Calumet Specialty Products Partners LP (NASDAQ: CLMT) reported a third-quarter FY23 sales decline of 1.3% year-over-year to $1.15 billion, beating the consensus of $1.04 billion.
CLMT reported net income per unit of $1.26, beating the consensus of 26 cents.
Adjusted EBITDA was $75.5 million compared to $127 million a year ago, margin contracted to 6.6% from 10.9% in 3Q22.
The Q3 was driven by a supportive market and strong commercial execution, partially offset by transient operational issues in Shreveport and Montana MRL hydrogen steam drum replacement installed.
Specialty Products and Solutions' adjusted EBITDA was $38.7 ...