Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Q1 2024 Earnings Conference Call May 10, 2024 9:00 AM ET

Company Participants

John Kompa - Investor Relations
Todd Borgmann - Chief Executive Officer
David Lunin - Chief Financial Officer
Bruce Fleming - Executive Vice President, Montana/Renewables & Corporate Development

Conference Call Participants

Roger Read - Wells Fargo
Saumya Jain - UBS
Gregg Brody - Bank of America
Jason Gabelman - TD Cowen
Neil Mehta - Goldman Sachs
Amit Dayal - H.C. Wainwright

Operator

Good morning everyone and welcome to the Calumet Specialty Products Partners LP First Quarter 2024 Results Conference Call. [Operator Instructions] Please also note, today's event is being recorded.

At this time, I'd like to turn the floor over to John Kompa, Investor Relations for Calumet. Sir, please go ahead.

John Kompa

Good morning. Thank you, Jamie and thank you for joining us today for our first quarter 2024 earnings call. With me on today's call are Todd Borgmann, CEO; David Lunin, CFO; Bruce Fleming, EVP Montana/Renewables and Corporate Development; and Scott Obermeier, EVP Specialties.

You may now download the slides that accompany remarks made on today's conference call which can be accessed in the Investor Relations section of our website at calumat.com. Also, a webcast replay of this call will be available on our site within a few hours.

Turning to the presentation on Slide 2 and 3, you can find our cautionary statements and tax disclosures. I'd like to remind everyone that during this call, we may provide various forward-looking statements. Please refer to the partnership's press release that was issued this morning as well as our latest filings with the SEC for a list of factors that may affect our actual results and cause them to differ from our expectations.

With that, I'll now pass the call to Todd.

Todd Borgmann

Thanks, John and welcome to Calumet's first quarter 2024 earnings call. We have a number of items to discuss today as we enter what we expect to be a spring and summer full of strategic value-creating catalyst here at Calumet.

Let's turn to Slide 4 and I'll start with an update on our C-Corp conversion. In short, the conversion remains on track and we are optimistic that we'll complete the process in the next 60 days. This process has moved quickly and I'm thankful to the general partner, conflicts committee, employees, attorneys and everyone else involved for a thorough negotiation and efficient process to-date. During the first quarter, we announced the completion of the conversion agreement. We filed the S-4 with the SEC. And upon final feedback, we'll distribute the proxy and schedule an investor vote. We continue to be optimistic about the opportunity this conversion provides for Calumet and our unitholders.