Calumet Inc DE
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended June 30, · Six Months Ended June 30, | ||||||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||||||
| · (In millions, except unit and per unit data) | ||||||||||||
| | | | | | | (As Restated) | | | | | | (As Restated) |
| Sales | | $1,133.7 | | $1,017.8 | | $2,139.5 | | $2,055.1 | ||||
| Cost of sales | | | 1,069.9 | | 946.3 | | | 1,997.2 | | 1,887.0 | ||
| Gross profit | | | 63.8 | | 71.5 | | | 142.3 | | 168.1 | ||
| Operating costs and expenses: | | | | | | | | | | | | |
| Selling | | | 15.1 | | 15.5 | | | 28.8 | | 29.0 | ||
| General and administrative | | | 37.5 | | 25.7 | | | 60.8 | | 62.8 | ||
| Other operating expense | | | 5.0 | | 5.2 | | | 10.2 | | 8.2 | ||
| Operating income | | | 6.2 | | 25.1 | | | 42.5 | | 68.1 | ||
| | | | | | | | | | | | | |
| Other income (expense): | | | | | | | ||||||
| Interest expense | | | (56.8) | | (55.8) | | | (117.6) | | (105.0) | ||
| Gain (loss) on derivative instruments | | | 11.3 | | 14.3 | | | (5.6) | | 39.8 | ||
| Other income (expense) | | | 0.7 | | (5.5) | | | 0.7 | | (5.7) | ||
| Total other expense | | | (44.8) | | (47.0) | | | (122.5) | | (70.9) | ||
| Net loss before income taxes | | | (38.6) | | (21.9) | | | (80.0) | | (2.8) | ||
| Income tax expense | | | 0.5 | | 0.4 | | | 0.7 | | 0.9 | ||
| Net loss | | $(39.1) | | $(22.3) | | $(80.7) | | $(3.7) | ||||
| Allocation of net loss to partners: | | | | | ||||||||
| Net loss attributable to partners | | $(39.1) | | $(22.3) | | $(80.7) | | $(3.7) | ||||
| Less: | | | | | ||||||||
| General partners’ interest in net loss | | (0.8) | | (0.5) | | (1.6) | | (0.1) | ||||
| Net loss available to limited partners | | $(38.3) | | $(21.8) | | $(79.1) | | $(3.6) | ||||
| Weighted average limited partner units outstanding: | | | | | ||||||||
| Basic and diluted | | 80,555,587 | | 80,152,648 | | 80,453,995 | | 79,992,637 | ||||
| Limited partners’ interest basic and diluted net loss per unit: | | | | | ||||||||
| Limited partners’ interest | | $(0.48) | | $(0.27) | | $(0.98) | | $(0.05) | ||||
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