Calumet Inc. logo CLMT - Calumet Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 4
HOLD 18
SELL 1
STRONG
SELL 0
| PRICE TARGET: $45.00 DETAILS
HIGH: $45.00
LOW: $45.00
MEDIAN: $45.00
CONSENSUS: $45.00
DOWNSIDE: 8.18%

Stock News

Calumet Is Quietly Ramping Up

Calumet Is Quietly Ramping Up

Calumet (CLMT) delivered a strong Q2, with adjusted EBITDA of $159M versus $116M estimates, driven by robust Specialty Brands performance and early MaxSAF production at MRL. MRL's SAF production ramp is slower than planned, but cash flow remains strong, enabling rapid debt paydown and supporting over $1/share per month in free cash generation. Valuation updates reflect higher cash generation, with a sum-of-the-parts equity value estimate of $71.5/share, factoring in conservative EBITDA and expansion upside.

Aug 12, 2026 06:46 AM • seekingalpha.com
Calumet Reports Second Quarter 2026 Results

Calumet Reports Second Quarter 2026 Results

Second Quarter 2026 net loss of $(95.9) million, or basic earnings per common share of $(1.09), driven by non-cash RINs and other mark-to-market items Second Quarter 2026 Adjusted EBITDA with Tax Attributes of $175.2 million Montana Renewables completes first phase of MaxSAF® 150 expansion; now capturing robust renewable margins Accelerated deleveraging continues with $115 million of debt retirement in July Integrated specialties platform, favorable margin environment, and strong operational execution drive exceptional Specialty Products & Solutions results  INDIANAPOLIS, Aug. 7, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") today reported its results for the second quarter ended June 30, 2026, as follows: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (In millions, except share data) Net income (loss) $          (95.9) $         (147.9) $            (412.9) $            (309.9) Basic earnings per common share $          (1.09) $           (1.70) $              (4.73) $              (3.58) Adjusted EBITDA $          159.3 $            55.1 $             186.9 $               93.2 Adjusted EBITDA with Tax Attributes $          175.2 $            76.5 $             225.3 $             131.5   Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, 2026 2025 2026 2025 2026 2025 (Dollars in millions, except per barrel data) Gross profit (loss) $           31.8 $          (14.9) $          16.9 $            22.1 $           (30.4) $         (50.8) Adjusted gross profit (loss) $         195.6 $           75.6 $          16.1 $            22.3 $            19.5 $           (2.0) Adjusted EBITDA $         161.7 $           66.8 $            6.3 $            13.5 $            10.7 $           (5.1) Adjusted EBITDA with Tax Attributes $         161.7 $           66.8 $             6.3 $            13.5 $            26.6 $          16.3 Gross profit (loss) per barrel $           5.25 $          (2.74) $         85.47 $        138.99 $        (17.67) $       (20.78) Adjusted gross profit (loss) per barrel $         32.25 $         13.81 $         81.42 $        140.25 $          11.36 $         (0.82) Specialty Products and Solutions Performance Brands Montana/Renewables Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 2026 2025 (Dollars in millions, except per barrel data) Gross profit (loss) $         (31.1) $          (48.9) $            38.0 $            44.3 $         (76.0) $        (120.4) Adjusted gross profit (loss) $         254.9 $         140.5 $            38.1 $            46.5 $          13.0 $          (10.2) Adjusted EBITDA $         206.0 $         123.1 $            18.9 $            29.3 $           (1.7) $          (18.7) Adjusted EBITDA with Tax Attributes $         206.0 $         123.1 $            18.9 $            29.3 $          36.7 $           19.6 Gross profit (loss) per barrel $         (2.60) $          (4.51) $        104.24 $        141.53 $       (21.66) $        (26.07) Adjusted gross profit (loss) per barrel $         21.36 $         12.95 $        104.51 $        148.56 $          3.65 $          (2.21) "Calumet continues to execute against every element of our multi-dimensional strategy," said Todd Borgmann, CEO. "Our integrated specialties platform delivered exceptional results in a strong margin environment, supporting $115 million of debt retirement in July.

Aug 07, 2026 03:00 AM • prnewswire.com
Calumet Issues Redemption Notice for $100 Million of 9.75% Senior Notes due 2028

Calumet Issues Redemption Notice for $100 Million of 9.75% Senior Notes due 2028

INDIANAPOLIS, July 8, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), have given notice for redemption of all of the outstanding $100 million 9.75% Senior Notes due 2028 (CUSIP Nos.

Jul 08, 2026 03:00 AM • prnewswire.com
Verifying Calumet Specialty Products' New Trajectory

Verifying Calumet Specialty Products' New Trajectory

Calumet Specialty Products (CLMT) maintains its 'strong buy' rating as EBITDA projections for the June quarter surge to $235–$280 million, far exceeding prior quarters. Key drivers include robust crack spreads, increased SAF production at MRL, cost reductions, and favorable crude price trends, supporting a 'rocket launch' in financial performance. MRL's SAF capacity expansion and improved margins are expected to deliver $50+ million EBITDA this quarter, with potential for $125–$135 million per quarter at full run-rate.

Jul 07, 2026 01:24 AM • seekingalpha.com
Calumet to Attend Wells Fargo Industrials & Materials Conference

Calumet to Attend Wells Fargo Industrials & Materials Conference

INDIANAPOLIS, June 2, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Wells Fargo Industrials & Materials Conference on Tuesday June 9 and will hold one-on-one investor meetings throughout the day. About Calumet Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets.

Jun 02, 2026 12:00 PM • prnewswire.com
Calumet to Attend Bank of America Energy and Power Credit Conference

Calumet to Attend Bank of America Energy and Power Credit Conference

INDIANAPOLIS, May 28, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Bank of America Energy and Power Credit Conference on Thursday, June 4 and will hold one-on-one investor meetings throughout the day. About Calumet Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets.

May 28, 2026 03:00 AM • prnewswire.com

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