Calumet Inc is a diversified specialty petroleum and petrochemical company that primarily focuses on producing and marketing a wide range of high-quality performance products
The company operates various refineries and facilities, allowing it to create products such as lubricants, waxes, and solvents, which cater to different industries including automotive, agricultural, and personal care. In addition to its manufacturing capabilities, Calumet also engages in the storage and transportation of petroleum products, supporting its extensive distribution network. With a commitment to sustainability and innovation, Calumet aims to provide effective solutions and enhance performance for its customers through its unique product offerings.
Shares of Calumet and Gevo are on the move in extended trading Wednesday after the companies received conditional commitments from the U.S. Department of Energy (DOE).
Calumet reported Q4 sales decline of 2.3%, beating consensus. Gross profit down 38.3%. Plans to convert to C-Corp by 2024. Montana Renewables returned to normal operations in December.
Companies Reporting Before The Bell • Fomento Economico (NYSEFMX) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
U.S. stocks traded higher, with the Dow Jones gaining around 100 points on Wednesday. Shares of HP Inc. (NYSEHPQ) gained during Wednesday’s session following quarterly results.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 250 points on Friday. The Dow traded up 1.55% to 33,642.02 while the NASDAQ rose 2.21% to 12,231.41. The S&P 500, also rose, gaining, 1.83% to 4,135.59.
