Company News, Financial News

Falling Oil Hits Calumet’s Results

Calumet Specialty Products reports net losses in Q4 and for the full year.

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By: TOM BRANNA

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Calumet Specialty Products Partners, L.P. reported a net loss for the quarter ended December 31, 2014 of $63.5 million vs. a loss of $15.5 million in 2013. For the full year 2014, the partnership reported a net loss of $112.2 million vs. net income of $3.5 million, in 2013. Sales rose more than 7% in the fourth quarter to  $1.3 billion and improved nearly 7% to $5.7 billion on the year. “Consistently reliable refining operations and elevated specialty products margins contributed to sig...

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