive of CITGO Petroleum Corporation at the end of 2008.

Calumet Specialty Products Partners, L.P. and its Subsidiary Calumet Finance Corp. Announce $325 Million Private Placement of Senior Notes Due 2023

Calumet Specialty Products Partners, L.P. and its subsidiary Calumet Finance Corp. announce that, subject to market conditions, they intend to offer for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $325 million in aggregate principal amount of senior unsecured notes due 2023 (the "2023 Notes"). Calumet intends to use a portion of the net proceeds from the private placement, together with a portion of the net proceeds from its recent equity offering, to fund the redemption of all of its outstanding $275.0 million aggregate principal amount of 9.625% senior unsecured notes due 2020 (the "2020 Notes"). The remainder of the net proceeds from this private placement would be used to repay borrowings outstanding under its revolving credit facility and for general partnership purposes, including capital expenditures and working capital. Any redemption of the 2020 Notes will be made by separate notice to holders of such notes and nothing in this press release is intended to constitute such notice. The securities to be offered have not been registered under the Securities Act, or any state securities laws, and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Calumet plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S under the Securities Act.

 

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