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 (NASDAQ: CLMT) reported Q3 2025 net income $313.4M and basic EPS $3.61. Adjusted EBITDA was $69.6M and Adjusted EBITDA with Tax Attributes $92.5M for the quarter. Company-wide cost actions delivered $61M of year-to-date operating cost savings through nine months of 2025.
Montana Renewables is on track for 120–150M gallons annualized SAF by Q2 2026, with ~100M gallons of SAF committed or deep in contracting. SPS segment recorded record production and strong margins.
Calumet (NASDAQ: CLMT) subsidiary Montana Renewables on Oct 27, 2025 launched MaxSAF™, a nominal 50/50 blended sustainable aviation fuel (SAF) certified to ASTM D7566 and ASTM D1655 specifications for drop-in use. Montana Renewables commissioned onsite blending and shipping at Calumet Montana Refining and will initially distribute MaxSAF through AEG Fuels to select aviation hubs in Montana, Washington, and Oregon via truck rack deliveries. The company positions MaxSAF to serve regional operators, support ESG and Scope 1/3 goals, and use local low‑carbon feedstocks (tallow, distillers corn oil, canola, used cooking oil, camelina). Montana Renewables says it is one of three North American SAF producers at commercial scale.
Calumet (NASDAQ: CLMT) will report Third Quarter 2025 results on November 7, 2025.
A conference call and live webcast to discuss financial and operational results is scheduled for November 7, 2025 at 9:00 AM ET. A replay will be posted on the company’s investor relations events page a few hours after the call.
Webcast and slides will be available at http://calumetspecialty.investorroom.com/events. Participants wishing to dial into the call should pre-register at https://dpregister.com/sreg/10203038/ffeedfb5b2 or use toll-free 1-844-695-5524 (US) or 1-412-317-0700 (International).
Calumet (NASDAQ: CLMT) announced a significant regulatory win as the U.S. Environmental Protection Agency (EPA) granted full or partial exemptions for all of the company's small refinery petitions filed from 2019 through 2024. The decision will substantially reduce Calumet's Renewable Identification Number (RIN) liability from 396 million RINs to just 89 million RINs.
Of the remaining 89 million RINs obligation, 57 million are from 2022-2023, and 32 million are from 2024. CEO Todd Borgmann highlighted that this EPA ruling helps clear the historical industry backlog and provides greater clarity for the renewable fuels industry.
Calumet (NASDAQ: CLMT) reported Q2 2025 results with a net loss of $147.9 million ($1.70 loss per share) and Adjusted EBITDA with Tax Attributes of $76.5 million. The company achieved $42 million in year-over-year operating cost savings through H1 2025.
Key highlights include: Montana Renewables remains on track for 120-150 million gallons of annual SAF production by Q2 2026, operating costs reduced to $0.43 per gallon, and the company called $230 million of 2026 Senior Notes. The Specialties segment showed strong margin expansion despite a planned facility turnaround, while Performance Brands maintained robust margins, particularly in TruFuel brand.
[ "Cost reduction initiatives delivered $42 million in year-over-year operating savings through H1 2025", "Montana Renewables achieved lowest operating costs since launch at $0.43 per gallon", "Successfully called $230 million of 2026 Senior Notes, enhancing capital structure", "Specialties business demonstrated significant margin expansion and strong sales volumes", "Montana Renewables on track for 120-150 million gallons of SAF production by Q2 2026" ]Calumet (NASDAQ:CLMT) has secured a renewed and upsized terminal lease facility with Eldridge Diversified Credit for its Shreveport, LA terminal. The transaction values the terminal assets at $120 million and provides $80 million in net proceeds which will be used to reduce Calumet's outstanding 11.00% Senior Notes due 2026.
This deal builds on Eldridge's significant investment history with Calumet, having deployed over $650 million through its affiliate Stonebriar Commercial Finance over the past five years. Eldridge's Diversified Credit strategy has originated over $16 billion since 2015, positioning it as North America's largest private independent equipment financier.
Calumet (NASDAQ: CLMT), a specialty branded products and renewable fuels manufacturer, has announced its participation in two major investor conferences in September 2025. The company will attend the Barclays 39th Annual CEO Energy-Power Conference on September 3rd, conducting one-on-one investor meetings. Additionally, Calumet will present and hold investor meetings at the H.C. Wainwright 27th Annual Global Investment Conference on September 8th.
Calumet operates twelve facilities across North America, focusing on manufacturing and formulating specialty products for consumer-facing and industrial markets.
Calumet (NASDAQ: CLMT) has extended its Shreveport terminal asset financing arrangement with Stonebriar Commercial Finance, increasing the asset value to $120 million. The transaction will provide $80 million in proceeds to Calumet, reflecting the difference between the new value and the remaining $40 million balance on the prior schedule.
The financing carries a 10.75% cost of capital, and proceeds will be used to partially redeem Calumet's 11.00% Senior Notes due 2026. The company has initiated a redemption of $80 million of these notes at par value, with the redemption date set for August 12, 2025. The previous sale-leaseback agreement valued these assets at $70 million with a scheduled repurchase in February 2027.
[ "Asset value increase from $70M to $120M demonstrates significant facility improvement", "Reduction in interest expense by refinancing 11.00% notes with 10.75% financing", "Strategic deleveraging of balance sheet through debt refinancing" ]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.