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 7,430 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
38% more capital invested
Capital invested by funds: $504M [Q1] → $697M (+$194M) [Q2]
21% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 29
5.01% more ownership
Funds ownership: 46.07% [Q1] → 51.07% (+5.01%) [Q2]
2% more funds holding
Funds holding: 129 [Q1] → 132 (+3) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]
20% less call options, than puts
Call options by funds: $44.8M | Put options by funds: $56.2M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$13.25
17%
downside
Avg. target
$13.25
17%
downside
High target
$13.25
17%
downside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
UBS Manav Gupta | 17%downside $13.25 | Neutral Maintained | 12 Aug 2025 |
Financial journalist opinion
Based on 8 articles about CLMT published over the past 30 days
Neutral
PRNewsWire
2 hours ago
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.
Neutral
Seeking Alpha
2 weeks ago
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.
Positive
The Motley Fool
2 weeks ago
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.
Positive
The Motley Fool
2 weeks ago
Calumet (CLMT) Q2 Revenue Tops by 11%
Calumet (CLMT) Q2 Revenue Tops by 11%
Neutral
PRNewsWire
2 weeks ago
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.
Neutral
Business Wire
3 weeks ago
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.
Neutral
PRNewsWire
3 weeks ago
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.
Neutral
PRNewsWire
4 weeks ago
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.
Neutral
PRNewsWire
1 month ago
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.
Negative
Seeking Alpha
2 months ago
Calumet With Its More Than Nine Financial Lives
Calumet is finding its way through another difficult marketplace experience. This adds credence to management's skills for navigating through difficult experiences, a much-needed skill for new markets. The renewable portion of the company saw a massive uplift from the EPA resetting its RVO targets significantly higher, beginning in 2026.
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