Calumet Inc. — News

Calumet, Inc. (CLMT) Q2 2026 Earnings Call Transcript

seekingalpha.com - 2026-08-07 19:04:07

The company posted a surprise net loss in its second quarter.

fool.com - 2026-08-07 17:44:56

Calumet NASDAQ: CLMT reported second-quarter adjusted EBITDA with tax attributes of $175 million, as strong performance in its Specialty Products and Solutions business helped offset downtime tied to planned turnarounds and the first phase of its MaxSAF 150 expansion at Montana Renewables.

marketbeat.com - 2026-08-07 11:04:30

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.

prnewswire.com - 2026-08-07 07:00:00

Does Calumet, Inc. (CLMT) have what it takes to be a top stock pick for momentum investors? Let's find out.

zacks.com - 2026-08-04 13:01:05

ST. PAUL, Minn., Aug. 4, 2026 /PRNewswire/ -- Montana Renewables, LLC (MRL) joined the Minnesota SAF Hub in celebration of new supply to Minneapolis-St. Paul International Airport (MSP).

prnewswire.com - 2026-08-04 08:53:00

Energy stocks like CLMT, WES, HP and RIG have the potential to deliver better-than-expected Q2 earnings.

zacks.com - 2026-07-30 09:40:21

Here is how Calumet, Inc. (CLMT) and Kosmos Energy (KOS) have performed compared to their sector so far this year.

zacks.com - 2026-07-29 10:41:11

INDIANAPOLIS, July 23, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the Second Quarter 2026 on August 7, 2026. A conference call to discuss the financial and operational results is scheduled for August 7th at 9:00 AM ET.

prnewswire.com - 2026-07-23 07:00:00

Does Calumet, Inc. (CLMT) have what it takes to be a top stock pick for momentum investors? Let's find out.

zacks.com - 2026-07-15 13:01:07

Here is how Calumet, Inc. (CLMT) and Kosmos Energy (KOS) have performed compared to their sector so far this year.

zacks.com - 2026-07-13 10:40:34

GREAT FALLS, Mont., July 8, 2026 /PRNewswire/ -- Montana Renewables, LLC (MRL) is proud to have collaborated with Gulfstream Aerospace Corp. and its partners as the exclusive fuel supplier for recent low emissions testing on the Gulfstream G800 aircraft.

prnewswire.com - 2026-07-08 09:00:00

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.

prnewswire.com - 2026-07-08 07:00:00

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.

seekingalpha.com - 2026-07-07 05:24:11

On June 03, 2026, Calumet Inc (CLMT) shares rose 3.5% today, trading at $37.39. This increase comes in the context of a 52-week range that saw a low of $12.70 a

gurufocus.com - 2026-06-03 20:47:00

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.

prnewswire.com - 2026-06-02 16:00:00

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.

prnewswire.com - 2026-05-28 07:00:00

Calumet Specialty Products experienced an unprecedented, rapid turnaround in business momentum within a single quarter. This extreme directional change signals a shift from mediocre performance to strong, accelerated growth prospects. The speed and magnitude of CLMT's transformation are unmatched in recent investment experience.

seekingalpha.com - 2026-05-26 01:50:41

INDIANAPOLIS, May 21, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Goldman Sachs Leverage Finance Conference on Thursday, May 28 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.

prnewswire.com - 2026-05-21 07:00:00

MRL production commencement is a game-changer for cash flows. New renewable volume obligations support renewable diesel baseline prices. Refinery segments benefitting from strong crack spreads.

seekingalpha.com - 2026-05-12 19:20:33