Calumet Specialty Products

CLMT

Market cap $1.67B

Overview Fund Activity

19.26 USD

+1.75

9.99%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

18.88

-0.38

1.97%

1 day

9.99%

5 days

8.38%

1 month

45.58%

3 months

14.23%

6 months

46.02%

Year to date

-11.61%

1 year

7.24%

5 years

637.93%

10 years

-21.55%

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

Materials Specialty Chemicals

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

48% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 29

39% more capital invested

Capital invested by funds: $504M [Q1] → $699M (+$196M) [Q2]

21% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 29

5.17% more ownership

Funds ownership: 46.07% [Q1] → 51.23% (+5.17%) [Q2]

4% more funds holding

Funds holding: 129 [Q1] → 134 (+5) [Q2]

11% less call options, than puts

Call options by funds: $58.1M | Put options by funds: $65.2M

13% less funds holding in top 10

Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$13.25

31% downside

Avg. target

$13.25

31% downside

High target

$13.25

31% downside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

UBS

Manav Gupta

$13.25

Neutral

Maintained

12 Aug 2025

See Analyst Rankings

Financial journalist opinion

Calumet: Shorts Are At Risk

Calumet delivered a strong quarter, outperforming expectations with robust cost controls and positive results from both specialty and renewable segments. MRL achieved industry-leading breakeven costs and positive EBITDA despite a challenging renewable fuels market, positioning Calumet as a standout operator. Upcoming catalysts include the MaxSAF-150 project and a higher EPA RVO, which should drive significant cash flow and margin expansion in 2026.

Calumet: Shorts Are At Risk

Calumet Provides Update After Latest U.S. EPA Small Refinery Exemption Decision

INDIANAPOLIS , Aug. 26, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet, ""we," "our" or "us") provided an update regarding the recent U.S. Environmental Protection Agency (EPA) decision on small refinery exemptions and the expected impact on our Renewable Identification Number ("RINs") balance sheet accrual. On Friday, August 22, the EPA notified Calumet that we were successful in receiving full or partial exemptions on every petition that was filed by the Company from 2019 through 2024.

Calumet Provides Update After Latest U.S. EPA Small Refinery Exemption Decision

Calumet, Inc. (CLMT) Q2 2025 Earnings Call Transcript

Calumet, Inc. (NASDAQ:CLMT ) Q2 2025 Earnings Conference Call August 8, 2025 9:00 AM ET Company Participants David A. Lunin - Executive VP & CFO John Kompa - Director of Investor Relations Louis Todd Borgmann - President, CEO & Director Conference Call Participants Alexa Petrick - Goldman Sachs Group, Inc., Research Division Amit Dayal - H.C.

Calumet, Inc. (CLMT) Q2 2025 Earnings Call Transcript

The Motley Fool

Calumet Cuts Debt and Grows Q2 Earnings

Calumet (CLMT -0.57%) reported second quarter 2025 earnings on August 8, 2025, delivering $76.5 million of adjusted EBITDA with tax attributes, including $8.3 million of adjusted EBITDA with tax attributes from Montana Renewables amid cyclical margin lows. Management accelerated its deleveraging plan through asset optimizations and robust specialty performance.

Calumet Cuts Debt and Grows Q2 Earnings

The Motley Fool

Calumet (CLMT) Q2 Revenue Tops by 11%

Calumet (CLMT) Q2 Revenue Tops by 11%

Calumet (CLMT) Q2 Revenue Tops by 11%

Calumet Reports Second Quarter 2025 Results

Second quarter 2025 net loss of $147.9 million, or basic loss per common share of $1.70 per share Second quarter 2025 Adjusted EBITDA with Tax Attributes of $76.5 million Company-wide cost reduction initiatives tracking ahead of plan, delivering $42 million in year-over-year operating cost savings through the first half of 2025 Montana Renewables remains on track to achieve 120–150 million gallons of annualized SAF production by second quarter of 2026 Specialties business demonstrating significant margin expansion and continued strong sales volume INDIANAPOLIS , Aug. 8, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the second quarter ended June 30, 2025, as follows: Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (Dollars in millions, except per share/unit data) Net loss $ (147.9) $ (39.1) $ (309.9) $ (80.7) Basic earnings (loss) per common share/unit $ (1.70) $ (0.48) $ (3.58) $ (0.98) Adjusted EBITDA $ 55.1 $ 74.8 $ 93.2 $ 102.9 Adjusted EBITDA with Tax Attributes $ 76.5 $ 74.8 $ 131.5 $ 102.9 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, 2025 2024 2025 2024 2025 2024 (Dollars in millions, except per barrel data) Gross profit (loss) $ (14.9) $ 39.1 $ 22.1 $ 25.1 $ (50.8) $ (0.4) Adjusted gross profit (loss) $ 75.6 $ 72.9 $ 22.3 $ 25.4 $ (2.0) $ 19.9 Adjusted EBITDA $ 66.8 $ 72.7 $ 13.5 $ 14.1 $ (5.1) $ 8.7 Adjusted EBITDA with Tax Attributes $ 66.8 $ 72.7 $ 13.5 $ 14.1 $ 16.3 $ 8.7 Gross profit (loss) per barrel $ (2.72) $ 6.71 $ 138.99 $ 141.01 $ (20.78) $ (0.18) Adjusted gross profit (loss) per barrel $ 13.81 $ 12.51 $ 140.25 $ 142.70 $ (0.82) $ 9.02 Specialty Products and Solutions Performance Brands Montana/Renewables Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 2025 2024 (Dollars in millions, except per barrel data) Gross profit (loss) $ (48.9) $ 124.4 $ 44.3 $ 47.4 $ (120.4) $ (29.5) Adjusted gross profit (loss) $ 140.5 $ 129.7 $ 46.5 $ 48.6 $ (10.2) $ 15.0 Adjusted EBITDA $ 123.1 $ 119.9 $ 29.3 $ 27.5 $ (18.7) $ (4.7) Adjusted EBITDA with Tax Attributes $ 123.1 $ 119.9 $ 29.3 $ 27.5 $ 19.6 $ (4.7) Gross profit (loss) per barrel $ (4.51) $ 11.07 $ 141.53 $ 147.20 $ (26.07) $ (6.92) Adjusted gross profit (loss) per barrel $ 12.95 $ 11.54 $ 148.56 $ 150.93 $ (2.21) $ 3.52 "Our second quarter results reflect continued strength in our Specialties business, record operational performance at Montana Renewables, and meaningful cost reductions across the portfolio," said Todd Borgmann, CEO. "Robust margin expansion and strong volumes were demonstrated in our Specialties segment despite a planned, month-long turnaround at our Shreveport facility, which was completed successfully.

Calumet Reports Second Quarter 2025 Results

Eldridge Closes $120 Million Lease With Calumet

NEW YORK--(BUSINESS WIRE)--Eldridge Diversified Credit, the private, liquid, and asset-based credit investment strategy of Eldridge Capital Management (“Eldridge”), has announced the renewal and upsizing of its Shreveport, LA terminal lease facility with Calumet, Inc. (NASDAQ: CLMT) (“Calumet” or the “Company”). This transaction increases the assigned value of the subject terminal assets to $120 million and provides $80 million of net proceeds to Calumet to be used to reduce the Company's outst.

Eldridge Closes $120 Million Lease With Calumet

Calumet to Participate in September 2025 Investor Conferences

INDIANAPOLIS , Aug 1, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend two investor conferences in September 2025. On Wednesday, September 3rd, Calumet will attend the Barclays 39th Annual CEO Energy-Power Conference and will be holding one-on-one investor meetings at the conference.

Calumet to Participate in September 2025 Investor Conferences

Calumet Announces $120 million Extension with Stonebriar

Company Intends to Use Proceeds to Partially Redeem its Senior Notes due 2026 INDIANAPOLIS , July 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet" or the "Company") announced today that it has extended its Shreveport terminal asset financing arrangement with Stonebriar Commercial Finance LLC ("Stonebriar"). This transaction increases the assigned value of these terminal assets to $120 million and will provide $80 million of proceeds to Calumet, the difference between the new value of the assets and the remaining $40 million balance on the prior schedule.

Calumet Announces $120 million Extension with Stonebriar

Calumet, Inc. to Release Second Quarter 2025 Earnings on August 8, 2025

INDIANAPOLIS , July 18, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the Second Quarter 2025 on August 8, 2025. A conference call to discuss the financial and operational results is scheduled for August 8th at 9:00 AM ET.

Calumet, Inc. to Release Second Quarter 2025 Earnings on August 8, 2025

See News Rankings

Charts implemented using Lightweight Charts™