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Calumet Specialty Products (CLMT)
NASDAQ:CLMT
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.29Last Year’s EPS
-0.48Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 09, 2025
|% Change Since: 19.38%
|Next Earnings Date:Aug 08, 2025
Earnings Call Sentiment|Positive
Calumet demonstrated strong financial and operational performance with successful debt reduction, strong specialty products performance, and accelerated project timelines in the renewable segment. However, challenges in the renewable market caused by regulatory changes and operational difficulties during winter posed some headwinds.Company Guidance
In the first quarter of 2025, Calumet, Inc. provided guidance on several key metrics, emphasizing strategic financial maneuvers and operational efficiencies. The company reported a successful quarter characterized by a $150 million partial call of 2026 notes as part of its deleveraging strategy and completion of the accretive sale of the Royal Purple industrial business. Calumet also forecasted a significant milestone in its Montana Renewables MaxSAF project, expecting to reach 150 million gallons of SAF capacity more cheaply and quickly than initially planned. Operationally, the company highlighted a $22 million reduction in total system operating costs, driven by a $5 per barrel cost reduction, despite a $4 million increase in natural gas expenses. The specialty business saw an 8% increase in production volume, with operational costs improved by $1.50 per barrel. Additionally, Montana Renewables generated $2.4 million of adjusted EBITDA in the first quarter, showcasing resilience in a challenging market environment. The company also announced an ambitious plan to increase SAF production to 120-150 million gallons by early 2026 for $20-$30 million of capital, leveraging existing assets for this expansion.Successful DOE Loan and Debt Reduction
Calumet closed and funded the first DOE loan under the Trump administration, reducing annual cash flow from debt service by approximately $80 million per year.
Strong Specialty Products Performance
Specialty Products segment generated $56.3 million in adjusted EBITDA, with one of the highest quarters on record for SPS volumes at approximately 23,000 barrels per day.
Accretive Sale of Royal Purple Industrial Business
The sale brought in roughly $100 million of cash proceeds at an attractive multiple, streamlining the Performance Brands segment.
Cost Reduction Achievements
Operating costs were reduced by over $22 million compared to the previous year, driven by innovations at Montana Renewables and improvements in the specialty business.
MaxSAF Project Acceleration
Expectations improved for the Montana Renewables MaxSAF project, achieving 150 million gallons of SAF capacity more cheaply and quickly, with capital costs reduced from $150-$250 million to $20-$30 million.
Performance Brands Growth
Performance Brands segment posted strong quarterly results of $15.8 million, reflecting volume growth and commercial improvements.
CLMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CLMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 09, 2025 | $11.87 | $12.32 | +3.79% |
Feb 28, 2025 | $14.98 | $14.33 | -4.34% |
Nov 08, 2024 | $20.26 | $22.24 | +9.77% |
Aug 09, 2024 | $11.79 | $13.64 | +15.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Calumet Specialty Products (CLMT) report earnings?
Calumet Specialty Products (CLMT) is schdueled to report earning on Aug 08, 2025, TBA Not Confirmed.
What is Calumet Specialty Products (CLMT) earnings time?
Calumet Specialty Products (CLMT) earnings time is at Aug 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLMT EPS forecast?
CLMT EPS forecast for the fiscal quarter 2025 (Q2) is -0.29.