Actionable news
All posts from Actionable news
Actionable news in CLMT: Calumet Specialty Products Partners, L.P.,

Calumet Plunges 45% Following Dividend Suspension, Preliminary Q1 Results

Trade with confidence. Are you a professional trader? Be the first to get the alert with Benzinga Pro's real-time newsfeed and audio squawk and never miss an opportunity again.
Don't miss the chance to try it FREE today.

Shares of Calumet Specialty Products Partners, L.P CLMT 47.22%, a producer of specialty hydrocarbon products in North America, plunged more than 45 percent Monday morning following a business update.

Calumet said it expects to report a net loss between $83 million and $59 million in the first quarter of 2016, adjusted EBITDA between a ($5.0) million and $10.0 million. The company cited its poor outlook due to a "combination of lower benchmark...