Calumet Specialty Products Partners(US:CLMT)2025-02-28 13:28Financial Performance - Calumet's total adjusted EBITDA for Q4 2024 was $56.6 million[6], while the full year 2024 reached $194.8 million[6] - The Specialty Products and Solutions (SPS) segment reported an adjusted EBITDA of $43.4 million in Q4 2024 and $193.6 million for the full year[6] - Performance Brands (PB) achieved an adjusted EBITDA of $16.3 million in Q4 2024 and $57.4 million for the full year[6] - Montana/Renewables (MR) segment's adjusted EBITDA was $10.9 million in Q4 2024 and $16.7 million for the full year[6]; Calumet's 86% allocation of this segment's adjusted EBITDA was $18.2 million in Q4 2024 and $24.9 million in FY 2024[6] Strategic Initiatives - Calumet successfully converted its structure to a C-Corp[6] - The company closed and funded a DOE loan[6], reducing company-wide cash debt servicing costs by approximately $80 million annually[9] - Calumet received $70 million for Restricted Group deleveraging[9] - Calumet announced a definitive agreement to sell assets related to the Royal Purple industrial business for $110 million[7] Renewables Segment - Renewable production reached 7,865 barrels per day in Q4 2024, compared to 5,441 barrels per day in Q4 2023[22] - Conventional production was 10,568 barrels per day in Q4 2024, versus 11,663 barrels per day in Q4 2023[22]