Movement Alert｜Calumet Specialty Products Partners LP Intraday Rise 5.41% in Regular Trading, Q3 Results Beat Expectations and Support Continued Buying

Market Focus11-12

On November 12, Calumet Specialty Products Partners LP saw an Intraday Rise of 5.41% in Regular Trading, trading at $36.805, with turnover of $9.7326 million.

The move appears tied to continued digestion of its recently released quarterly results, which came in well above market expectations on both earnings and revenue.

For the quarter ended September 30, the company reported EPS of $2.91, ahead of consensus estimates near $1.59-$1.63, while revenue reached $1.682 billion versus expectations of about $1.344 billion. Adjusted EBITDA rose to $322 million from $69.6 million a year earlier. The company also said its two core business growth drivers are accelerating, that it has repaid about $265 million of debt since July, and that it continues to advance the MaxSAF expansion plan for Montana Renewables.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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