Calumet posts quarterly loss

Indianapolis-based Calumet Specialty Products Partners LP lost money again last quarter, but the fuel-products refiner said it’s encouraged by signs of improved performance.

On Aug. 8, the company posted a second-quarter loss of $16.8 million, or 21 cents per share, an improvement over the loss of $51.9 million, or 65 cents per share, in the same period last year.

The company reported second-quarter revenue of $896.9 million, down from $945.5 million a year earlier.

“We remain intently focused on delivering consistent performance, driving improved profitability and free cash flow, and deleveraging our business,” CEO Timothy Go told analysts during a conference call Aug. 8.•

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