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.
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