Calumet specialty products partners, l.p. reports fourth quarter and year end 2021 results

Indianapolis, feb. 25, 2022 /prnewswire/ -- calumet specialty products partners, l.p. (nasdaq: clmt) (the "partnership," "calumet," "we," "our" or "us"), a leading independent producer of petroleum-based specialty products, today reported results for the fourth quarter and year ended december 31, 2021, as follows: three months ended december 31, year ended december 31, 2021 2020 2021 2020 (dollars in millions, except per unit data) net loss $                (87.1) $                (82.1) $              (260.1) $              (149.0) net loss per unit $                (1.08) $                (1.03) $                (3.23) $                (1.86) adjusted ebitda $                  24.6 $                  33.8 $                110.3 $                217.3   specialty products and solutions performance brands montana/renewables three months ended december 31, three months ended december 31, three months ended december 31, 2021 2020 2021 2020 2021 2020 (dollars in millions, except per barrel data) gross profit (loss) $              19.2 $               (8.1) $                  11.8 $                  19.9 $                    1.5 $                 (17.2) adjusted gross profit $              34.9 $              23.8 $                  12.1 $                  20.9 $                  11.0 $                    3.2 adjusted ebitda $              28.7 $              25.4 $                    3.7 $                  14.0 $                    9.2 $                    6.5 gross profit (loss) per barrel $              3.97 $             (1.68) $              107.27 $              160.48 $                  0.66 $                 (6.67) adjusted gross profit per barrel $              7.22 $              4.95 $              110.00 $              168.55 $                  4.82 $                  1.24   specialty products and solutions performance brands montana/renewables year ended december 31, year ended december 31, year ended december 31, 2021 2020 2021 2020 2021 2020 (dollars in millions, except per barrel data) gross profit $              62.6 $              18.7 $                  68.3 $                  79.6 $                  12.0 $                    0.8 adjusted gross profit $            130.3 $            146.2 $                  67.3 $                  84.0 $                  52.5 $                  61.5 adjusted ebitda $            104.6 $            151.0 $                  33.8 $                  61.1 $                  44.4 $                  71.4 gross profit per barrel $              3.40 $              0.90 $              135.25 $              157.94 $                  1.20 $                  0.08 adjusted gross profit per barrel $              7.08 $              7.03 $              133.27 $              166.67 $                  5.23 $                  5.89 strategic update: since the beginning of the fourth quarter, calumet has raised $675 million of outside capital, allowing the company to carve out, capitalize, and stand up mrl while redeeming all 2022 and 2023 maturities.
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