Reported Earlier, Calumet Expects To Report Q3 2024 Loss Between $90M-$110M, And Adjusted EBITDA Of $45M-$55M
Portfolio Pulse from Benzinga Newsdesk
Calumet Specialty Products Partners, L.P. expects to report a Q3 2024 net loss between $90M-$110M and Adjusted EBITDA of $45M-$55M. The company estimates total liquidity of $290M as of September 30, 2024.
October 24, 2024 | 6:02 am
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Calumet Specialty Products Partners expects a significant Q3 2024 net loss and moderate Adjusted EBITDA, indicating financial challenges. Liquidity remains at $290M.
The anticipated net loss and moderate Adjusted EBITDA suggest financial difficulties for Calumet, likely impacting investor sentiment negatively. However, the liquidity position provides some buffer.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100