Calumet Specialty Products reports Q3 EPS ($1.18), consensus (74c) - TipRanks.com

Reports Q3 revenue $1.100B, consensus $972.12M. “Calumet continues to execute on our strategic catalysts as planned,” said Todd Borgmann, CEO. “We started the quarter with the conversion of Calumet’s structure from a MLP to a C-Corp, and in October we announced the conditional commitment of a $1.44B DOE loan guarantee. We remain confident and on-track to close the DOE loan as previously disclosed. Further, we are pleased to report significant progress towards fortifying our operations, with our specialties business achieving a new production record and Montana Renewables reaching a new SAF production high. These new operational milestones and continued execution against our strategic initiatives support our relentless focus on driving shareholder value.”

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