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Calumet Specialty Products
Calumet's 2012 profit rockets to $205.7 million
February 13, 2013
Dan HumanAn acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based
company reported Wednesday morning.
MoreCalumet jumps into $300 million refinery joint venture
February 7, 2013
Dan HumanCalumet 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.
MoreRefiner considers shipping oil via Great Lakes
January 27, 2013
Associated PressPetroleum 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.
MoreCalumet Specialty buys Texas refinery for $115M
December 18, 2012
IBJ Staff and Associated PressIndianapolis-based Calumet Specialty Products Partners LP said Monday that it is buying NuStar's San Antonio, Texas, refinery
assets for about $115 million.
MoreRefinery purchases bring big gains to Calumet
November 10, 2012
Dan HumanBetter profitability in crude-oil refining has prodded Calumet Specialty Products Partners LP into a $1 billion flurry of
acquisitions over the past year.
MoreCalumet's sales, profit boom after acquisitions
October 31, 2012
IBJ StaffCalumet 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.
MoreCalumet 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.
MoreCalumet buying Royal Purple for about $335 million
June 6, 2012
Associated PressIndianapolis-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.
MoreCalumet plans to add 48 jobs at Indianapolis headquarters
May 25, 2012
IBJ StaffThe oil refiner, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human
resources and information technology workers.
MoreOil refiner Calumet unleashes $150M stock offering
May 12, 2012
Kathleen McLaughlinWith 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.
MoreCalumet 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.
MoreCalumet 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.
MoreCalumet Specialty Products buys synthetic lubricant business
January 14, 2012
IBJ StaffThe purchase included 22 acres of land and a factory in Louisiana, Mo.
MoreCalumet 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.
MoreCalumet Specialty hopes to raise $375M to pay off debt
April 12, 2011
Kathleen McLaughlinIndianapolis oil-refiner Calumet Specialty Products Partners LP intends to sell $375 million in senior notes to pay off existing
debt.
MoreFourth-quarter earnings improve at Calumet
February 16, 2011
Kathleen McLaughlinCalumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
MoreCity 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.
MorePROXY CORNER: Calumet Specialty Products Partners LP
September 18, 2010
IBJ StaffIndianapolis-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.
MoreCalumet see smaller loss in second quarter
August 4, 2010
IBJ StaffThe 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.
MoreCalumet Specialty plans to sell $450 million of debt
July 12, 2010
IBJ Staff and Bloomberg NewsThe Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will
be used to repay bank debt.
MoreWhopping dividend puts obscure oil refiner in spotlight
June 12, 2010
Greg AndrewsThe financial underpinnings for the current quarterly dividend—45.5 cents per share—seem less than sturdy.
MoreReduced production drives Calumet to a loss
May 5, 2010
IBJ StaffHigh 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.
MoreCalumet 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.
MoreCalumet'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.
MoreCalumet Specialty investigating cause of Louisiana explosion
February 8, 2010
Bloomberg NewsIndianapolis-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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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.