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Calumet Specialty Products ( (CLMT) ) has shared an announcement.
On January 6, 2026, Calumet, Inc. said its subsidiaries plan, subject to market conditions, to privately place $350 million of senior unsecured notes due 2031, with proceeds, together with cash and revolver borrowings, earmarked to redeem all of their 11.00% senior notes due 2026 around January 21, 2026 and $275 million of 8.125% senior notes due 2027 around January 16, 2026, effectively extending the company’s debt maturities and continuing a multi‑year balance‑sheet de‑leveraging drive. The transaction comes as Calumet highlights cost reductions of $60 million over the first three quarters of 2025, record production in its Specialty Products and Solutions segment, ongoing infrastructure upgrades at key facilities such as Shreveport, and the expansion of its Montana Renewables operations—including the MaxSAF 150 project that targets 120–150 million gallons of annual sustainable aviation fuel production by the second quarter of 2026—underscoring its strategic push toward higher‑margin specialty and renewable products and more resilient cash flows.
The most recent analyst rating on (CLMT) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Calumet Specialty Products stock, see the CLMT Stock Forecast page.
Spark’s Take on CLMT Stock
According to Spark, TipRanks’ AI Analyst, CLMT is a Neutral.
Calumet’s overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and high leverage. However, positive technical indicators and strong earnings call results, including cost reductions and strategic progress, provide some optimism. The valuation remains unattractive due to ongoing losses.
To see Spark’s full report on CLMT stock, click here.
More about Calumet Specialty Products
Calumet, Inc., through its subsidiaries including Calumet Specialty Products Partners, operates in the specialty petroleum products and renewable fuels industry, producing specialty lubricants, solvents, waxes, asphalt, fuels and a growing slate of low‑carbon products. Its assets include multiple refining and specialty production facilities across the United States, notably the Shreveport and Great Falls/Montana operations, plus extensive storage and logistics infrastructure and leased railcars that support distribution across North America. The Montana Renewables facility, carved out of the former Great Falls refinery, focuses on renewable diesel, sustainable aviation fuel and other renewable products for markets in the western half of North America and is treated as an unrestricted subsidiary for note covenant purposes.
Average Trading Volume: 687,771
Technical Sentiment Signal: Buy
Current Market Cap: $1.69B
See more insights into CLMT stock on TipRanks’ Stock Analysis page.