Calumet Specialty Products Partners, L.P. (CLMT)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
CLMT Chart
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.
Calumet to Participate in June 2025 Investor Conferences
INDIANAPOLIS , May 23, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend two investor conferences in June 2025. On Thursday, June 5 th, Calumet will attend the Bank of America Securities Energy and Power Credit Conference and will be holding one-on-one investor meetings at the conference.
Calumet Reports First Quarter 2025 Results
First quarter 2025 net loss of $162.0 million, or basic loss per common share of $1.87 per share First quarter 2025 Adjusted EBITDA with Tax Attributes of $55.0 million, reflecting a $30.4 million adjustment for RINs incurrence expense and $16.9 million from the Production Tax Credit ("PTC") Montana Renewables expects to reach 120 to 150-million-gallon SAF capacity sooner than previously reported for a fraction of the cost Montana Renewables received $782 million funding of Department of Energy ("DOE") loan in February 2025, closed sale of Royal Purple® industrial business for $110 million in March 2025, and launches partial redemption for $150 million of 2026 Notes Company-wide cost reduction plan on track with $22 million year over year reduction in operating costs Consolidated quarter ending liquidity of $542.7 million INDIANAPOLIS , May 9, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the first quarter ended March 31, 2025, as follows: Three Months Ended March 31, 2025 2024 Net income (loss) $ (162.0) $ (41.6) Basic earnings (loss) per common share/unit $ (1.87) $ (0.51) Adjusted EBITDA $ 38.1 $ 28.1 Adjusted EBITDA with Tax Attributes $ 55.0 $ 28.1 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2025 2024 2025 2024 2025 2024 (Dollars in millions, except per barrel data) Gross profit (loss) $ (34.0) $ 85.3 $ 22.2 $ 22.3 $ (69.6) $ (29.1) Adjusted gross profit (loss) $ 64.9 $ 56.8 $ 24.2 $ 23.2 $ (8.2) $ (4.9) Adjusted EBITDA $ 56.3 $ 47.2 $ 15.8 $ 13.4 $ (13.6) $ (13.4) Adjusted EBITDA with Tax Attributes $ 56.3 $ 47.2 $ 15.8 $ 13.4 $ 3.3 $ (13.4) Gross profit (loss) per barrel $ (6.33) $ 15.77 $ 144.16 $ 154.86 $ (32.03) $ (14.16) Adjusted gross profit (loss) per barrel $ 12.08 $ 10.50 $ 157.14 $ 161.11 $ (3.77) $ (2.38) "The first quarter of 2025 reflected significant progress on multiple strategic fronts," said Todd Borgmann, CEO. "Most importantly, we closed – and received funding – of our DOE loan under the new administration setting the stage for transformational growth in our Renewables business.
Calumet Specialty Products Partners, L.P. Dividends
| CLMT 29 Jan 2016 Paid | Quarterly | $0.69 Per Share |
| CLMT 30 Oct 2015 Paid | Quarterly | $0.69 Per Share |
| CLMT 31 Jul 2015 Paid | Quarterly | $0.69 Per Share |
| CLMT 1 May 2015 Paid | Quarterly | $0.69 Per Share |
| CLMT 30 Jan 2015 Paid | Quarterly | $0.69 Per Share |
Calumet Specialty Products Partners, L.P. Earnings
| 9 May 2025 Date | | - Cons. EPS | - EPS |
| 21 Feb 2025 Date | | - Cons. EPS | - EPS |
| 7 Nov 2024 Date | | - Cons. EPS | - EPS |
| 23 Oct 2024 Date | | - Cons. EPS | - EPS |
| 2 Aug 2024 Date | | - Cons. EPS | - EPS |
| CLMT 29 Jan 2016 Paid | Quarterly | $0.69 Per Share |
| CLMT 30 Oct 2015 Paid | Quarterly | $0.69 Per Share |
| CLMT 31 Jul 2015 Paid | Quarterly | $0.69 Per Share |
| CLMT 1 May 2015 Paid | Quarterly | $0.69 Per Share |
| CLMT 30 Jan 2015 Paid | Quarterly | $0.69 Per Share |
| 9 May 2025 Date | | - Cons. EPS | - EPS |
| 21 Feb 2025 Date | | - Cons. EPS | - EPS |
| 7 Nov 2024 Date | | - Cons. EPS | - EPS |
| 23 Oct 2024 Date | | - Cons. EPS | - EPS |
| 2 Aug 2024 Date | | - Cons. EPS | - EPS |
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Calumet Specialty Products Partners, L.P. Profile
| Oil & Gas Exploration & Production Industry | Energy Sector | Mr. Louis Todd Borgmann CEO | NASDAQ (NGS) Exchange | 131476103 Cusip |
| US Country | 1,620 Employees | 12 Feb 2016 Last Dividend | 11 Jul 2024 Last Split | - IPO Date |
Overview
Calumet, Inc. is a distinguished company specializing in the production, formulation, and distribution of a wide range of specialty branded products and renewable fuels across various consumer-facing and industrial markets both within North America and on an international scale. Founded in 1919 and based in Indianapolis, Indiana, Calumet operates through three main segments: Specialty Products and Solutions; Montana/Renewables; and Performance Brands. These segments exemplify the company's diversified approach to offering high-quality, specialized products and services that cater to a multitude of market needs and sustainability goals.
Products and Services
- Specialty Products and Solutions
This segment delivers an array of specialty products including solvents, waxes, custom lubricating oils, white oils, petrolatums, gels, esters, and more. These products find wide applications across various industries, catering to specific needs for high-quality solvents and lubricants among other specialized requirements.
- Montana/Renewables
Focused on sustainability, this segment processes renewable feedstocks into products like renewable diesel, sustainable aviation fuel, renewable hydrogen, and renewable natural gas, among others. It highlights Calumet's commitment to renewable energy and its efforts to produce alternative fuels that offer environmental benefits. Additionally, it processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialized grades of asphalt, showcasing the company's versatility in handling different types of feedstocks to produce a wide range of products.
- Performance Brands
Through its Performance Brands segment, Calumet blends, packages, and markets high-performance products under the Royal Purple, Bel-Ray, and TruFuel brands. This segment emphasizes the company’s dedication to quality and performance, offering top-tier products for automotive, industrial, and recreational applications. These brands are known for their high-quality solutions that enhance the performance and longevity of engines and machinery.
Contact Information
