Calumet Inc

Calumet Specialty Products Partners LP engages in the production of specialty hydrocarbon products. It operates through the following segments: Specialty Products, Fuel Products and Corporate. The Specialty Products segment produces lubricating oils, solvents, waxes, synthetic lubricants and other products. The Fuel Products segment is involved in the processing of crude oil into fuel and fuel-related products, including unleaded gasoline, diesel, and jet fuel, asphalt and other products. The Corporate segment consists of general and administrative expenses not allocated to the specialty products or fuel products segments. The company was founded on September 27, 2005 and is headquartered in Indianapolis, IN.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Calumet Specialty Products Partners achieves record EBITDA, eyes growth opportunities

Calumet Specialty Products Partners reported strong financial performance in 2022, driven by specialty business growth and strategic focus on sustainability. While facing challenges in certain segments, the company is well-positioned for growth with opportunities in financing, expansion, and investments. Management's emphasis on innovation, collaboration, and financial discipline bodes well for future success.

Calumet Specialty Products Partners excels in Q1 earnings and growth strategies

Calumet Specialty Products Partners delivered a strong performance in Q1 2023, driven by robust earnings in specialty businesses and operational achievements at Montana Renewables.
The company's focus on debt reduction and potential IPO plans for Montana Renewables reflect strategic initiatives aimed at enhancing financial stability and growth prospects.
While facing challenges in sustaining growth momentum and executing debt reduction strategies, Calumet Specialty Products Partners remains poised to capitalize on opportunities for expansion and value creation.

Calumet Specialty Products Partners reports solid Q2 performance and growth opportunities

Calumet Specialty Products Partners showcased strong performance in Q2 2023, with notable achievements in Montana Renewables and Performance Brands businesses.
Despite challenges like severe weather impacting production, the company remains focused on growth opportunities and strategic initiatives.
With a focus on high-value applications and upcoming projects like MaxSAF expansion, Calumet is positioning itself for future success and profitability.

Calumet Specialty Products Partners reports strong Q3 performance and SAF growth opportunities

Calumet Specialty Products Partners showcased solid financial performance and progress in strategic transformation in Q3 2023.
Despite challenges such as operational issues and CFO transition, the company is well-positioned for growth and innovation in the SAF production sector.
Opportunities in producing Sustainable Aviation Fuel in North America and leveraging regulatory support mechanisms present avenues for future success.

Calumet transitions to C-Corp, excels in SAF production amid challenges

Calumet's Q4 performance reflects resilience amid challenges, with a strategic focus on sustainable aviation fuel production and debt management.
The company's conversion to a C-Corp aims to attract more investors and enhance shareholder value, supported by key growth initiatives.
Despite setbacks and challenges, Calumet is actively pursuing opportunities in SAF production, debt reduction, and market expansion for renewable products.

Calumet reports mixed Q1 results, focuses on growth opportunities

Calumet Specialty Products Partners reported mixed Q1 2024 results, with operational challenges at Montana Renewables but strength in Performance Brands and specialties business.
The company is focused on deleveraging, reducing debt levels, and proving the competitive advantage of Montana Renewables to attract investors.
Despite industry challenges and uncertainties, Calumet sees opportunities in the SAF sector, potential transactions, and the C-Corp conversion.
Investor sentiment is positive towards the C-Corp conversion, with expectations of increased trading liquidity and new institutional investors.

Calumet Inc reports robust Q2 earnings, eyes renewable energy growth

Calumet Inc's Q2 performance reflects strong financial results and operational achievements across its specialty and renewable businesses.
The company's focus on driving shareholder value through the C-Corp conversion and debt reduction efforts is evident in its strategic initiatives.
While facing challenges in regulatory monitoring and funding for expansion projects, Calumet remains optimistic about growth opportunities in renewable energy markets.

Calumet Inc (CLMT) reports robust Q3 performance and strategic advancements

Calumet Inc (CLMT) demonstrated strong financial performance and strategic advancements in Q3 2024, positioning the company for continued growth and value creation.
Management's focus on deleveraging, organic growth, and potential asset sales underscores a commitment to enhancing shareholder value and financial stability.
Analyst inquiries highlighted areas of interest and potential challenges, signaling a need for continued operational excellence and strategic decision-making.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Calumet, Inc. engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by a unique integrated complex in Northwest Louisiana. The Performance Brands segment includes a fast-growing portfolio of high-quality, high performing brands. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Corporate segment focuses on the general and administrative expenses not allocated to the Montana/Renewables, Specialty Products and Solutions, or Performance Brands segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.

Calumet Specialty Products (CLMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Calumet Specialty Products (CLMT) Might Surprise This Earnings Season

Calumet is set to report more than stellar earnings with cash flow from operations above $100 million. This 2nd quarter type of result is likely to continue into at least the 3rd quarter.

The Final Countdown For Calumet Specialty Products' Launch Continues

Redefining a brand whose street credit has gone global PORTER, Texas , July 25, 2022 /PRNewswire/ -- "No Matter What Drives You." It's the new, multiphase branding campaign from leading global synthetic lubricants brand, Royal Purple®.

Royal Purple® Launches New "No Matter What Drives You" Branding Campaign

Fuel system additives show 6-10% savings on fuel economy PORTER, Texas , July 21, 2022 /PRNewswire/ -- As gasoline prices hit an all-time high of $5, consumers and businesses are in search of ways to save on fuel costs. The experts behind the Royal Purple® brand report that utilizing the correct fuel system additives can save up to 6-10% on fuel economy.

Royal Purple® is a surprising way to save on gas

INDIANAPOLIS , July 21, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today that it plans to report results for the second quarter 2022 on August 5, 2022.

Calumet to Release Second Quarter 2022 Results on August 5, 2022

The mean of analysts' price targets for Calumet Specialty Products Partners, L.P. (CLMT) points to an 111.7% upside in the stock.

Wall Street Analysts Believe Calumet Specialty Products Partners, L.P. (CLMT) Could Rally 112%: Here's is How to Trade

Calumet Specialty Products Partners, L.P. (CLMT) was a big mover last session on higher-than-average trading volume.

Strength Seen in Calumet Specialty Products Partners, L.P. (CLMT): Can Its 6.2% Jump Turn into More Strength?

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT ) Q1 2022 Earnings Conference Call May 6, 2022 9:00 AM ET Company Participants Brad McMurray - IR Todd Borgmann - CEO Vincent Donargo - CFO Bruce Fleming - EVP of Montana/Renewables and Corporate Development Scott Obermeier - EVP of Specialty Products and Solutions Marc Lawn - EVP Performance Brands Steve Mawer - Executive Chairman Conference Call Participants Amit Dayal - H.C.

Calumet Specialty Products Partners, L.P. (CLMT) CEO Todd Borgmann on Q1 2022 Results - Earnings Call Transcript

Net loss of $95.5 million, or $(1.18) per unit for the first quarter 2022 Positive outlook for Specialties business – healthy specialty margins, exceptional fuels margins Standing up premier renewable diesel business; significant feedstock volumes and product offtake secured Renewables monetization and excellent Specialties outlook provide dual path to accelerate deleveraging INDIANAPOLIS , May 6, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the first quarter ended March 31, 2022, as follows:   Three Months Ended March 31, 2022 2021 (Dollars in millions, except per unit data) Net loss $                (95.5) $              (146.1) Net loss per unit $                (1.18) $                (1.82) Adjusted EBITDA $                 23.3 $                  (5.4)   Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 2022 2021 (Dollars in millions, except per barrel data) Gross profit (loss) $              17.7 $             (38.3) $                  13.3 $                  23.5 $                    1.7 $                (27.2) Adjusted gross profit (loss) $              50.7 $                4.5 $                  13.9 $                  24.2 $                  18.3 $                   (0.4) Adjusted EBITDA $              28.1 $               (2.2) $                    5.3 $                  16.0 $                    9.0 $                   (2.0) Gross profit (loss) per barrel $              3.21 $           (10.21) $             100.00 $             166.67 $                  0.68 $              (10.86) Adjusted gross profit (loss) per barrel $              9.19 $              1.19 $             104.51 $             171.63 $                  7.36 $                (0.17)   "I'd like to thank Steve for his leadership these last two years, and I look forward to continuing to work with him in his new role as our Executive Chairman," said Todd Borgmann, CEO.

Calumet Specialty Products Partners, L.P. Reports First Quarter 2022 Results

Calumet (CLMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Calumet (CLMT) This Earnings Season?

The average of price targets set by Wall Street analysts indicates a potential upside of 45.5% in Calumet Specialty Products Partners, L.P. (CLMT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Calumet Specialty Products Partners, L.P. (CLMT)? Wall Street Analysts Think 46%

INDIANAPOLIS , April 21, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today plans to report results for the first quarter 2022 on May 6, 2022.

Calumet to Release First Quarter 2022 Results on May 6, 2022

SHREVEPORT, La., March 21, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P.

CALUMET ANNOUNCES CHARITY GOLF TOURNAMENT

Calumet's exceptional management is giving investors unique investment opportunities, when perhaps disastrous results might have been the normal.

Calumet Specialty Products Partners, L.P. Always Landing On Its Feet

Calumet Specialty Products Partners, L.P. (CLMT) CEO Steve Mawer on Q4 2021 Results - Earnings Call Transcript

INDIANAPOLIS, Feb. 25, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), a leading independent producer of petroleum-based specialty products, today reported results for the fourth quarter and year ended December 31, 2021, as follows: Three Months Ended December 31, Year Ended December 31, 2021 2020 2021 2020 (Dollars in millions, except per unit data) Net loss $                (87.1) $                (82.1) $              (260.1) $              (149.0) Net loss per unit $                (1.08) $                (1.03) $                (3.23) $                (1.86) Adjusted EBITDA $                  24.6 $                  33.8 $                110.3 $                217.3   Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2021 2020 2021 2020 2021 2020 (Dollars in millions, except per barrel data) Gross profit (loss) $              19.2 $               (8.1) $                  11.8 $                  19.9 $                    1.5 $                 (17.2) Adjusted gross profit $              34.9 $              23.8 $                  12.1 $                  20.9 $                  11.0 $                    3.2 Adjusted EBITDA $              28.7 $              25.4 $                    3.7 $                  14.0 $                    9.2 $                    6.5 Gross profit (loss) per barrel $              3.97 $             (1.68) $              107.27 $              160.48 $                  0.66 $                 (6.67) Adjusted gross profit per barrel $              7.22 $              4.95 $              110.00 $              168.55 $                  4.82 $                  1.24   Specialty Products and Solutions Performance Brands Montana/Renewables Year Ended December 31, Year Ended December 31, Year Ended December 31, 2021 2020 2021 2020 2021 2020 (Dollars in millions, except per barrel data) Gross profit $              62.6 $              18.7 $                  68.3 $                  79.6 $                  12.0 $                    0.8 Adjusted gross profit $            130.3 $            146.2 $                  67.3 $                  84.0 $                  52.5 $                  61.5 Adjusted EBITDA $            104.6 $            151.0 $                  33.8 $                  61.1 $                  44.4 $                  71.4 Gross profit per barrel $              3.40 $              0.90 $              135.25 $              157.94 $                  1.20 $                  0.08 Adjusted gross profit per barrel $              7.08 $              7.03 $              133.27 $              166.67 $                  5.23 $                  5.89 Strategic Update: Since the beginning of the fourth quarter, Calumet has raised $675 million of outside capital, allowing the company to carve out, capitalize, and stand up MRL while redeeming all 2022 and 2023 maturities.

Calumet Specialty Products Partners, L.P. Reports Fourth Quarter and Year End 2021 Results

INDIANAPOLIS, Feb. 24, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today announced that Calumet co-founder Fred Fehsenfeld, Chairman of the Board of the general partner of Calumet has elected to retire effective May 1, 2022.

Calumet Chairman Fred Fehsenfeld to Retire, Leadership Succession Plan Announced

INDIANAPOLIS, Feb. 10, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today plans to report results for the fourth quarter and full year 2021 on February 25, 2022.

Calumet Specialty Products Partners, L.P. to Release Fourth Quarter and Full Year 2021 Results on February 25, 2022

INDIANAPOLIS, Jan. 24, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet", "Partnership", "we" or "our") announced the closing of the offering for $325 million 2027 senior unsecured notes (the "Offering").

Calumet Closes $325 Million Notes Offering, Recaps Recent Financing Activity

INDIANAPOLIS, Jan. 12, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet") and its wholly-owned subsidiary Calumet Finance Corp. announced today the pricing of their private placement (the "Offering") under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), of $325 million in aggregate principal amount of 8.125% Senior Notes due 2027 (the "Notes").

Calumet Specialty Products Partners, L.P. Announces Pricing of $325 Million Upsized Private Placement of 8.125% Senior Notes due 2027

INDIANAPOLIS, Jan. 12, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet") and its wholly-owned subsidiary Calumet Finance Corp. announced today that, subject to market conditions, they intend to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $300 million in aggregate principal amount of senior unsecured notes due 2027.

Calumet Specialty Products Partners, L.P. Announces $300 Million Private Placement of Senior Notes Due 2027 and Issues Notice of Conditional Redemption for its 7.75% Senior Notes due 2023

Here is how Calumet Specialty Products Partners, L.P. (CLMT) and CVR Energy (CVI) have performed compared to their sector so far this year.

Is Calumet Specialty Products Partners, L.P. (CLMT) Stock Outpacing Its Oils-Energy Peers This Year?

INDIANAPOLIS, Jan. 4, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT, "Calumet") announced today that Montana Renewables LLC ("MRL") has closed the previously announced $50 million of project financing from Stonebriar Commercial Finance LLC ("Stonebriar") related to construction of the renewable hydrogen plant for Calumet's renewable diesel business in Great Falls, Montana.

Calumet Announces Close of Renewable Hydrogen Project Financing

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Calumet Specialty Products Partners, L.P. (CLMT) could be a great choice.

Fast-paced Momentum Stock Calumet Specialty Products Partners, L.P. (CLMT) Is Still Trading at a Bargain

INDIANAPOLIS, Nov. 30, 2021 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT, "Calumet") will participate in the Cowen 2021 Energy Summit and the Bank of America Securities Leveraged Finance Conference 2021 on December 1 st and 2nd, 2021.

News for Calumet Inc Stock (CLMT)