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INDIANAPOLIS, Jan. 28, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that it has amended its existing asset-based loan (ABL) facility to extend the maturity date from January 2027 to January 2031. The amended facility provides for total commitments of $500 million, subject to borrowing base limitations, and is led by Bank of America, N.A.
Shares of Calumet, Inc. (NASDAQ: CLMT - Get Free Report) have earned an average recommendation of "Hold" from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation
Calumet Specialty Products is executing a transformative strategy, with EBITDA projected to nearly double in 2026 and potentially triple by 2028. CLMT's integrated specialty, traditional refining, and renewable fuels businesses are aligning, supported by industry-leading cost structures and expanding SAF production capacity. We forecast 2026 EBITDA of $525–$550 million, up from $300 million in 2025, driven by SAF margin expansion and operational improvements.
INDIANAPOLIS, Jan. 12, 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"), closed their private placement (the "Offering") under Rule 144A and Regulation S under the Securities Act of 1933, as amended, of $405 million in aggregate principal amount of 9.75% Senior Notes due 2031 (the "Notes").
INDIANAPOLIS, Jan. 9, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the UBS Global Energy & Utilities Winter Conference on Tuesday, January 13th 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.
INDIANAPOLIS, Jan. 7, 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"), priced their private placement (the "Offering") under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), of $405 million in aggregate principal amount of 9.75% Senior Notes due 2031 (the "Notes").
INDIANAPOLIS, Jan. 6, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that, subject to market conditions, its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), intend to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), $350 million in aggregate principal amount of senior unsecured notes due 2031.
INDIANAPOLIS, Jan. 5, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected financial results for the year ended December 31, 2025. Based on preliminary data, the Company currently expects to report a net loss between $69.0 million and $12.0 million and Adjusted EBITDA with Tax Attributes between $285.0 million and $305.0 million for year ended December 31, 2025.
INDIANAPOLIS, Jan. 2, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Goldman Sachs Energy, Clean Tech and Utilities Conference on Tuesday, January 6th 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.
New York City-based Alta Fundamental Advisers sold 459,937 shares of Calumet in the third quarter. The net position change from the previous period was $7.25 million.
AYAL Capital Advisors Ltd purchased a new stake in Calumet, Inc. (NASDAQ: CLMT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 335,000 shares of the oil and gas company's stock, valued at approximately $5,278,000. Calumet accounts for approximately 1.3%
INDIANAPOLIS , Dec. 8, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Wells Fargo 24th Annual Energy & Power Symposium on Wednesday, December 10 th 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.
Geode Capital Management LLC lifted its stake in shares of Calumet, Inc. (NASDAQ: CLMT) by 112.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,704,670 shares of the oil and gas company's stock after acquiring an additional 901,933 shares
INDIANAPOLIS , Nov. 25, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Bank of America Leveraged Finance Conference on Tuesday, December 2 nd 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.
INDIANAPOLIS , Nov. 11, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the T.D. Cowen 2nd Annual Energy Conference in New York on Tuesday, November 18 th and will hold one-on-one investor meetings throughout the day.
Calumet, Inc. is balancing specialty chemicals with a growing renewables business, highlighted by operational improvements and a strong Montana Renewables segment. CLMT's Q3 saw cost reductions, record specialty segment production, and progress in renewable fuels, but high interest expense still drives pretax losses. Valuation appears stretched on an EV/EBITDA basis, with negative levered free cash flow due to debt, despite positive unlevered free cash flow and operational gains.
Calumet, Inc. ( CLMT ) Q3 2025 Earnings Call November 7, 2025 9:00 AM EST Company Participants John Kompa - Director of Investor Relations Louis Borgmann - President, CEO & Director David Lunin - Executive VP & CFO Bruce Fleming - Executive Vice President of Montana Renewables & Corporate Development Conference Call Participants Alexa Petrick - Goldman Sachs Group, Inc., Research Division Amit Dayal - H.C. Wainwright & Co, LLC, Research Division Jason Gabelman - TD Cowen, Research Division Gregg Brody - BofA Securities, Research Division Presentation Operator Good morning, and welcome to the Calumet Inc. Third Quarter 2025 Results Conference Call.
INDIANAPOLIS , Nov. 7, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Bank of America Global Energy Conference in Houston on Tuesday, November 11 th and will hold one-on-one investor meetings at the conference. 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.
Calumet reported strong earnings in Q3 but remains unprofitable over the last 12 months. Management has decided to restate Q2 results.
Third quarter 2025 net income of $313.4 million, or basic income per common share of $3.61 Third quarter 2025 Adjusted EBITDA with Tax Attributes of $92.5 million Company-wide cost reduction initiatives driving $61 million of year-over-year operating cost savings through the first nine months of 2025 Montana Renewables remains on track to achieve 120–150 million gallons of annualized SAF production by second quarter of 2026 SAF placement ahead of plan, with approximately 100 million gallons of SAF fully committed or deep in contracting Record production and strong margins in Specialty Products & Solutions segment INDIANAPOLIS , Nov. 7, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") today reported its results for the third quarter ended September 30, 2025, as follows: Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 (Dollars in millions, except per share data) Net income (loss) $ 313.4 $ (100.6) $ 3.5 $ (181.3) Basic earnings (loss) per common share $ 3.61 $ (1.18) $ 0.04 $ (2.21) Adjusted EBITDA $ 69.6 $ 59.8 $ 162.8 $ 162.7 Adjusted EBITDA with Tax Attributes $ 92.5 $ 59.8 $ 224.0 $ 162.7 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended September 30, Three Months Ended September 30, Three Months Ended September 30, 2025 2024 2025 2024 2025 2024 (Dollars in millions, except per barrel data) Gross profit (loss) $ 276.3 $ 2.3 $ 18.5 $ 22.7 $ 78.9 $ (20.1) Adjusted gross profit (loss) $ 89.5 $ 54.6 $ 20.9 $ 24.3 $ (5.3) $ 21.9 Adjusted EBITDA $ 80.2 $ 50.7 $ 13.2 $ 13.6 $ (5.8) $ 14.6 Adjusted EBITDA with Tax Attributes $ 80.2 $ 50.7 $ 13.2 $ 13.6 $ 17.1 $ 14.6 Gross profit (loss) per barrel $ 46.11 $ 0.39 $ 124.16 $ 145.51 $ 34.50 $ (8.48) Adjusted gross profit (loss) per barrel $ 14.94 $ 9.15 $ 140.27 $ 155.77 $ (2.32) $ 9.24 Specialty Products and Solutions Performance Brands Montana/Renewables Nine Months Ended September 30, Nine Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 2025 2024 (Dollars in millions, except per barrel data) Gross profit (loss) $ 227.4 $ 126.7 $ 62.8 $ 70.1 $ (41.5) $ (49.6) Adjusted gross profit (loss) $ 230.0 $ 184.3 $ 67.4 $ 72.9 $ (15.5) $ 36.9 Adjusted EBITDA $ 203.3 $ 170.6 $ 42.5 $ 41.1 $ (24.5) $ 9.9 Adjusted EBITDA with Tax Attributes $ 203.3 $ 170.6 $ 42.5 $ 41.1 $ 36.7 $ 9.9 Gross profit (loss) per barrel $ 13.51 $ 7.37 $ 135.93 $ 146.65 $ (6.01) $ (7.48) Adjusted gross profit (loss) per barrel $ 13.66 $ 10.71 $ 145.89 $ 152.51 $ (2.24) $ 5.57 "Calumet posted strong financial results and continued to achieve key strategic milestones during the third quarter," said Todd Borgmann, CEO. "Our financial success again demonstrated the strength of Calumet's integrated specialties business, and our continued cost discipline and operational progress has driven a $61 million year-to-date reduction in operating costs versus last year.