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CLMT Reduces Capital Spending Significantly in 2016

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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.

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