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.
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.