Calumet Specialty Products Partners, L.P. Declares Increased Distribution on Limited Partner Units and Schedules First Quarter 2011 Earnings Release

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Calumet Specialty Products Partners, L.P.

Apr 08, 2011, 10:58 ET

INDIANAPOLIS, April 8, 2011 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (Nasdaq: CLMT) ("Partnership") today announced an increase in its quarterly cash distribution to $0.475 per unit ($1.90 per unit on an annualized basis) for the quarter ended March 31, 2011 on all of its outstanding limited partner units. The distribution will be payable on May 13, 2011 to holders of record of such units at the close of business on May 3, 2011. This distribution represents an increase of 1.1% over the quarterly distribution of $0.47 per unit ($1.88 per unit on an annualized basis) paid in February 2011 for the quarter ended December 31, 2010.

In addition, the Partnership will report earnings for the quarter ended March 31, 2011 on Wednesday, May 4, 2011 before the market opens.

A conference call is scheduled for 1:00 p.m. ET (12:00 p.m. CT) Wednesday, May 4, 2011 to discuss the financial and operational results for the first quarter of 2011. Anyone interested in listening to the presentation may call 866-356-4281 and enter passcode 48143421. For international callers, the dial-in number is 617-597-5395 and the passcode is 48143421.

The telephonic replay is available in the United States by calling 888-286-8010 and entering passcode 80731368. International callers can access the replay by calling 617-801-6888 and entering passcode 80731368. The replay will be available beginning Wednesday, May 4, 2011, at approximately 4:00 p.m. until Wednesday, May 18, 2011.

A webcast 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 headquartered in Indianapolis, Indiana and has five plants located in northwest Louisiana, western Pennsylvania, and southern Texas, and a blending facility located in Burnham, Illinois.

SOURCE Calumet Specialty Products Partners, L.P.