Earnings Per Unit

6 Months Ended

Jun. 30, 2024

CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.

Earnings Per Unit

11. Earnings Per Unit

The following table sets forth the computation of basic and diluted earnings per limited partner unit (in millions, except unit and per unit data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023			2024		2023
			(As Restated)				(As Restated)
Numerator for basic and diluted earnings per limited partner unit:
Net loss	$	(39.1)	$	(22.3)	$	(80.7)	$	(3.7)
Less:
General partner’s interest in net loss		(0.8)		(0.5)		(1.6)		(0.1)
Net loss attributable to limited partners	$	(38.3)	$	(21.8)	$	(79.1)	$	(3.6)
Denominator for earnings per limited partner unit:
Basic and diluted weighted average limited partner units outstanding (1)		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	$	(0.48)	$	(0.27)	$	(0.98)	$	(0.05)

(1) Total diluted weighted average limited partner units outstanding excludes a de-minimis amount of potentially dilutive phantom units which would have been anti-dilutive for the three and six months ended June 30, 2024 and 2023, respectively.