Calumet specialty products partners, l.p. reports fourth quarter and full year 2022 results

Net loss attributable to partners of $70.0 million, or $(0.86) per unit for the fourth quarter 2022 fourth quarter adjusted ebitda of $63.5 million including planned montana turnaround and december freeze successful montana renewables startup and commencement of renewable diesel sales in the fourth quarter exceptional fourth quarter specialties margin environment projected to continue into 2023 indianapolis , march 15, 2023 /prnewswire/ -- calumet specialty products partners, l.p. (nasdaq: clmt) (the "partnership," "calumet," "we," "our" or "us"), today reported results for the fourth quarter and year ended december 31, 2022, as follows: three months ended december 31, year ended december 31, 2022 2021 2022 2021 (dollars in millions, except per unit data) net loss attributable to partners $                (70.0) $                (87.1) $              (165.1) $              (260.1) net loss per unit $                (0.86) $                (1.08) $                (2.04) $                (3.23) adjusted ebitda $                  63.5 $                  24.6 $                389.6 $                110.3   specialty products and solutions performance brands montana/renewables three months ended december 31, three months ended december 31, three months ended december 31, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit (loss) $              95.9 $              19.2 $                  11.1 $                  11.8 $                (72.1) $                    1.5 adjusted gross profit (loss) $            111.6 $              34.9 $                  11.9 $                  12.1 $                (24.6) $                  11.0 adjusted ebitda $              95.7 $              28.7 $                    2.7 $                    3.7 $                (13.1) $                    9.2 gross profit (loss) per barrel $            17.01 $              3.97 $                92.50 $             107.27 $              (66.88) $                  0.66 adjusted gross profit (loss) per barrel $            19.79 $              7.22 $                99.17 $             110.00 $              (22.82) $                  4.82   specialty products and solutions performance brands montana/renewables year ended december 31, year ended december 31, year ended december 31, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit (loss) $            325.1 $              62.6 $                  55.6 $                  68.3 $                (29.9) $                  12.0 adjusted gross profit $            440.4 $            130.3 $                  57.8 $                  67.3 $                  73.0 $                  52.5 adjusted ebitda $            379.0 $            104.6 $                  20.2 $                  33.8 $                  75.8 $                  44.4 gross profit (loss) per barrel $            14.47 $              3.40 $             107.54 $             135.25 $                (4.10) $                  1.20 adjusted gross profit per barrel $            19.61 $              7.08 $             111.80 $             133.27 $                10.00 $                  5.23 "2022 was a game-changing year for calumet as montana renewables delivered many strategic milestones, and our specialties business set new financial and operational highs," said todd borgmann, ceo.
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