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CLMT Reduces Capital Spending Significantly in 2016


Dec. 4 2020, Updated 10:52 a.m. ET

Spending cut

For the full year 2016, Calumet Specialty Products Partners (CLMT) anticipates total capital expenditures to be $125 million–$135 million. This is at the lower end of its previous guidance. The 2016 expected capital spending is less than a third of the $425 million spent in 2015.

Through the first three quarters of 2016, CLMT’s total capital spending was $97.9 million, down 71% compared to the same period in 2015. The above graph shows CLMT’s capital expenditures over the last five years.

For more analysis on MLPs, you can refer to our Master Limited Partnerships page.

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