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

Net loss of $95.5 million, or $(1.18) per unit for the first quarter 2022 positive outlook for specialties business – healthy specialty margins, exceptional fuels margins standing up premier renewable diesel business; significant feedstock volumes and product offtake secured renewables monetization and excellent specialties outlook provide dual path to accelerate deleveraging indianapolis , may 6, 2022 /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, 2022, as follows:   three months ended march 31, 2022 2021 (dollars in millions, except per unit data) net loss $                (95.5) $              (146.1) net loss per unit $                (1.18) $                (1.82) adjusted ebitda $                 23.3 $                  (5.4)   specialty products and solutions performance brands montana/renewables three months ended march 31, three months ended march 31, three months ended march 31, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit (loss) $              17.7 $             (38.3) $                  13.3 $                  23.5 $                    1.7 $                (27.2) adjusted gross profit (loss) $              50.7 $                4.5 $                  13.9 $                  24.2 $                  18.3 $                   (0.4) adjusted ebitda $              28.1 $               (2.2) $                    5.3 $                  16.0 $                    9.0 $                   (2.0) gross profit (loss) per barrel $              3.21 $           (10.21) $             100.00 $             166.67 $                  0.68 $              (10.86) adjusted gross profit (loss) per barrel $              9.19 $              1.19 $             104.51 $             171.63 $                  7.36 $                (0.17)   "i'd like to thank steve for his leadership these last two years, and i look forward to continuing to work with him in his new role as our executive chairman," said todd borgmann, ceo.
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