Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Partnership") will report earnings for the quarter ended March 31, 2007 on Tuesday, May 8, 2007.
In addition, the Partnership announced today that the Board of Directors of the Partnership's general partner approved a quarterly cash distribution of $0.60 per unit for the quarter ended March 31, 2007. The distribution will be paid on May 15, 2007 to unitholders of record as of the close of business on May 5, 2007. This quarterly distribution equates to a $2.40 per unit distribution on an annual basis.
A conference call is scheduled for 1:30 p.m. ET (12:30 a.m. CT) Wednesday, May 9, 2007, to discuss the financial and operational results for the first quarter of 2007. Anyone interested in listening to the presentation may call 800-573-4752 and enter passcode 75182620. For international callers, the dial- in number is 617-224-4324 and the passcode is 75182620.
The telephonic replay is available in the United States by calling 888-286-8010 and entering passcode 17994392. International callers can access the replay by calling 617-801-6888 and entering passcode 17994392. The replay will be available beginning Wednesday, May 9, 2007, at approximately 3:30 p.m. until Wednesday, May 23, 2007.
A web cast 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 three plants located in northwest Louisiana.
Forward Looking Statement
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 success of the Partnership's risk management activities; the availability of, and the Partnership's ability to consummate, acquisition or combination opportunities; 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 rating 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, counter parties; the impact of crude oil price fluctuations; the impact of current and future laws, rulings and governmental regulations; shortages or cost increases of power supplies, natural gas, materials or labor; weather interference with business operations or project construction; 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 Form 10-Q 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.
FCMN Contact: firstname.lastname@example.org
SOURCE: 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/