Calumet reports second quarter 2024 results

Second quarter 2024 net loss of $39.1 million, or limited partners' interest of $0.48 basic net loss per unit second quarter 2024 adjusted ebitda of $66.8 million successfully completed conversion of structure from a master limited partnership ("mlp") to a c-corp montana renewables ("mrl") achieved full production levels for the second quarter; produced approximately 7 million gallons of saf record volumes achieved in both specialties and renewables businesses indianapolis , aug. 9, 2024 /prnewswire/ -- calumet, inc. (nasdaq: clmt) today reported results of calumet specialty products partners, l.p. (the "partnership," "calumet," "we," "our" or "us") for the second quarter ended june 30, 2024, as follows: three months ended june 30,  six months ended june 30,  2024 2023 2024 2023 (dollars in millions, except per unit data) net loss $ (39.1) $ (22.3) $ (80.7) $ (3.7) limited partners' interest basic net loss per unit $ (0.48) $ (0.27) $ (0.98) $ (0.05) adjusted ebitda $ 66.8 $ 68.1 $ 88.4 $ 145.4   specialty products and solutions performance brands montana/renewables three months ended june 30,  three months ended june 30,  three months ended june 30,  2024 2023 2024 2023 2024 2023 (dollars in millions, except per barrel data) gross profit (loss) $ 39.1 $ 45.3 $ 25.1 $ 21.4 $ (0.4) $ 4.8 adjusted gross profit $ 66.0 $ 68.3 $ 25.4 $ 22.6 $ 18.8 $ 19.3 adjusted ebitda $ 65.8 $ 61.0 $ 14.1 $ 12.2 $ 7.6 $ 13.0 gross profit (loss) per barrel $ 6.71 $ 8.55 $ 141.01 $ 153.96 $ (0.18) $ 2.70 adjusted gross profit per barrel $ 11.32 $ 12.90 $ 142.70 $ 162.59 $ 8.53 $ 10.85   specialty products and solutions performance brands montana/renewables six months ended june 30,  six months ended june 30,  six months ended june 30,  2024 2023 2024 2023 2024 2023 (dollars in millions, except per barrel data) gross profit (loss) $ 124.4 $ 155.2 $ 47.4 $ 45.0 $ (29.5) $ (32.1) adjusted gross profit $ 117.4 $ 167.1 $ 48.6 $ 43.4 $ 12.8 $ 30.9 adjusted ebitda $ 107.6 $ 137.0 $ 27.5 $ 28.6 $ (6.9) $ 17.8 gross profit (loss) per barrel $ 11.07 $ 14.82 $ 147.20 $ 169.17 $ (6.92) $ (9.47) adjusted gross profit per barrel $ 10.45 $ 15.95 $ 150.93 $ 163.16 $ 3.00 $ 9.12   "calumet benefited from a strong operational quarter as we continue to demonstrate the strength of our specialties and renewables businesses," said todd borgmann, ceo.
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