Calumet Specialty Products

Latest Calumet Specialty Products News and Updates

  • uploads///IV Integrated
    Miscellaneous

    Integrated Energy and Refiner Stocks with High Implied Volatility

    As of November 8, 2016, Alon USA Partners (ALDW) had the highest implied volatility among the integrated energy and refining companies in this series.

    By Rabindra Samanta
  • uploads///institutional ownership
    Company & Industry Overviews

    Are Institutional Investors Bullish on Calumet Specialty?

    Heritage Group and Calumet are the top two investors in Calumet Specialty Products Partners (CLMT).

    By Rekha Khandelwal, CFA
  • uploads///weakest mlps
    Energy & Utilities

    NBLX, WGP, CLMT, CVRR: The Weakest MLPs in the Third Quarter

    Noble Midstream Partners (NBLX) stock fell significantly in August and September as Initiative 97 was started and then made it onto the Colorado ballot as Proposition 112.

    By Rekha Khandelwal, CFA
  • uploads///Gains
    Energy & Utilities

    Downstream MLPs among Top MLP Gainers Last Week

    US downstream MLPs, including Calumet Specialty Products Partners (CLMT), Alon USA Partners (ALDW), and CVR Refining (CVRR), were among the top five MLP gainers last week.

    By Kurt Gallon
  • uploads///refining mlps surged after trump win
    Company & Industry Overviews

    Refining MLPs Surge after Trump’s Victory: Which One Looks Best?

    Alon USA Partners (ALDW), CVR Refining (CVRR), and Calumet Specialty Products Partners (CLMT) have surged 17%, 22%, and 31%, respectively, since the start of November 2016.

    By Rekha Khandelwal, CFA
  • uploads///Gains
    Energy & Utilities

    These MLPs Rose More than 6.0% in the Week Ended September 29

    Upstream MLPs EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) rose 17.6%, 13.7%, and 11.8%, respectively, in the week ended September 29.

    By Kurt Gallon
  • uploads///weekly US crude oil production
    Energy & Utilities

    Why Is US Crude Oil Production at a 2-Year High?

    The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 79,000 bpd or 0.83% to 9,502,000 bpd on August 4–11, 2017.

    By Gordon Kristopher
  • uploads///RETURN
    Miscellaneous

    Integrated Energy and Refiner Stocks’ Returns and Volatilities

    In the last five days, China Petroleum & Chemical (SNP) rose the most among our integrated energy and refiner stocks with low implied volatilities.

    By Rabindra Samanta
  • uploads///Top gainers
    Materials

    The Top MLP Winners of 2017

    The top three MLP gainers in 2017 were downstream MLPs Calumet Specialty Products Partners (CLMT), Alon USA Partners (ALDW), and CVR Refining (CVRR).

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Last Week’s Worst-Performing MLPs

    Upstream MLPs including EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) were among the top MLP losers last week.

    By Kurt Gallon
  • uploads///refinery inputs
    Macroeconomic Analysis

    Why Did Crude Oil Refinery Inputs Fall in the Week of June 26?

    US crude oil refinery inputs averaged ~16.5 million barrels per day (or MMbpd) during the week ended June 26.

    By Keisha Bandz
  • uploads///Gains
    Materials

    Best-Performing MLPs in the Week Ended July 13

    CVR Partners (UAN) rallied 9.7% in the week ended July 13, making it the top MLP gainer for the week.

    By Kurt Gallon
  • uploads///clmts high leverage
    Company & Industry Overviews

    Calumet’s High Leverage: A Key Concern for Investors

    Currently, Calumet Specialty Products Partners’ (CLMT) net debt-to-equity ratio stands at an alarmingly high level of 4.1x.

    By Rekha Khandelwal, CFA
  • uploads///IV
    Miscellaneous

    Why Is the Crack Spread Fueling Volatility in Refining Stocks?

    As of October 6, 2016, Calumet Specialty Products Partners had the highest implied volatility among our list of integrated energy and refining companies.

    By Rabindra Samanta
  • uploads///anr
    Energy & Utilities

    Teekay Offshore Partners’ Upgrade Last Week

    Teekay Offshore Partners (TOO) was the only MLP to see a rating update last week. Let’s take a closer look.

    By Kurt Gallon
  • uploads///Gains
    Energy & Utilities

    MLP Winners Last Week

    Ferrellgas Partners (FGP), the MLP involved mainly in wholesale and retail propane distribution, was the top MLP gainer last week.

    By Kurt Gallon
  • uploads///
    Energy & Utilities

    WTI-Bakken spread widened out last week, but still within $5/barrel range

    Last week, Bakken differentials to WTI widened by $1/barrel as a refinery using Bakken crude in its slate went down for maintenance.

    By Ingrid Pan
  • uploads///featured image
    Materials

    CVR Refining Stock Up 7% in After-Hours Trading

    CVR Refining (CVRR) reported its third-quarter results on October 24 after the markets closed. The stock rose 7.2% in after-hours trading yesterday.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Energy & Utilities

    CVR Refining Has Fallen 13% This Year: What’s Ahead

    In this series, we’ll look at CVR Refining’s recent performance and analyze its key indicators.

    By Rekha Khandelwal, CFA
  • uploads///Gains
    Materials

    Last Week’s Top MLP Gainers: Calumet and More

    Calumet Specialty Products Partners (CLMT), a downstream MLP involved in the production of specialty fuels, was the top MLP gainer last week.

    By Kurt Gallon
  • uploads///p
    Energy & Utilities

    Energy Stocks Outdid Oil and the Broader Market Last Week

    On March 2–9, 2018, oilfield services stock Superior Energy Services (SPN) rose the most on our list of energy stocks.

    By Rabindra Samanta
  • uploads///CVRR
    Company & Industry Overviews

    Is CVR Refining’s 14% Yield Really Attractive?

    Based on its latest quarterly distribution annualized, CVR Refining (CVRR) is trading at a yield of ~14%.

    By Rekha Khandelwal, CFA
  • uploads///Loss
    Energy & Utilities

    Last Week’s Biggest MLP Losers: SMLP and More

    Summit Midstream Partners (SMLP), a midstream MLP mainly involved in crude oil gathering and processing and crude oil gathering, was the biggest MLP loser last week.

    By Kurt Gallon
  • uploads///featured image
    Earnings Report

    CVR Refining Announced Its 4Q17 Distribution of $0.45

    CVR Refining’s adjusted EBITDA for 4Q17 rose to $76.4 million from $27.7 million in 4Q16.

    By Rekha Khandelwal, CFA
  • uploads///Loss
    Materials

    Top MLP Losers in Week Ended January 5

    Foresight Energy (FELP) was the top MLP loser last week. It fell 3.8% in a single trading session on Friday, January 5, 2018.

    By Kurt Gallon
  • uploads///whats behind arcxs recent rise
    Company & Industry Overviews

    Could These Top MLP Gainers Have Further Upside Potential?

    Arc Logistics Partners Arc Logistics Partners (ARCX) ranked last in the list of top ten MLP gainers in 2017. ARCX has risen nearly 3% year-to-date, whereas the Alerian MLP Index has fallen ~15%. It is also the third MLP in the list that is about to be acquired—the other two are Alon USA Partners (ALDW) and […]

    By Rekha Khandelwal, CFA
  • uploads///Loss
    Materials

    Top MLP Losers for Week Ended November 10

    EV Energy Partners (EVEP), an upstream MLP, was the biggest MLP loser last week, which ended on November 10, 2017. EVEP fell 25.5%.

    By Kurt Gallon
  • uploads///p
    Energy & Utilities

    These Stocks Were Biggest Losers in Energy Sector Last Week

    In the week ended November 10, 2017, upstream stock Cobalt International Energy (CIE) ranked first on our list of top energy losers.

    By Rabindra Samanta
  • uploads///net debt to capital
    Earnings Report

    Calumet Specialty Expects Lower Capital Spending in 2018

    According to Calumet Specialty Products Partners (CLMT), its pro forma net debt-to-total capital ratio after selling the Superior refinery is 76%.

    By Rekha Khandelwal, CFA
  • uploads///Gains
    Materials

    Last Week’s Top MLP Gainers

    CVR Partners (UAN), the MLP mainly involved in the production of nitrogen fertilizers, was the top MLP gainer last week. CVR Partners rose 7.7%.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Leading MLP Losers in Week Ended September 8

    USD Partners (USDP), which owns, acquires, and develops crude oil by rail terminals, was the top MLP loser last week. It fell 17.4%.

    By Kurt Gallon
  • uploads///performance by subgroup
    Miscellaneous

    Which MLP Subgroups Were the Biggest Losers during May 2017?

    Marine transportation MLPs fell ~13.5% during May 2017.

    By Kurt Gallon
  • uploads///integrated energy and refiners IV
    Energy & Utilities

    Integrated Energy Companies and Refiners with High Implied Volatility

    As of August 11, 2016, Alon USA Energy (ALJ) has the highest implied volatility among integrated energy companies and refiners.

    By Rabindra Samanta
  • uploads///U
    Macroeconomic Analysis

    Lower Gasoline Demand Sent Prices Down

    According to the EIA’s Weekly Petroleum Status report, US gasoline demand was 8.9 MMbpd (million barrels per day) for the week ended January 22.

    By Manu Milan
  • uploads///refinery inputs
    Macroeconomic Analysis

    US Refinery Inputs Up in Week Ended October 30

    In its weekly report on November 4, 2015, the EIA reported that US crude oil refinery inputs averaged more than 15.6 MMbpd during the week ended October 30. This was a rise of 21,000 bpd.

    By Keisha Bandz
  • uploads///YMLP returns
    Macroeconomic Analysis

    All Major MLP Securities Gained Last Week, but YMLP Fell

    The Yorkville High Income MLP ETF (YMLP) fell 1.5% in the week ended October 2. For context, the broad market SPDR S&P 500 ETF (SPY) rose 1.1%, and the Energy Select Sector SPDR ETF (XLE) rose 2.4%.

    By Rekha Khandelwal, CFA
  • uploads///YMLP returns
    Macroeconomic Analysis

    YMLP Outperformed Broad-Market ETF SPY in Week Ended August 14

    The Yorkville High Income MLP ETF (YMLP) rose 3.7% in the week ended August 14. YMLP tracks the Solactive High Income MLP Index, also called the YMLP index.

    By Rekha Khandelwal, CFA
  • uploads///ymlp returns compared to index sector and broad market
    Macroeconomic Analysis

    Why Did the YMLP ETF Fall Last Week?

    The Yorkville High Income MLP ETF (YMLP) dropped 7.69% in the week ended August 7. The broad-market SPDR S&P 500 ETF (SPY) dropped 1.2%.

    By Rekha Khandelwal, CFA
  • uploads///gasoline
    Macroeconomic Analysis

    Higher Gasoline Inventories in the Week Ended April 24

    While both gasoline production and demand decreased last week, a decrease in demand seems to have had a more pronounced effect on inventories than changes in production.

    By Keisha Bandz
  • uploads///distillate stocks
    Macroeconomic Analysis

    Slight Rise in Distillate Inventories in Week Ending April 17

    Distillates are an important group of fuels for transportation and heating purposes. Distillate demand also drives crude demand and crude prices.

    By Keisha Bandz
  • uploads///gasoline stocks
    Macroeconomic Analysis

    Gasoline Inventories Declined in the Week Ending April 17

    The EIA reported that gasoline inventories decreased by 2.1 MMbbls to ~225.7 MMbbls in the week to April 17. Analysts expected inventories to decline by 1 MMbbls.

    By Keisha Bandz
  • uploads///P RefCo
    Macroeconomic Analysis

    Calumet Specialty and PBF Energy: Top Refining Movers Last Week

    The biggest refining gainer in the week ended April 10 was Calumet Specialty Products Partners (CLMT). It gained ~8%.

    By Manas Chowgule, CFA
  • © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.