Calumet, Inc. engages in the manufacturing, formulation, and sale of specialty branded products and renewable fuel. It operates through the following segments: ...
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Est. EPS $1.38 · Revenue $1.26B · 1 analysts
Est. EPS $0.87 · Revenue $1.21B · 2 analysts
Est. EPS $-2.48 · Revenue $4.94B · 2 analysts
Est. EPS $0.46 · Revenue $1.19B · 1 analysts
EPS $-1.87 · Revenue $993.90M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $4.1B | -1.2% | +40.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-33.8M | +84.8% | +69.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +5.9% | +7.8% | +114.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +1.3% | +577.6% | +83.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -0.8% | +84.6% | +78.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $56.6M | +146.0% | +154.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +1.4% | +146.6% | +138.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -335.6% | -0.8% | +16.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.02x | +15.0% | -12.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.7B | -2.5% | +1.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.39 vs -0.35 | -9.9% | -1.09 vs 1.38 | -179.2% |
| Revenue Surprise | $4.1B vs $4.2B | -0.5% | $1.4B vs $1.3B | +15.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Raymond Paul C | director | Restricted Stock Unit | A | 534 | — |
| Aug 20, 2026 | Raymond Paul C | director | Restricted Stock Units | A | 178 | — |
| Aug 20, 2026 | Mawer Stephen P | director | Restricted Stock Unit | A | 690 | — |
| Aug 20, 2026 | Mawer Stephen P | director | Restricted Stock Units | A | 230 | — |
| Aug 20, 2026 | Schumacher Amy M | director | Restricted Stock Unit | A | 488 | — |
Operator: Good day, and welcome to the Calumet Inc. Second Quarter 2026 Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to John Kompa, Investor Relations. Please go ahead. John Kompa: Thanks, David. Good morning. Thank you for joining our second quarter 2026 earnings call. With me on today's call are Todd Borgmann, CEO; David Lunin, EVP and Chief Financial Officer; Bruce Fleming, EVP, Montana Renewables and Corporate Development; and Scott Obermeier, President, Specialties. You may now download the slides that accompany the remarks made on today's conference call, which can be accessed in the Investor Relations section of our website at calumet.com. Also, a webcast replay of this call will be available on our site within a few hours. Turning to the presentation. On Slide 2, you can find our cautionary statements. I'd like to remind everyone that during this call, we may provide various forward-looking statements. Please refer to our press release that was issued this morning as well as our latest filings with the SEC for a list of factors that may affect our actual results and cause them to differ from our expectations. As we turn to Slide 3, I'll now pass the call to Todd. Louis Borgmann: Thanks, John. Good morning, and welcome to today's call. The last time we were together, we expressed that this year was setting up a lot like 2022, and the second quarter delivered on that with $175 million of adjusted EBITDA with tax attributes despite starting the period with 3 planned turnarounds in Princeton, Cotton Valley and Montana Renewables. Just as important as the quarterly earnings is what they mean for Calumet's strategic positioning. Our restricted group leverage ratio is now below 4x. And with the first phase of our MaxCalf 150 expansion behind us and strong cash flows in all businesses, we're expecting to surpass 3x next quarter. About a month ago, we called $100 million of notes. And last week, we terminated the sale leaseback of our CMR truck rack with $115 million repurchase, eliminating that high interest debt. The outlook is for continued and accelerated deleveraging from here. So the conversation today is increasingly about what our self-funding and growing platform does next. Let's turn to Slide 4, and we'll start with our specialties business. We've long talked about our integrated specialty strategy. And this quarter, we saw it in spades. Our routinely high-margin specialty products are exposed to an extremely favorable market dynamic, we'll hit on momentarily. As we've discussed previously, our specialty products are sourced from crude oil, which is a competitive advantage as relying on sourcing intermediates in the current market is a challenging position given the value of those intermediates to fuels processors and the scarcity of them in general. Further, processing crude to generate specialties means we're exposed to the fuels and asphalt coproducts …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Louis Todd Borgmann | President, Chief Executive Officer & Director | USD 2,344,247 | Male | 1983 | Active |
Bruce A. Fleming | Executive Vice President of Montana Renewables & Corporate Development | USD 1,178,450 | Male | 1957 | Active |
Scott Obermeier | President of Specialties | USD 1,152,772 | Male | 1973 | Active |
David Lunin | Executive Vice President & Chief Financial Officer | USD 1,108,805 | Male | 1981 | Active |
Gregory J. Morical | Senior Vice President, General Counsel & Secretary | USD 809,774 | Male | 1969 | Active |
John Robert Krutz | Chief Accounting Officer | USD 434,399 | Male | 1976 | Active |
John Kompa | Director of Investor Relations | — | Male | — | Active |
Chris Hodges | Alpha IR | — | Male | — | Active |
BlackRock Inc. boosted its position in Calumet, Inc. (NASDAQ: CLMT) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,234,106 shares of the oil and gas company's stock after buying an additional 253,578 shares during the quarter. BlackRock
NEW YORK, Aug. 27, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Calumet, Inc. ("Calumet" or the "Company") (NASDAQ: CLMT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Calumet, Inc. (“Calumet” or the “Company”) (NASDAQ: CLMT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
INDIANAPOLIS, Aug. 25, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend the Barclays 40th Annual Energy-Power Conference on Thursday, September 10 and will hold one-on-one investor meetings throughout the day. About Calumet Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets.
On August 18, 2026, Calumet Inc (CLMT) shares rose 5.1% today, reaching a current price of $50.81. The stock has experienced significant price movements over th
