Calumet Specialty ProductsCLMT
CLMT
About: Calumet Inc is a producer of specialty products, including base oils, specialty oils, solvents, esters, and waxes, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company manufactures, formulates, and markets a variety of specialty branded products to customers in various consumer-facing and industrial markets. Its segments include: Specialty Products and Solutions; Montana/Renewables; Performance Brands; and Corporate. The company generates maximum revenue from Fuels, asphalt and other by-products.
Employees: 1,630
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
257% more call options, than puts
Call options by funds: $173M | Put options by funds: $48.6M
220% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 15
46% more capital invested
Capital invested by funds: $558M [Q3] → $814M (+$256M) [Q4]
43% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 10 (+3) [Q4]
35% more funds holding
Funds holding: 91 [Q3] → 123 (+32) [Q4]
6.48% more ownership
Funds ownership: 36.56% [Q3] → 43.04% (+6.48%) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 30
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$12
13%
upside
Avg. target
$21
93%
upside
High target
$33
211%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Goldman Sachs Neil Mehta 39% 1-year accuracy 23 / 59 met price target | 32%upside $14 | Buy Maintained | 30 Apr 2025 |
Wells Fargo Roger Read 30% 1-year accuracy 34 / 114 met price target | 117%upside $23 | Overweight Maintained | 9 Apr 2025 |
UBS Manav Gupta 40% 1-year accuracy 6 / 15 met price target | 13%upside $12 | Neutral Upgraded | 17 Mar 2025 |
HC Wainwright & Co. Amit Dayal 22% 1-year accuracy 27 / 121 met price target | 211%upside $33 | Buy Reiterated | 3 Mar 2025 |
Financial journalist opinion
Based on 4 articles about CLMT published over the past 30 days
Neutral
PRNewsWire
5 days ago
Calumet, Inc. to Release First Quarter 2025 Earnings on May 9, 2025
INDIANAPOLIS , April 25, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the First Quarter 2025 on May 9, 2025. A conference call to discuss the financial and operational results is scheduled for May 9th at 9:00 AM ET.
Positive
Seeking Alpha
6 days ago
Calumet's Businesses Firing Like A Cannon, Well, Even Much Closer (Update)
Calumet Specialty Products is significantly undervalued, with a misunderstood market and a heavy short position that is likely to face a destructive end soon. First-quarter EBITDA estimates are strong, with potential for $90 million, and second-quarter projections are even higher due to favorable market conditions. Management is effectively managing leverage and cash flow, aiming to reduce debt significantly while maintaining positive cash flow and strong EBITDA generation.
Positive
Zacks Investment Research
2 weeks ago
Calumet, Inc. (CLMT) Moves 12.5% Higher: Will This Strength Last?
Calumet, Inc. (CLMT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Neutral
PRNewsWire
4 weeks ago
Calumet Announces Closing of Sale of Assets Related to Industrial Portion of its Royal Purple® Business
INDIANAPOLIS , April 1, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") has successfully closed its previously announced sale of assets related to the industrial portion of its Royal Purple® business, for $110 million in cash to a wholly owned subsidiary of Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners. The assets sold related to Royal Purple's high performance synthetic industrial product line including industrial gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils, along with an exclusive license of the brand for industrial applications.
Neutral
PRNewsWire
1 month ago
Calumet Announces Intention to Nominate Julio Quintana and Karen Narwold to Board of Directors; and Wasserstein Debt Opportunities Expresses Support
INDIANAPOLIS , March 17, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we") today announced that Julio Quintana and Karen Narwold have been selected as nominees for election to the Board of Directors of Calumet (the "Board") at the Company's 2025 Annual Meeting of Stockholders (the "Annual Meeting"). After successfully guiding the Company through the transition from a master limited partnership (MLP) to a C-Corporation, Jim Carter and Dan Sheets have informed the Board of their decision not to seek re-election and to retire at the end of their terms following the Annual Meeting.
Positive
Seeking Alpha
1 month ago
Calumet's Businesses Firing Like A Cannon, Well, Close
Calumet delivered in-line Q4 2024 results, with management's asset sales and cash generation efforts creating a favorable buying opportunity. Specialty EBITDA is projected to improve to the low $200 million range in 2025, driven by stronger Gulf Coast 2-1-1 spreads and operational efficiencies. The partial sale of Performance Brands for $110 million will be offset by operational efficiencies, maintaining EBITDA levels over the next two years.
Neutral
PRNewsWire
1 month ago
Calumet to Attend Wolfe Research Conference
INDIANAPOLIS , March 4, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today plans to attend the Wolfe Research Refining Conference Thursday, March 6, 2025, in New York. Calumet will be holding one-on-one investor meetings throughout the day at the conference.
Neutral
Seeking Alpha
2 months ago
Calumet, Inc. (CLMT) Q4 2024 Earnings Conference Call Transcript
Calumet, Inc. (NASDAQ:CLMT ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants John Kompa - Investor Relations Todd Borgmann - Chief Executive Officer David Lunin - Executive Vice President & Chief Financial Officer Bruce Fleming - Executive Vice President, Montana Renewables & Corporate Development Scott Obermeier - Executive Vice President, Specialists Conference Call Participants Roger Read - Wells Fargo Jason Gabelman - TD Cowen Neil Mehta - Goldman Sachs Gregg Brody - Bank of America Operator Good morning, and welcome to the Calumet, Inc. Fourth Quarter and Full Year 2024 Results Conference Call. All participants will be in listen-only mode.
Neutral
PRNewsWire
2 months ago
Lubrication Engineers to Acquire Industrial Brands & Products of Royal Purple
WICHITA, Kas., Feb. 28, 2025 /PRNewswire/ -- Lubrication Engineers, Inc. ("LE"), a leading developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, today announced that it has entered into a definitive agreement to acquire the industrial brands and products of Royal Purple ("RPI"), a leading provider of specialty synthetic performance lubricants and greases for diversified industrial applications.
Neutral
PRNewsWire
2 months ago
Calumet Reports Fourth Quarter and Fiscal Year 2024 Results
Fourth quarter 2024 net loss of $40.7 million, or basic loss per common share of $0.47 per share Fourth quarter 2024 Adjusted EBITDA of $56.6 million Announces sale of Royal Purple® industrial business for $110 million Montana Renewables received initial funds from U.S. Department of Energy ("DOE") loan in February 2025 Specialties business posts record sales volume and cost improvement in 2024 INDIANAPOLIS , Feb. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the fourth quarter ended December 31, 2024, as follows: Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Dollars in millions, except per share/unit data) Net income (loss) $ (40.7) $ (48.0) $ (222.0) $ 48.1 Basic earnings (loss) per common share/unit $ (0.47) $ (0.59) $ (2.67) $ 0.59 Adjusted EBITDA $ 56.6 $ 39.7 $ 194.8 $ 260.5 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 62.3 $ 88.1 $ 25.2 $ 16.1 $ (3.9) $ (82.1) Adjusted gross profit (loss) $ 50.6 $ 69.6 $ 25.7 $ 16.5 $ 19.1 $ (19.3) Adjusted EBITDA $ 43.4 $ 75.6 $ 16.3 $ 6.1 $ 10.9 $ (25.8) Gross profit (loss) per barrel $ 11.00 $ 16.11 $ 170.27 $ 135.29 $ (1.87) $ (45.76) Adjusted gross profit (loss) per barrel $ 8.93 $ 12.73 $ 173.65 $ 138.66 $ 9.15 $ (10.76) Specialty Products and Solutions Performance Brands Montana/Renewables Year Ended December 31, Year Ended December 31, Year Ended December 31, 2024 2023 2024 2023 2024 2023 (Dollars in millions, except per barrel data) Gross profit (loss) $ 189.0 $ 402.2 $ 95.3 $ 82.1 $ (53.5) $ (32.6) Adjusted gross profit $ 214.5 $ 291.0 $ 98.6 $ 78.5 $ 51.9 $ 59.8 Adjusted EBITDA $ 193.6 $ 251.2 $ 57.4 $ 47.9 $ 16.7 $ 30.2 Gross profit (loss) per barrel $ 8.26 $ 18.73 $ 152.24 $ 160.35 $ (6.14) $ (4.56) Adjusted gross profit per barrel $ 9.38 $ 13.56 $ 157.51 $ 153.32 $ 5.95 $ 8.36 "The past twelve months of strategic activity at Calumet has fundamentally reset the company's foundation," said Todd Borgmann, CEO. "Successfully completing the conversion to a C-Corporation, receiving the first DOE funding under the new administration, derisking Montana Renewables operations, and continuing to widen the competitive moat around our Specialties business positions the company to succeed against our top priority of deleveraging the balance sheet and growing cash flows.
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