Calumet reports Q1 basic EPS ($3.64) vs. ($1.87) last year

Reports Q1 revenue $1.03B vs. $993.9M last year. “The first quarter of 2026 marked a pivotal moment in Calumet’s (CLMT) transformation,” said Todd Borgmann, CEO. “Late in the quarter, we saw the renewable fuels market fundamentally transformed following EPA’s long-awaited SET2 RVO announcement in March, and we entered one of the strongest margin environments we’ve seen across both traditional and renewable energy markets. Further, we brought down Montana Renewables for a turnaround and MaxSAF 150 expansion in early March, and successfully commenced operations in early May. While these developments did not fully benefit first quarter financial results due to previously disclosed operational downtime at our Shreveport facility and the planned expansion work in Montana, Calumet is exceptionally well positioned to capture these tailwinds, accelerate deleveraging, and continue our long-term growth and value creation strategy.”