Calumet Specialty Products

Calumet's 2012 profit rockets to $205.7 million

February 13, 2013
Dan Human
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
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Calumet jumps into $300 million refinery joint venture

February 7, 2013
Dan Human
Calumet Specialty Products Partners LP plans to build a $300 million diesel refinery in North Dakota as part of a joint venture with energy company MDU Resources Group Inc., the firms announced after markets closed Thursday.
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Refiner considers shipping oil via Great Lakes

January 27, 2013
Associated Press
Petroleum refiner Calumet Specialty Product Partners is exploring whether to build a crude oil loading dock on Lake Superior, near its refinery in Superior, Wis., to ship crude oil on the Great Lakes.
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Calumet Specialty buys Texas refinery for $115M

December 18, 2012
 IBJ Staff and Associated Press
Indianapolis-based Calumet Specialty Products Partners LP said Monday that it is buying NuStar's San Antonio, Texas, refinery assets for about $115 million.
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Refinery purchases bring big gains to CalumetRestricted Content

November 10, 2012
Dan Human
Better profitability in crude-oil refining has prodded Calumet Specialty Products Partners LP into a $1 billion flurry of acquisitions over the past year.
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Calumet's sales, profit boom after acquisitions

October 31, 2012
 IBJ Staff
Calumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the fuel-products side of its business following several acquisitions.
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Calumet Specialty turns big profit in second quarter

August 1, 2012
The Indianapolis-based company said Wednesday morning that profit soared to $65.7 million compared with a loss of $7.7 million in the second quarter of 2011.
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Calumet buying Royal Purple for about $335 million

June 6, 2012
Associated Press
Indianapolis-based Petroleum refiner Calumet Specialty Products Partners LP is buying high-performance lubricants maker Royal Purple Inc. of Porter, Texas, for about $335 million, the companies announced Wednesday morning.
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Calumet plans to add 48 jobs at Indianapolis headquarters

May 25, 2012
 IBJ Staff
The oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.
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Oil refiner Calumet unleashes $150M stock offeringRestricted Content

May 12, 2012
Kathleen McLaughlin
With its shares trading up more than 60 percent from the doldrums of last fall, Calumet Specialty Products Partners rolled out plans to sell another 6 million shares of stock, raising more than $150 million.
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Calumet Specialty’s revenue, profit soar in first quarter

May 2, 2012
The company's improved performance over the same period last year was mostly due to a 150-percent increase in sales volume from its acquisition of a Wisconsin refinery in September.
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Calumet Specialty revenue, profit jump after acquisition

February 15, 2012
Indianapolis-based Calumet Specialty Products Partners LP said Wednesday morning that a major refinery acquisition helped company revenue and profit soar in the fourth quarter as compared to the same period in 2010.
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Calumet Specialty Products buys synthetic lubricant businessRestricted Content

January 14, 2012
 IBJ Staff
The purchase included 22 acres of land and a factory in Louisiana, Mo.
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Calumet turns profit on higher product demand

May 4, 2011
The Indianapolis-based company reported first-quarter profit of $4.2 million after posting a loss in the year-ago period.
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Calumet Specialty hopes to raise $375M to pay off debt

April 12, 2011
Kathleen McLaughlin
Indianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing debt.
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Fourth-quarter earnings improve at Calumet

February 16, 2011
Kathleen McLaughlin
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
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City commission set to approve refinery plans

November 3, 2010
The Metropolitan Development Commission is expected Wednesday afternoon to approve Heritage-Crystal Clean Inc.'s plan to build its first used oil re-refinery, on West 10th Street. The project is estimated to cost $40 million and should create 55 jobs by 2013.
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PROXY CORNER: Calumet Specialty Products Partners LP

September 18, 2010
 IBJ Staff
Indianapolis-based Calumet Specialty Products Partners LP processes crude oil into customized lubricating oils, solvents and waxes, as well as into gasoline, diesel and jet fuel.
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Calumet see smaller loss in second quarter

August 4, 2010
 IBJ Staff
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year, the company lost $26 million.
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Calumet Specialty plans to sell $450 million of debt

July 12, 2010
 IBJ Staff and Bloomberg News
The Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will be used to repay bank debt.
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Whopping dividend puts obscure oil refiner in spotlightRestricted Content

June 12, 2010
Greg Andrews
The financial underpinnings for the current quarterly dividend—45.5 cents per share—seem less than sturdy.
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Reduced production drives Calumet to a loss

May 5, 2010
 IBJ Staff
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
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Calumet wins $132M federal defense contract

April 27, 2010
The one-year agreement calls for the Indianapolis-based company to supply aviation fuel to the Defense Energy Support Center in Virginia.
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Calumet's quarterly profit shrinks on higher oil prices

February 17, 2010
Indianapolis-based Calumet Specialty Products reported a profit of $8.2 million in the fourth quarter, a 56-percent decrease from the same period a year ago.
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Calumet Specialty investigating cause of Louisiana explosion

February 8, 2010
Bloomberg News
Indianapolis-based Calumet Specialty Products Partners LP is investigating the cause of a Friday blast at its refinery in Shreveport, La., that damaged some nearby properties.
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  1. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  2. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

  3. Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!

  4. I'm still waiting for the list of available, high quality apartments in the Village.

  5. This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.

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