Calumet specialty products partners, l.p. reports first quarter 2024 results

First quarter 2024 net loss of $41.6 million, or limited partners' interest of $0.51 basic net loss per unit first quarter 2024 adjusted ebitda of $21.6 million plan to convert structure from a master limited partnership to a c-corp is on track montana renewables ("mrl") improved sequentially through the quarter, posted positive ebitda in march 2024, and operated at planned production levels in april mrl remains the largest saf producer in the western hemisphere with 30 million gallons annual capacity shreveport turnaround completed successfully during the first quarter of 2024 indianapolis , may 10, 2024 /prnewswire/ -- calumet specialty products partners, l.p. (nasdaq: clmt) (the "partnership," "calumet," "we," "our" or "us"), today reported results for the first quarter ended march 31, 2024, as follows: three months ended march 31,  2024 2023 (dollars in millions, except per unit data) net income (loss) $ (41.6) $ 18.6 limited partners' interest basic net income (loss) per unit $ (0.51) $ 0.23 adjusted ebitda $ 21.6 $ 77.3   specialty products and solutions performance brands montana/renewables three months ended march 31,  three months ended march 31,  three months ended march 31,  2024 2023 2024 2023 2024 2023 (dollars in millions, except per barrel data) gross profit (loss) $ 85.3 $ 109.9 $ 22.3 $ 23.6 $ (29.1) $ (36.9) adjusted ebitda $ 41.8 $ 76.0 $ 13.4 $ 16.4 $ (14.5) $ 4.8 gross profit (loss) per barrel $ 15.77 $ 21.22 $ 154.86 $ 185.83 $ (14.16) $ (22.91)   "we're anticipating an exciting and strategically important spring and summer at calumet as we remain on pace to complete our c-corp conversion and demonstrate the competitive advantages of montana renewables.
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