Calumet Specialty Products Partners, L.P. Declares Quarterly Cash Distribution and Schedules Third Quarter 2009 Earnings Release
20 Octubre 2009 - 7:30AM
PR Newswire (US)
INDIANAPOLIS, Oct. 20 /PRNewswire-FirstCall/ -- Calumet Specialty
Products Partners, L.P. (NASDAQ:CLMT) ("Partnership") will report
earnings for the quarter ended September 30, 2009 on Wednesday,
November 4, 2009 before the market opens. In addition, the
Partnership announced today that the Board of Directors of the
Partnership's general partner has approved a quarterly cash
distribution of $0.45 per unit ($1.80 per unit on an annualized
basis) for the quarter ended September 30, 2009 on all of its
outstanding units. The distribution will be payable on November 13,
2009 to holders of record of such units at the close of business on
November 3, 2009. A conference call is scheduled for 1:00 p.m. ET
(12:00 p.m. CT) Wednesday, November 4, 2009, to discuss the
financial and operational results for the third quarter of 2009.
Anyone interested in listening to the presentation may call
866-272-9941 and enter passcode 65132315. For international
callers, the dial-in number is 617-213-8895 and the passcode is
65132315. The telephonic replay is available in the United States
by calling 888-286-8010 and entering passcode 58473570.
International callers can access the replay by calling 617-801-6888
and entering passcode 58473570. The replay will be available
beginning Wednesday, November 4, 2009, at approximately 4:00 p.m.
until Wednesday, November 18, 2009. A webcast of the earnings call
will be available on the Partnership's website at
http://www.calumetspecialty.com/. Calumet Specialty Products
Partners, L.P. (NASDAQ:CLMT) ("Calumet") is a leading independent
producer of high-quality, specialty hydrocarbon products in North
America. Calumet processes crude oil into customized lubricating
oils, solvents, and waxes used in consumer, industrial, and
automotive products. Calumet also produces fuel products including
gasoline, diesel fuel and jet fuel. Calumet is based in
Indianapolis, Indiana and has five plants located in northwest
Louisiana, western Pennsylvania, and southern Texas, and a blending
facility located in Burnham, Illinois. Forward Looking Statements
Some of the information in this release may contain forward-looking
statements. These statements can be identified by the use of
forward-looking terminology including "may," "believe," "expect,"
"anticipate," "estimate," "continue," or other similar words. These
statements discuss future expectations, contain projections of
results of operations or of financial condition, or state other
"forward-looking" information. These forward-looking statements
involve risks and uncertainties that are difficult to predict and
may be beyond our control. These risks and uncertainties include
the overall demand for specialty hydrocarbon products, fuels and
other refined products; our ability to produce specialty products
and fuels that meet our customers' unique and precise
specifications; the impact of fluctuations and rapid increases and
decreases in crude oil and crack spread prices, including the
impact on our liquidity; the results of the Partnership's hedging
and risk management activities; the availability of, and the
Partnership's ability to consummate, acquisition or combination
opportunities; labor relations; the ability of the Partnership to
comply with the financial covenants contained in its credit
facilities; the Partnership's access to capital to fund
acquisitions and its ability to obtain debt or equity financing on
satisfactory terms; successful integration and future performance
of acquired assets or businesses; environmental liabilities or
events that are not covered by an indemnity; insurance or existing
reserves; maintenance of the Partnership's credit ratings and
ability to receive open credit from its suppliers; demand for
various grades of crude oil and resulting changes in pricing
conditions; fluctuations in refinery capacity; the effects of
competition; continued creditworthiness of, and performance by,
counterparties; the impact of current and future laws, rulings and
governmental regulations; shortages or cost increases of power
supplies, natural gas, materials or labor; hurricane or other
weather interference with business operations; fluctuations in the
debt and equity markets; and general economic, market or business
conditions. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements included in this release as well as the Partnership's
most recent Form 10-K and subsequent Form 10-Qs filed with the
Securities and Exchange Commission, which could cause the
Partnership's actual results to differ materially from those
contained in any forward-looking statement. DATASOURCE: Calumet
Specialty Products Partners, L.P. CONTACT: Jennifer Straumins,
Investor Relations of Calumet Specialty Products Partners, L.P.,
+1-317-328-5660 Web Site: http://www.calumetspecialty.com/
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