2Q Tough on Calumet


Calumet Specialty Products Partners posted $7.8 million in operating income for the quarter ending June 30, down 88.2 percent from $65.7 million a year earlier. Sales reached $1.4 billion, up 27.3 percent from 2012s second quarter.

Its second quarter results were adversely impacted by several factors, Indianapolis-based Calumet said, including a planned 45-day turnaround at its Wisconsin refinery, a decline in fuel products margins compared to a year earlier, a narrowing in the discount between NYMEX West Texas Intermediate crude oil and other feedstocks, and lower prices on select specialty products.

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Second quarter specialty products sales volumes reached 41,146 barrels per day, down 2.8 percent from 2012s second quarter. Calumets second quarter specialty products segment sales volumes included 13,642 b/d of lubricating oils, 9,465 b/d of solvents, 1,308 b/d of waxes and 2,271 b/d of packaged and synthetic specialty products.

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