Calumet Specialty Products Partners, L.P. Gross Profit | CLMT

Gross profit is a key indicator of how efficiently a company produces or sells its products. This metric helps assess a business’s ability to generate revenue at the initial stage, before accounting for all other expenses. Regular analysis of gross profit allows companies to respond in a timely manner to changes in cost of goods, pricing strategy, and market conditions.

Calculation formula:
Gross Profit = Revenue – Cost of Goods Sold (COGS)

Revenue — all cash inflows from the sale of goods or services.
Cost of Goods Sold — direct costs related to the production or acquisition of goods:

Raw materials and supplies

Wages of production personnel

Depreciation of equipment

Transportation and warehousing costs (if directly related to production)

Importance for business:

Assessing core business profitability
If gross profit is declining, it may indicate rising production costs or falling sales.
Financial planning
Gross profit is the basis for calculating other key metrics, such as operating and net profit.
Benchmarking against competitors
Gross profit analysis helps compare the efficiency of different companies within the same industry.
Insights into pricing effectiveness
If gross profit is low, the company may be pricing too low or failing to control costs effectively.

Reasons for a decline in gross profit:

Increase in raw material and supply costs
Rising production expenses
Price reductions due to competition
Decrease in sales volume
Currency exchange rate fluctuations (for imports/exports)

Gross profit is an important metric, but it does not provide a complete picture of a company’s financial health, as it does not account for administrative and selling expenses, taxes, debt burden, or depreciation.

Annual Gross Profit Calumet Specialty Products Partners, L.P.

2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
452 M	352 M	143 M	99.1 M	452 M	95.8 M	498 M	386 M	536 M	530 M	410 M	513 M	274 M	199 M	173 M	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
536 M	95.8 M	341 M

Quarterly Gross Profit Calumet Specialty Products Partners, L.P.

2024-Q1	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
78.5 M	262 M	71.4 M	96.7 M	-	139 M	144 M	32.7 M	-	133 M	19.1 M	-42 M	-	44.6 M	89.3 M	54.3 M	90.8 M	118 M	107 M	136 M	95.8 M	104 M	123 M	113 M	97.3 M	152 M	160 M	140 M	72.5 M	110 M	131 M	86.2 M	31.9 M	165 M	203 M	195 M	123 M	183 M	99 M	125 M	112 M	62.1 M	101 M	134 M	142 M	158 M	129 M	84.2 M	80.1 M	96.6 M	50.6 M	46.9 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
262 M	-42 M	108 M

Gross Profit of other stocks in the Oil gas drilling industry

Issuer	Gross Profit	Price	% 24h	Market Cap	Country
Роснефть ROSN	8.49 T	-	-	-	Russia
Башнефть BANE	862 B	-	-	-	Russia
РН Западная Сибирь CHGZ	608 K	-	-	-	Russia
Славнефть Мегионнефтегаз MFGS	-20.4 B	-	-	-	Russia
РуссНефть RNFT	66.5 B	-	-	-	Russia
Газпром нефть SIBN	3.09 T	-	-	-	Russia
Варьеганнефтегаз VJGZ	1.51 B	-	-	-	Russia
ЯТЭК YAKG	4.03 B	-	-	-	Russia
ГАЗПРОМ GAZP	6.44 T	-	-	-	Russia
ЛУКОЙЛ LKOH	1.09 T	-	-	-	Russia
НОВАТЭК NVTK	580 B	-	-	-	Russia
Сургутнефтегаз SNGS	526 B	-	-	-	Russia
Татнефть TATN	1.27 T	-	-	-	Russia
Whiting Petroleum Corporation WLL	247 M	-	-10.53 %	$ 2.97 B	USA
Laredo Petroleum LPI	313 M	-	0.18 %	$ 835 M	USA
SilverBow Resources SBOW	92.2 M	-	-	$ 861 M	USA
Amplify Energy Corp. AMPY	20.6 M	$ 4.45	-3.05 %	$ 180 M	USA
ConocoPhillips COP	9.31 B	$ 151.51	0.47 %	$ 190 B	USA
California Resources Corporation CRC	1.33 B	$ 54.65	0.22 %	$ 4.75 B	USA
PEDEVCO Corp. PED	-4.88 M	$ 15.43	3.35 %	$ 71.2 M	USA
Devon Energy Corporation DVN	714 M	$ 51.63	0.46 %	$ 32.6 B	USA
VAALCO Energy EGY	39.7 M	$ 6.51	-0.76 %	$ 677 M	USA
EQT Corporation EQT	355 M	$ 54.85	-1.41 %	$ 33.5 B	USA
Diamondback Energy FANG	1.69 B	$ 207.1	0.66 %	$ 59.9 B	USA
Antero Resources Corporation AR	316 M	$ 41.61	3.61 %	$ 12.9 B	USA
New Concept Energy GBR	-96 K	$ 0.66	-1.74 %	$ 3.39 K	USA
Genie Energy Ltd. GNE	125 M	$ 16.92	1.26 %	$ 445 M	USA
GeoPark Limited GPRK	151 M	$ 11.16	-5.26 %	$ 575 M	Bermuda
Gran Tierra Energy GTE	73.6 M	$ 11.49	-2.05 %	$ 407 M	Canada
Abraxas Petroleum Corporation AXAS	43 M	-	-65.98 %	$ 10.3 M	USA
Brigham Minerals MNRL	36.5 M	-	-2.97 %	$ 1.97 B	USA
Battalion Oil Corporation BATL	40.4 M	$ 0.86	0.59 %	$ 14.2 M	USA
Matador Resources Company MTDR	317 M	$ 60.11	0.25 %	$ 7.49 B	USA
Murphy Oil Corporation MUR	1.06 B	$ 44.27	-0.17 %	$ 6.34 B	USA
Mexco Energy Corporation MXC	970 K	$ 10.18	1.5 %	$ 20.8 M	USA
Nabors Industries Ltd. NBR	1.11 B	$ 82.22	1.47 %	$ 1.08 B	Bermuda
NextDecade Corporation NEXT	196	$ 6.35	0.97 %	$ 1.66 B	USA
Barnwell Industries BRN	18.3 M	$ 0.88	-0.33 %	$ 8.85 M	USA
Ovintiv OVV	3.42 B	$ 72.75	0.66 %	$ 18.7 B	Canada
Occidental Petroleum Corporation OXY	6.7 B	$ 64.04	-0.2 %	$ 62.5 B	USA
Precision Drilling Corporation PDS	36 M	$ 98.89	4.88 %	$ 1.32 B	Canada
PrimeEnergy Resources Corporation PNRG	58.4 M	$ 218.9	1.46 %	$ 363 M	USA
Pioneer Natural Resources Company PXD	2.78 B	-	-	$ 63.1 B	USA
Patterson-UTI Energy PTEN	-307 M	$ 12.25	2.34 %	$ 4.7 B	USA
Ring Energy REI	80.9 M	$ 1.39	-3.15 %	$ 285 M	USA
Transocean Ltd. RIG	2.37 B	$ 6.55	2.11 %	$ 6.29 B	Schweiz
Range Resources Corporation RRC	1.52 B	$ 53.54	17.61 %	$ 12.7 B	USA
SandRidge Energy SD	-2.04 M	$ 14.77	0.03 %	$ 543 M	USA
SM Energy Company SM	265 M	$ 40.04	-0.17 %	$ 4.6 B	USA
TransGlobe Energy Corporation TGA	19.2 M	-	-	$ 371 M	Canada