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Recap: Calumet Specialty Q1 Earnings

Benzinga Insights
·1 min read

Shares of Calumet Specialty (NASDAQ:CLMT) rose 8% after the company reported Q1 results.

Quarterly Results

Earnings per share rose 2900.00% year over year to $0.28, which may not compare to the estimate of ($0.18).

Revenue of $692,600,000 lower by 18.64% year over year, which beat the estimate of $659,440,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Calumet Specialty hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 07, 2020

View more earnings on CLMT

Webcast URL: https://edge.media-server.com/mmc/p/7kk25w3x

Technicals

Company's 52-week high was at $5.00

Company's 52-week low was at $0.82

Price action over last quarter: down 36.62%

Company Profile

Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. The company operates through three segments that is Specialty products which process crude oil and other feedstocks into a variety of customized lubricating oils, white mineral oils, solvents, petrolatum's and waxes; the Fuel products segments which processes crude oil into a variety of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils.

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