Calumet specialty products partners, l.p. reports third quarter 2022 results

Net income attributable to partners of $15.7 million, or $0.19 per unit, for the third quarter of 2022 third quarter adjusted ebitda of $127.0 million driven by strong market and exceptional business execution material strategic actions at montana renewables, including warburg pincus partnership and saf addition renewable diesel plant commissioned; great falls specialty asphalt plant turnaround complete indianapolis , nov. 9, 2022 /prnewswire/ -- calumet specialty products partners, l.p. (nasdaq: clmt) (the "partnership," "calumet," "we," "our" or "us"), today reported results for the third quarter ended september 30, 2022, as follows: three months ended september 30, nine months ended september 30, 2022 2021 2022 2021 (dollars in millions, except per unit data) net income (loss) attributable to partners $                  15.7 $                  51.5 $                (95.1) $              (173.0) net income (loss) per unit $                  0.19 $                  0.64 $                (1.18) $                (2.15) adjusted ebitda $                127.0 $                  58.8 $                326.1 $                  85.7   specialty products and solutions performance brands montana/renewables three months ended september 30, three months ended september 30, three months ended september 30, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit (loss) $            123.4 $              74.0 $                  17.0 $                  16.6 $                   (1.1) $                  42.7 adjusted gross profit $            149.4 $              52.9 $                  17.4 $                  14.4 $                   11.7 $                  26.1 adjusted ebitda $            131.7 $              46.3 $                    8.5 $                    6.8 $                   11.3 $                  24.4 gross profit (loss) per barrel $            21.65 $            15.30 $              139.34 $              137.19 $                 (0.96) $                16.03 adjusted gross profit per barrel $            26.22 $            10.94 $              142.62 $              119.01 $                10.17 $                  9.80   specialty products and solutions performance brands montana/renewables nine months ended september 30, nine months ended september 30, nine months ended september 30, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit $            229.2 $              43.4 $                  44.5 $                  56.5 $                  42.2 $                  10.5 adjusted gross profit $            328.8 $              95.4 $                  45.9 $                  55.2 $                  97.6 $                  41.5 adjusted ebitda $            283.3 $              75.9 $                  17.5 $                  30.1 $                  88.9 $                  35.2 gross profit per barrel $            13.63 $              3.20 $              112.09 $              143.04 $                  6.78 $                  1.35 adjusted gross profit per barrel $            19.55 $              7.04 $              115.62 $              139.75 $                15.69 $                  5.35   "calumet made tremendous strategic strides and executed exceptionally well during the third quarter," said todd borgmann, ceo.
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