Calumet Specialty Products ( (CLMT) ) has released its Q2 earnings. Here is a breakdown of the information Calumet Specialty Products presented to its investors.
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Calumet Specialty Products, headquartered in Indianapolis, Indiana, is a diversified manufacturer and marketer of specialty branded products and renewable fuels, operating across consumer-facing and industrial markets in North America.
In its second quarter of 2025 earnings report, Calumet announced a net loss of $147.9 million, translating to a loss of $1.70 per share. Despite the loss, the company achieved an Adjusted EBITDA with Tax Attributes of $76.5 million, highlighting significant cost reduction initiatives and strategic advancements in its Montana Renewables segment.
Key financial metrics revealed a year-over-year operating cost savings of $42 million, with Montana Renewables on track to achieve 120-150 million gallons of annualized SAF production by the second quarter of 2026. The Specialties business showed robust margin expansion and strong sales volume, overcoming challenges such as a planned turnaround at the Shreveport facility. The Performance Brands segment maintained strong margin performance, particularly in the TruFuel brand.
Looking forward, Calumet’s management remains focused on strategic objectives, including regulatory advancements in renewables and the MaxSAF™ expansion. The company also improved its capital structure by calling $230 million of 2026 Senior Notes, aiming to enhance its cash flow profile through disciplined operations and commercial execution.