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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sales $ 1,133.7 $ 1,017.8 $ 2,139.5 $ 2,055.1
Cost of sales 1,069.9 946.3 1,997.2 1,887.0
Gross profit 63.8 71.5 142.3 168.1
Operating costs and expenses:        
Selling 15.1 15.5 28.8 29.0
General and administrative 37.5 25.7 60.8 62.8
Other operating expense 5.0 5.2 10.2 8.2
Operating income 6.2 25.1 42.5 68.1
Other income (expense):        
Interest expense (56.8) (55.8) (117.6) (105.0)
Gain (loss) on derivative instruments 11.3 14.3 (5.6) 39.8
Other income (expense) 0.7 (5.5) 0.7 (5.7)
Total other expense (44.8) (47.0) (122.5) (70.9)
Net loss before income taxes (38.6) (21.9) (80.0) (2.8)
Income tax expense 0.5 0.4 0.7 0.9
Net loss (39.1) (22.3) (80.7) (3.7)
Less:        
General partners' interest in net loss (0.8) (0.5) (1.6) (0.1)
Net loss available to limited partners $ (38.3) $ (21.8) $ (79.1) $ (3.6)
Weighted average limited partner units outstanding:        
Basic 80,555,587 80,152,648 80,453,995 79,992,637
Diluted 80,555,587 80,152,648 80,453,995 79,992,637
Limited partners' interest basic and diluted net loss per unit:        
Limited partners' interest basic net loss per unit $ (0.48) $ (0.27) $ (0.98) $ (0.05)
Limited partners' interest diluted net loss per unit $ (0.48) $ (0.27) $ (0.98) $ (0.05)