Calumet, Inc. reports developments across its specialty products, branded performance products and renewable fuels operations. The company manufactures, formulates and markets specialty branded products and renewable fuels for consumer-facing and industrial markets, with recurring updates tied to Specialty Products & Solutions, Montana Renewables and Performance Brands.
Company news commonly covers quarterly results, Adjusted EBITDA commentary, RINs and other environmental attributes, facility operations at Shreveport, Montana Renewables projects including MaxSAF®, and product activity such as TruFuel®. Other recurring items include senior-note and credit-facility actions, shareholder voting matters, board composition and investor-event participation.
Calumet (CLMT) announced notice to redeem $150 million of senior notes through its wholly owned subsidiaries on October 25, 2026.
The notes carry a 9.75% coupon and mature in 2028. The cash redemption price is 102.438% of principal, plus accrued and unpaid interest to, but excluding, the redemption date. In July, the issuers redeemed another $100 million of 9.75% notes due 2028 and fully repaid and terminated a $15.5 million Montana terminal asset financing arrangement. Including the planned redemption, debt retired since July 2026 will total approximately $265 million. Calumet expects these debt reductions to generate approximately $26 million in annual cash interest savings.
Calumet (NASDAQ: CLMT) plans to report its third-quarter 2026 results on November 6, 2026, with a conference call that morning. The call to discuss financial and operational results is scheduled for 9:00 AM ET. A live webcast will include presentation slides, and a replay will be available a few hours afterward in the events section of the company's investor relations website.
Calumet (CLMT) will attend the T.D. Cowen 3rd Annual Energy Conference on Thursday, September 24, and plans to hold one-on-one investor meetings throughout the day.
The company manufactures, formulates, and markets specialty branded products and renewable fuels for consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities across North America.
Calumet (CLMT) increased total commitments under its senior secured asset-based revolving credit facility to $600 million, up $100 million, while keeping the maturity date at January 2031.
The ABL facility, led by Bank of America as agent for a lender group, remains subject to borrowing base limitations and is intended to support working capital needs amid commodity price volatility. Calumet said the amendment reflects higher market prices and receivables.
Separately, Montana Renewables, an unrestricted subsidiary, received its final $34 million draw under its amended Loan Guarantee Agreement with the U.S. Department of Energy. Remaining project capital for the MaxSAF expansion was previously reduced to $137 million from the $1.2 billion originally contemplated in Phase 2.
Calumet (CLMT) will attend the H.C. Wainwright 28th Annual Global Investment Conference on Tuesday, September 15, 2026, and plans to hold one-on-one investor meetings during the event.
Calumet manufactures, formulates, and markets specialty branded products and renewable fuels, serving consumer-facing and industrial markets from twelve facilities across North America, with headquarters in Indianapolis, Indiana.
Calumet (CLMT) announced an update on U.S. EPA small refinery exemptions affecting its Renewable Identification Number (RIN) obligations. The EPA granted full exemptions on two Calumet petitions for the 2025 compliance year, reducing the company’s balance sheet liability accrual by 71 million RINs, valued at approximately $170 million as of June 30, 2026.
Calumet reports a remaining RIN liability of about 129 million RINs, valued at approximately $309 million as of the same date. This remaining balance includes 2022–2024 partial exemptions, which are still under discussion with the EPA and are also under judicial review alongside legal challenges brought by other industry participants.
Calumet (NASDAQ: CLMT) announced a revised, capital-efficient MaxSAF® expansion at Montana Renewables, targeting approximately 200 million gallons/year of Sustainable Aviation Fuel (SAF) and 17,000 barrels per day of total renewable product sales by year-end 2028. Remaining project capital is cut to $137 million, versus the $1.2 billion previously contemplated.
The DOE Loan Guarantee Agreement is amended, reducing Phase 2 availability from up to $658 million to a single final draw of $34 million, with the balance expected to be funded from Montana Renewables earnings. The new plan requires no third-party equity, avoiding dilution. Repurposed Calumet Montana Refining assets under long-term lease and six smaller, quick-payback projects support the ramp from a current 60 million-gallon SAF run-rate to about 80 million by year-end 2026, 120 million by Spring 2027, and 200 million by year-end 2028, while capturing roughly 20 million gallons/year of additional saleable propane and butane.
Calumet (NASDAQ: CLMT) announced that it plans to attend the Barclays 40th Annual Energy-Power Conference on Thursday, September 10, where it will hold one-on-one investor meetings throughout the day. Calumet manufactures, formulates, and markets specialty branded products and renewable fuels, operates twelve North American facilities, and is headquartered in Indianapolis, Indiana.
Calumet (NASDAQ: CLMT) reported a second quarter 2026 net loss of $95.9 million, or $(1.09) per share, versus a $147.9 million loss a year earlier, with results heavily impacted by $163.6 million of non-cash RINs expense and derivative mark-to-market effects.
Adjusted EBITDA was $159.3 million and Adjusted EBITDA with Tax Attributes was $175.2 million, up from $55.1 million and $76.5 million, respectively, in Q2 2025. The Specialty Products and Solutions segment generated Adjusted EBITDA of $161.7 million, more than doubling year over year, while Montana/Renewables delivered $26.6 million of Adjusted EBITDA with Tax Attributes and Performance Brands posted $6.3 million.
According to Calumet, strong specialty margins and operations supported $115 million of July debt reduction, including redemption of $100 million 9.75% senior notes due 2028 and repayment of a $15.5 million Montana terminal asset financing.
Calumet (NASDAQ: CLMT) announced that its unrestricted subsidiary Montana Renewables (MRL) has joined the Minnesota SAF Hub to mark new Sustainable Aviation Fuel (SAF) supply to Minneapolis–St. Paul International Airport (MSP). MRL will supply up to 30 million gallons of neat SAF annually to MSP through its existing Shell offtake agreement.
MRL’s partnership with the Minnesota SAF Hub started in 2024, when it delivered winter camelina-based SAF used in Delta Air Lines’ first commercial flight in North America using camelina SAF. MRL produces SAF, renewable diesel, renewable hydrogen and renewable naphtha from low‑carbon feedstocks sourced from Pacific Northwest agricultural operations.