Reported Earlier, Calumet Expects To Report Q3 2024 Loss Between $90M-$110M, And Adjusted EBITDA Of $45M-$55M

Benzinga10-24

Based on preliminary data, the Company currently expects to report a net loss between $110 million and $90 million and Adjusted EBITDA between $45 million and $55 million for the third quarter 2024. For a reconciliation of the preliminary estimate of Adjusted EBITDA to preliminary estimated net loss, the most directly comparable GAAP measure, see "Non-GAAP Financial Measures" below. Further, as of September 30, 2024, the Company estimates total liquidity of approximately $290 million comprised of approximately $35 million of unrestricted cash and cash equivalents and approximately $255 million of availability under our credit facilities.

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