Welcome to our dedicated page for Calumet news (Ticker: CLMT), a resource for investors and traders seeking the latest updates and insights on Calumet stock.
Calumet, Inc. (NASDAQ: CLMT) is a petroleum refineries industry company that manufactures, formulates and markets specialty branded products and renewable fuels. Headquartered in Indianapolis, Indiana, Calumet operates twelve facilities across North America and serves a broad mix of consumer-facing and industrial markets. Its news flow reflects both its specialty products focus and its role in renewable fuels through the Montana/Renewables segment.
News about Calumet often highlights capital markets and financing activities. Recent releases describe private placements of senior notes through its subsidiaries Calumet Specialty Products Partners, L.P. and Calumet Finance Corp., including an upsized offering of 9.75% Senior Notes due 2031. The company has explained that it intends to use net proceeds from these offerings, along with cash on hand and borrowings under its revolving credit facility, to redeem outstanding senior notes due 2026 and 2027. These announcements provide insight into how Calumet manages its debt maturities and capital structure.
Operational and financial updates are another key component of Calumet’s news. The company has issued preliminary selected financial results, including ranges for net loss and Adjusted EBITDA with Tax Attributes, and has discussed factors such as cost improvements, crude supply chain efficiencies, divestitures and production changes. Calumet also explains its use of non-GAAP measures like Adjusted EBITDA and Adjusted EBITDA with Tax Attributes, which are tied to definitions used in its debt instruments and revolving credit facility.
Regulatory and governance-related items appear in Calumet’s news through references to Form 8-K filings. For example, the company has reported quarterly results of operations and disclosed that certain interim financial statements required restatement due to a cash flow classification error, along with a related material weakness in internal controls. These updates help investors track changes in financial reporting and control environments.
Calumet’s participation in conferences is a recurring news theme. The company has announced attendance at events such as the UBS Global Energy & Utilities Winter Conference, Goldman Sachs Energy, Clean Tech and Utilities Conference, Wells Fargo Annual Energy & Power Symposium, Bank of America Leveraged Finance Conference, Bank of America Global Energy Conference and T.D. Cowen Energy Conference. These releases typically note that Calumet will hold one-on-one investor meetings, signaling ongoing engagement with institutional investors and analysts.
Investors following CLMT news can use this page to monitor developments related to senior note offerings and redemptions, preliminary financial results, non-GAAP performance metrics, internal control disclosures, and investor conference participation. Returning to this feed allows readers to see how Calumet communicates its specialty products and renewable fuels strategy, capital structure decisions and financial reporting updates over time.
Calumet (NASDAQ: CLMT) has scheduled its Second Quarter 2025 earnings release for August 8, 2025. The company will host a conference call to discuss financial and operational results on the same day at 9:00 AM ET.
Interested parties can access the presentation through a webcast available on Calumet's investor relations website. Participants can also join via telephone by pre-registering online or using the toll-free numbers: 1-844-695-5524 (US) or 1-412-317-0700 (International). A replay of the conference call will be available on the company's website shortly after the event.
Calumet (NASDAQ: CLMT), a manufacturer of specialty branded products and renewable fuels, has announced its participation in two major investor conferences in June 2025. The company will attend the Bank of America Securities Energy and Power Credit Conference on June 5th and the Wells Fargo Industrials & Materials Conference on June 11th. At both events, Calumet will conduct one-on-one meetings with investors.
Headquartered in Indianapolis, Calumet operates twelve facilities across North America, serving various consumer-facing and industrial markets with its diversified product portfolio.
Calumet (NASDAQ: CLMT) has announced it will release its First Quarter 2025 financial results on May 9, 2025. The company will host a conference call and webcast at 9:00 AM ET on the same day to discuss the quarterly performance and operational results.
Interested investors, analysts, and media representatives can access the live presentation through a webcast link available on Calumet's investor relations website. Participants who prefer to dial in can pre-register for the call or use the toll-free numbers: 1-844-695-5524 (US) or 1-412-317-0700 (International). A replay of the conference call will be made available on the company's website shortly after the event.
Calumet (NASDAQ: CLMT) has completed the sale of its Royal Purple® industrial business assets to Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners, for $110 million in cash. The sold assets include industrial gear lubricants, bio-environmental lubricants, and various industrial oils, along with an exclusive brand license for industrial applications.
The divested industrial segment generated approximately $29 million in total sales during 2024. Calumet retained ownership of the Porter, Texas manufacturing site and the consumer portion of Royal Purple®, which focuses on automotive products sold through national retail and specialty auto parts stores. The company plans to use the proceeds primarily for debt reduction.
Additionally, Calumet announced the termination of its at-the-market (ATM) equity offering program, which was announced in January 2025 but was never utilized.
Calumet (NASDAQ: CLMT) has announced plans to nominate Julio Quintana and Karen Narwold to its Board of Directors at the 2025 Annual Meeting of Stockholders. This announcement comes as current board members Jim Carter and Dan Sheets plan to retire following the completion of their terms.
The board transition follows several key achievements, including the company's successful conversion from a master partnership to a C-, the establishment of Montana Renewables, and securing a $1.4 billion Department of Energy loan. The company has also revamped its Specialties business to enhance cash flow generation.
The nominations, supported by Wasserstein Debt Opportunities (WDO), align with Calumet's strategic priorities focusing on deleveraging, cash flow growth, accretive asset monetization, and expanding Montana Renewables into a leading global producer of sustainable aviation fuel.
Calumet (NASDAQ: CLMT) has announced its participation in the Wolfe Research Refining Conference scheduled for March 6, 2025, in New York. The company will conduct one-on-one meetings with investors throughout the conference day.
Calumet, headquartered in Indianapolis, Indiana, specializes in manufacturing, formulating, and marketing specialty branded products and renewable fuels. The company serves various consumer-facing and industrial markets through its twelve facilities across North America.
Lubrication Engineers (LE) has announced a definitive agreement to acquire the industrial brands and products division of Royal Purple (RPI) from Calumet (NASDAQ: CLMT). The deal will make LE the exclusive manufacturer and seller of Royal Purple®-branded industrial products, while Calumet retains ownership of Royal Purple's consumer division and manufacturing assets.
RPI specializes in premium synthetic performance fluids, lubricants, and greases for industrial applications, including gear oils, bio-environmental lubricants, industrial engine oils, hydraulic lubricants, and compressor oils. The company serves various sectors including manufacturing, power generation, petrochemicals, energy, and marine industries.
This marks LE's first acquisition since partnering with Aurora Capital Partners in September 2023. The transaction is expected to close in the first half of 2025, subject to customary closing conditions.
Calumet (NASDAQ: CLMT) reported a Q4 2024 net loss of $40.7 million ($0.47 per share) with Adjusted EBITDA of $56.6 million. The company announced the sale of its Royal Purple® industrial business for $110 million, while retaining the consumer portion.
Key Q4 2024 segment performance:
- Specialty Products: EBITDA $43.4M (vs $75.6M in Q4 2023)
- Performance Brands: EBITDA $16.3M (vs $6.1M in Q4 2023), with 15% volume growth
- Montana/Renewables: EBITDA $10.9M (vs -$25.8M in Q4 2023)
Montana Renewables received its first drawdown of $782M from a $1.44B DOE loan facility in February 2025. The expansion will increase production capacity to 300M gallons of Sustainable Aviation Fuel and 330M gallons of combined SAF and renewable diesel, with half of SAF capability online by 2026.
Calumet (NASDAQ: CLMT) announced a definitive agreement with a subsidiary of Lubrication Engineers, Inc., to sell assets related to the industrial portion of its Royal Purple® business for $110 million. Calumet will retain and continue to grow the consumer portion of the Royal Purple business and the production facility in Porter, TX. The transaction includes 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. In 2024, Royal Purple's industrial business generated approximately $29 million in sales. Proceeds from the sale will be used primarily to pay down debt. The transaction is expected to close in the first half of 2025, subject to customary closing conditions.
Calumet's CEO, Todd Borgmann, emphasized that the deal aligns with the company's strategy to deleverage its balance sheet. Moelis & Company acted as exclusive financial advisor, and Faegre Drinker served as M&A counsel.