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

Net loss of $15.3 million, or $(0.19) per unit, for the second quarter 2022 second quarter adjusted ebitda of $175.8 million completed montana renewables financing, highlighting a $2.25 billion mrl enterprise value super-cycle margin environment highlights benefits of integrated specialty business indianapolis , aug. 5, 2022 /prnewswire/ -- calumet specialty products partners, l.p. (nasdaq: clmt) (the "partnership," "calumet," "we," "our" or "us"), today reported results for the second quarter ended june 30, 2022, as follows: three months ended june 30, six months ended june 30, 2022 2021 2022 2021 (dollars in millions, except per unit data) net loss $                (15.3) $                (78.4) $              (110.8) $              (224.5) net loss per unit $                (0.19) $                (0.97) $                (1.37) $                (2.79) adjusted ebitda $                175.8 $                  32.3 $                199.1 $                  26.9   specialty products and solutions performance brands montana/renewables three months ended june 30, three months ended june 30, three months ended june 30, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit (loss) $              88.1 $                7.7 $                  14.2 $                  16.4 $                  41.6 $                   (5.0) adjusted gross profit $            144.0 $              38.0 $                  14.6 $                  16.6 $                  74.0 $                  15.8 adjusted ebitda $            123.5 $              31.8 $                    3.7 $                    7.3 $                  68.6 $                  12.8 gross profit (loss) per barrel $            15.72 $              1.55 $             100.00 $             123.31 $                16.12 $                (1.93) adjusted gross profit per barrel $            25.69 $              7.65 $             102.82 $             124.81 $                28.67 $                  6.11   specialty products and solutions performance brands montana/renewables six months ended june 30, six months ended june 30, six months ended june 30, 2022 2021 2022 2021 2022 2021 (dollars in millions, except per barrel data) gross profit (loss) $            105.8 $             (30.6) $                  27.5 $                  39.9 $                  43.3 $                (32.2) adjusted gross profit $            179.4 $              42.5 $                  28.5 $                  40.8 $                  85.9 $                  15.4 adjusted ebitda $            151.6 $              29.6 $                    9.0 $                  23.3 $                  77.6 $                  10.8 gross profit (loss) per barrel $              9.51 $             (3.51) $             100.00 $             145.62 $                  8.54 $                (6.33) adjusted gross profit per barrel $            16.13 $              4.87 $             103.64 $             148.91 $                16.95 $                  3.03   "today is a special day at calumet as we announce a record financial quarter and a transformational equity investment that places a $2.25 billion enterprise value on montana renewables," said todd borgmann, ceo.
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