Private company

Calumet Specialty Products Partners, L.P.

Petroleum refining company.

Last updated Oct 18, 2026.

Overview

IndustryPetroleum Refining
Business address2780 Waterfront, Parkway E. Drive, Suite 200, Indianapolis, In 46214²
Filer categoryLarge accelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

10.8%Gross margin³

6.4%Operating margin³

1.2%Net margin³

-10.8%Revenue growth, 2023³

-$286.7MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2023

Cost of revenue

Cost of revenue89¢$3.7B
Other costs4¢$180.3M
Interest5¢$221.7M
Income tax0¢$1.6M
Profit1¢$48.1M

Out of $4.2B in revenue.³

Financial statements

Revenue⁴⁵⁶³$4.2B in 2023+11% since 2017

Gross profit⁴⁵⁶³$451.7M in 2023−9% since 2017

Operating income⁴⁵⁶³$267.2M in 2023+69% since 2017

Net income⁴⁵⁶³$48.1M in 2023

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Revenue	$3.8B⁴	$3.5B⁴	$3.5B⁵	$2.3B⁶	$3.1B³	$4.7B³	$4.2B³
Cost of revenue	$3.3B⁴	$3.1B⁴	$3.0B⁵	$2.2B⁶	$3.0B³	$4.3B³	$3.7B³
Gross profit	$498.2M⁴	$436.7M⁴	$451.7M⁵	$99.1M⁶	$142.9M³	$351.7M³	$451.7M³
Selling, general and admin				$900.0K⁵
Operating income	$158.0M⁴	$122.9M⁴	$76.3M⁵	-$71.9M⁶	-$85.6M³	$131.9M³	$267.2M³
Interest	$183.1M⁴	$155.5M⁴	$134.6M⁵	$125.9M⁶	$149.5M³	$175.9M³	$221.7M³
Income tax	-$100.0K⁴	$700.0K⁴	$500.0K⁵	$1.1M⁶	$1.5M³	$3.4M³	$1.6M³
Net income	-$103.8M⁴	-$55.1M⁴	-$43.6M⁵	-$149.0M⁶	-$260.1M³	-$173.3M³	$48.1M³

Total assets⁹⁴⁵¹⁰⁶³$2.8B in 2023+2% since 2017

Total liabilities⁹⁴⁵¹⁰⁶³$3.0B in 2023+17% since 2017

Cash⁴¹⁰⁶³$7.9M in 2023−95% since 2017

Long-term debt⁹⁴⁵¹⁰⁶³$1.8B in 2023+12% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash	$164.3M⁴	$155.7M⁴	$19.1M¹⁰	$109.4M⁶	$38.1M³	$35.2M³	$7.9M³
Current assets	$1.2B⁹	$670.0M⁴	$512.1M⁵	$534.9M¹⁰	$632.6M⁶	$819.6M³	$794.7M³
Total assets	$2.7B⁹	$2.1B⁴	$1.9B⁵	$1.8B¹⁰	$2.1B⁶	$2.7B³	$2.8B³
Current liabilities	$925.7M⁹	$415.1M⁴	$565.0M⁵	$544.5M¹⁰	$899.8M⁶	$1.4B³	$1.1B³
Long-term debt	$1.6B⁹	$1.6B⁴	$1.2B⁵	$1.3B¹⁰	$1.4B⁶	$1.5B³	$1.8B³
Total liabilities	$2.6B⁹	$2.0B⁴	$1.8B⁵	$1.9B¹⁰	$2.5B⁶	$3.0B³	$3.0B³
Shares outstanding	76.7M shares¹¹	76.9M shares¹²	77.5M shares⁹	77.8M shares⁴	78.6M shares⁵	78.7M shares¹⁰	79.8M shares⁶

Cash from operations⁴⁵⁶³-$14.9M in 2023−44% since 2017

Capital spending⁴⁵⁶³$271.8M in 2023+288% since 2017

Free cash flow⁴⁵⁶³-$286.7M in 2023+197% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash from operations	-$26.5M⁴	$75.2M⁴	$191.9M⁵	$62.8M⁶	-$44.0M³	$100.6M³	-$14.9M³
Capital spending	$70.0M⁴	$49.8M⁴	$54.9M⁵	$44.0M⁶	$82.9M³	$536.2M³	$271.8M³
Free cash flow	-$96.5M	$25.4M	$137.0M	$18.8M	-$126.9M	-$435.6M	-$286.7M

Compare Calumet Specialty Products Partners, L.P. with another company

Leadership

Who has led Calumet Specialty Products Partners, L.P., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Chief operating officer

Jennifer Straumins2011–2014

2010201520202025

Chief executive officerLouis Todd Borgmann Aug 30, 2022 to Apr 8, 2024¹³
Chief executive officerStephen P. Mawer Feb 25, 2021 to Mar 8, 2022¹⁴
Chief executive officerTimothy Go Jan 11, 2016 to Mar 17, 2020¹⁵
Chief executive officerWilliam H. Hatch Apr 3, 2015 to May 27, 2015¹⁶
Chief executive officerFerdinand William Grube Jan 25, 2006 to Mar 24, 2015¹⁷
ChairStephen P. Mawer Aug 12, 2022 to Nov 22, 2022¹⁸
ChairFred M. Fehsenfeld Jr. Jan 25, 2006 to May 5, 2011¹⁹
PresidentJennifer Straumins Jan 24, 2011 to Sep 26, 2014²⁰
PresidentFerdinand William Grube Jan 25, 2006 to Nov 16, 2010¹⁷
Chief financial officerDavid Lunin Jan 8, 2024 to Feb 23, 2024²¹
Chief financial officerVincent Donargo Feb 16, 2023 to Sep 15, 2023²²
Chief financial officerH. Keith Jennings Jan 13, 2020 to May 20, 2020²³
Chief financial officerLouis Todd Borgmann Sep 11, 2020 to Apr 20, 2022²⁴
Chief financial officerDavid West Griffin Jan 9, 2017 to Apr 3, 2019²⁵
Chief financial officerRichard Patrick Murray Ii. Jan 25, 2006 to Mar 3, 2017²⁶
Chief operating officerJennifer Straumins Jan 24, 2011 to Sep 26, 2014²⁰

Board members and other officers (26)

Chief Accounting OfficerRyan Willman May 10, 2022 to Mar 8, 2024²⁷
EVP - Performance BrandsMarc Lawn Dec 30, 2021 to Mar 3, 2023²⁸
EVP - CommercialScott Obermeier Feb 6, 2020 to Jan 22, 2024²⁹
Chief Accounting OfficerVincent Donargo Sep 11, 2020 to May 6, 2024³⁰
Chief Accounting OfficerChristopher H. Bohnert Oct 10, 2017 to May 1, 2019³¹
EVP - Strategy & GrowthBruce A. Fleming Mar 30, 2016 to Apr 8, 2024³²
EVP - OperationsEdward F. Juno Mar 31, 2015 to May 25, 2016³³
Vice chairFerdinand William Grube Feb 16, 2011 to Mar 11, 2020³⁴
Vice President - OperationsTimothy R. Barnhart Jan 7, 2010 to Mar 5, 2015³⁵
Senior Vice PresidentJennifer Straumins Feb 26, 2007 to Mar 24, 2015³⁶
VP - Sales and MarketingA. Anderson William Jan 25, 2006 to Mar 25, 2019³⁷
Executive VPAllan A. Moyes Iii. Jan 25, 2006 to Jan 4, 2011³⁸
VP - Crude Oil SupplyRobert M. Mills Jan 25, 2006 to Jan 24, 2013³⁹
Board memberJohn G. Boss Aug 8, 2022 to May 9, 2024⁴⁰
Board memberKaren A. Twitchell Aug 8, 2022 to Nov 9, 2023⁴¹
Board memberJennifer Straumins Feb 22, 2021 to Nov 9, 2023⁴²
Board memberDaniel L. Sheets Nov 8, 2018 to Nov 9, 2023⁴³
Board memberStephen P. Mawer Mar 17, 2016 to Jan 22, 2024⁴⁴
Board memberAmy M. Schumacher Sep 18, 2014 to May 9, 2024⁴⁵
Board memberDaniel J. Sajkowski Sep 18, 2014 to Nov 9, 2023⁴⁶
Board memberGeorge C. Morris Iii. May 19, 2009 to Mar 3, 2017⁴⁷
Board memberFerdinand William Grube Jan 25, 2006 to Mar 11, 2020¹⁷
Board memberNicholas J. Rutigliano Feb 2, 2006 to Sep 16, 2014⁴⁸
Board memberRobert E. Funk Feb 2, 2006 to Mar 8, 2022⁴⁹
Board memberWilliam S. Fehsenfeld Feb 2, 2006 to Sep 16, 2014⁵⁰
General counselGregory J. Morical Dec 28, 2023 to May 15, 2024⁵¹

Timeline

Aug 30, 2022New chief executive Louis Todd Borgmann becomes CEO¹³
Feb 25, 2021New chief executive Stephen P. Mawer becomes CEO¹⁴
Jan 11, 2016New chief executive Timothy Go becomes CEO¹⁵
Apr 3, 2015New chief executive William H. Hatch becomes CEO¹⁶
Jan 25, 2006New chief executive Ferdinand William Grube becomes CEO¹⁷

Recent filings

Feb 12, 2025SCHEDULE 13G/A
Aug 1, 2024S-8 POS
Aug 1, 2024S-8 POS
Aug 1, 2024S-8 POS
Aug 1, 2024S-8 POS
Aug 1, 2024S-8 POS
Aug 1, 202415-12G
Jul 10, 20248-K
Jul 5, 20248-K
Jun 7, 2024DEFM14A
May 15, 20244
May 10, 20248-K
May 10, 202410-Q
May 9, 20244
May 9, 20244

Every filing from the last three years, summarized. The full record is on SEC EDGAR.¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARCalumet Specialty Products Partners, L.P. filings on SEC EDGAR
2
SEC EDGARCalumet Specialty Products Partners, L.P. filings on SEC EDGAR
3
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2023
4
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2017
5
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2019
6
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2020
7
SEC EDGARCalumet Specialty Products Partners, L.P. 10-Q for fiscal 2023
8
SEC EDGARCalumet Specialty Products Partners, L.P. 10-Q for fiscal 2024
9
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2017
10
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2020
11
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2017
12
SEC EDGARCalumet Specialty Products Partners, L.P. 10-K for fiscal 2018
13
SEC EDGARLouis Todd Borgmann, Chief executive officer
14
SEC EDGARStephen P. Mawer, Chief executive officer
15
SEC EDGARTimothy Go, Chief executive officer
16
SEC EDGARWilliam H. Hatch, Chief executive officer
17
SEC EDGARFerdinand William Grube, Chief executive officer
18
SEC EDGARStephen P. Mawer, Chair
19
SEC EDGARFred M. Fehsenfeld Jr., Chair
20
SEC EDGARJennifer Straumins, President
21
SEC EDGARDavid Lunin, Chief financial officer
22
SEC EDGARVincent Donargo, Chief financial officer
23
SEC EDGARH. Keith Jennings, Chief financial officer
24
SEC EDGARLouis Todd Borgmann, Chief financial officer
25
SEC EDGARDavid West Griffin, Chief financial officer
26
SEC EDGARRichard Patrick Murray Ii., Chief financial officer
27
SEC EDGARRyan Willman, Chief Accounting Officer
28
SEC EDGARMarc Lawn, EVP - Performance Brands
29
SEC EDGARScott Obermeier, EVP - Commercial
30
SEC EDGARVincent Donargo, Chief Accounting Officer
31
SEC EDGARChristopher H. Bohnert, Chief Accounting Officer
32
SEC EDGARBruce A. Fleming, EVP - Strategy & Growth
33
SEC EDGAREdward F. Juno, EVP - Operations
34
SEC EDGARFerdinand William Grube, Vice chair
35
SEC EDGARTimothy R. Barnhart, Vice President - Operations
36
SEC EDGARJennifer Straumins, Senior Vice President
37
SEC EDGARA. Anderson William, VP - Sales and Marketing
38
SEC EDGARAllan A. Moyes Iii., Executive VP
39
SEC EDGARRobert M. Mills, VP - Crude Oil Supply
40
SEC EDGARJohn G. Boss, Board member
41
SEC EDGARKaren A. Twitchell, Board member
42
SEC EDGARJennifer Straumins, Board member
43
SEC EDGARDaniel L. Sheets, Board member
44
SEC EDGARStephen P. Mawer, Board member
45
SEC EDGARAmy M. Schumacher, Board member
46
SEC EDGARDaniel J. Sajkowski, Board member
47
SEC EDGARGeorge C. Morris Iii., Board member
48
SEC EDGARNicholas J. Rutigliano, Board member
49
SEC EDGARRobert E. Funk, Board member
50
SEC EDGARWilliam S. Fehsenfeld, Board member
51
SEC EDGARGregory J. Morical, General counsel