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CLMT Stock Chart & Stats
$41.69
-$1.03(-2.47%)
At close: 4:00 PM EDT
$41.69
-$1.03(-2.47%)
Day’s Range― - ―
52-Week Range$12.94 - $45.20
Previous CloseN/A
Volume150.45K
Average Volume (3M)1.02M
Market Cap
$3.85B
Enterprise Value$5.53K
Total Cash (Recent Filing)$138.60M
Total Debt (Recent Filing)$2.50B
Price to Earnings (P/E)―
Beta1.01
Next Earnings
Aug 07, 2026EPS Estimate
0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.16
Shares Outstanding87,147,150
10 Day Avg. Volume1,375,649
30 Day Avg. Volume1,016,036
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)-2.35
Price to Sales (P/S)0.42
P/FCF Ratio30.46
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$44.67Price Target Upside7.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-1.35
Revenue Forecast (FY)$4.58B
Bulls Say, Bears Say
Bulls Say
Improved Cash GenerationCalumet has meaningfully turned free cash flow positive on a TTM basis (~$85M) with strong operating cash flow (~$133M). This improved cash generation provides a durable funding source to accelerate deleveraging, fund sensible maintenance and growth capex, and support working-capital needs versus prior years of negative FCF.
Montana Renewables ExpansionThe on‑time, on‑budget MaxSAF 150 start-up at Montana Renewables materially increases Calumet's renewable SAF capacity and is expected to lift annual SAF volumes 4–5x. Contractual SAF premiums ($1–$2/gal) and management’s $30–$50M annual EBITDA target for the site create a structural earnings and margin growth avenue less tied to commodity fuels volatility.
Specialties Business ResilienceThe Specialty Products segment shows durable demand and pricing power: consistent volumes above 20k bpd, repeated price increases and a sustained ~$54/boe margin indicate differentiation versus commodity fuels. This stable, higher‑value product mix supports steadier margins and recurring cash flow over the medium term.
Bears Say
Deeply Negative EquityCalumet’s deeply negative equity (~-$1.04B TTM) materially constrains financial flexibility and increases refinancing and covenant risk. Even with lower reported debt versus prior years, persistent negative equity limits access to unsecured capital, raises funding costs, and restricts the company’s ability to invest or absorb shocks without further balance‑sheet actions.
Volatile Profitability & Thin MarginsEarnings have been volatile—profitable in 2023 but back to losses in 2024 and a sizable TTM loss—with gross margins compressed to ~5–6%. Thin margins and swings in profitability reduce the company’s buffer against feedstock or product price shocks and make medium‑term cash flow less predictable despite recent revenue rebounds.
Operational Execution RiskA contamination event at Shreveport that produced ~750k barrels of lost production and >$30M in foregone margin highlights persistent operational risks. Plant reliability and feedstock quality control directly affect volumes, unit costs and near‑term EBITDA; recurring execution issues would undermine cash generation and the benefits of capacity expansions.
Calumet Specialty Products News
CLMT FAQ
What was Calumet Specialty Products’s price range in the past 12 months?
Calumet Specialty Products lowest stock price was $12.94 and its highest was $45.20 in the past 12 months.
What is Calumet Specialty Products’s market cap?
Calumet Specialty Products’s market cap is $3.85B.
When is Calumet Specialty Products’s upcoming earnings report date?
Calumet Specialty Products’s upcoming earnings report date is Aug 07, 2026 which is in 5 days.
How were Calumet Specialty Products’s earnings last quarter?
Calumet Specialty Products released its earnings results on May 08, 2026. The company reported -$3.64 earnings per share for the quarter, missing the consensus estimate of -$0.333 by -$3.307.
Is Calumet Specialty Products overvalued?
According to Wall Street analysts Calumet Specialty Products’s price is currently Undervalued.
Does Calumet Specialty Products pay dividends?
Calumet Specialty Products pays a Quarterly dividend of $0.685 which represents an annual dividend yield of N/A. See more information on Calumet Specialty Products dividends here
What is Calumet Specialty Products’s EPS estimate?
Calumet Specialty Products’s EPS estimate is 0.07.
How many shares outstanding does Calumet Specialty Products have?
Calumet Specialty Products has 87,147,150 shares outstanding.
What happened to Calumet Specialty Products’s price movement after its last earnings report?
Calumet Specialty Products reported an EPS of -$3.64 in its last earnings report, missing expectations of -$0.333. Following the earnings report the stock price went down -7.31%.
Which hedge fund is a major shareholder of Calumet Specialty Products?
Currently, no hedge funds are holding shares in CLMT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Calumet Specialty Products Stock Smart Score
Outperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$44.67 (7.14% Upside)
$44.67 (7.14% Upside)
Blogger Sentiment
Bullish
CLMT Sentiment 67%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 13.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
144.69%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-2.43%
Trailing 12-Months
Company Description
Calumet Specialty Products
Calumet, Inc. engages in the manufacturing, formulation, and sale of specialty branded products and renewable fuel. It operates through the following segments: Specialty Products and Solutions, Montana/Renewables, Performance Brands, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulation businesses. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Performance Brands segment includes Royal Purple, Bel-Ray, and TruFuel. The Corporate segment focuses on the general and administrative expenses not allocated to other segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.
CLMT Company Deck
CLMT Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook: management highlighted a favorable macro margin environment (strong crack spreads and a supportive Set 2 RVO), successful completion and start-up of the Montana Renewables expansion, meaningful EBITDA improvement at Renewables, resilient specialties performance (six consecutive quarters >20k bpd and $54/boe specialties margin), and targeted hedging to de-risk high-margin fuels. Offsetting these positives were Q1 execution headwinds (Shreveport downtime, organic chloride contamination with ~750k barrels lost and >$30M of opportunity cost), temporary specialty EBITDA compression versus last year, hedge losses (~$6M realized) and working capital pressure from rapid price moves. Overall, the favorable market dynamics, strategic milestones, and remediation of operational issues suggest that highlights significantly outweigh the lowlights.View all CLMT earnings summariesCLMT Stock 12 Month Forecast
Average Price Target
$44.67
▲(7.14% Upside)
Technical Analysis
Kimbell Royalty Partners
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Talos Energy
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Vitesse Energy, Inc.
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Mach Natural Resources LP
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BKV Corporation
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Ownership Overview
19.81% Insiders
8.27% Mutual Funds
0.55% Other Institutional Investors
58.68% Public Companies and
Individual Investors