Calumet Specialty Products Partners, L.P. (CLMT) has reported a net loss of $40.8 million in the first quarter, attributable to limited partners. This is a significant shift from the previous year's profit of $18.2 million. Each partner's share of the net loss was $0.51, contrasted with the previous year's profit of $0.23 per share. According to a poll of seven analysts by Thomson Reuters, the anticipated loss per share was forecasted to be $0.67 for the quarter. It should be noted that analyst estimates typically do not take into account any special items.
Regarding the company's sales, they amounted to $1.01 billion, a slight drop from $1.04 billion last year. However, this figure surpasses the average analyst estimate of $900.79 million in revenue.
