Calumet Inc.

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

2026-08-07 19:04:07

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

Why Calumet Stock Flopped on Friday

2026-08-07 17:44:56

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

Calumet Q2 Earnings Call Highlights

2026-08-07 11:04:30

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.

Calumet Reports Second Quarter 2026 Results

2026-08-07 07:00:00

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.

Are You Looking for a Top Momentum Pick? Why Calumet, Inc. (CLMT) is a Great Choice

2026-08-04 13:01:05

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

MONTANA RENEWABLES CELEBRATES MINNESOTA SAF HUB

2026-08-04 08:53:00

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).

4 Energy Stocks That Could Surpass Q2 Earnings Estimates

2026-07-30 09:40:21

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

Is Calumet, Inc. (CLMT) Stock Outpacing Its Oils-Energy Peers This Year?

2026-07-29 10:41:11

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