Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. Its Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products that are used primarily as raw material components for basic industrial, consumer, and automotive goods. The company's Fuel Products segment provides fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt, and heavy fuel oils, as well as resells purchased crude oil to third party customers. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana.
IPO Year: 2006
Exchange: NASDAQ
Website: calumetspecialty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $15.00 → $12.00 | Sell → Neutral | UBS |
| 3/4/2025 | $26.00 → $16.00 | Buy → Hold | TD Cowen |
| 2/4/2025 | $20.50 → $15.00 | Neutral → Sell | UBS |
| 11/11/2024 | $27.00 → $26.00 | Buy | TD Cowen |
| 10/17/2024 | $22.00 → $27.00 | Buy | TD Cowen |
| 8/12/2024 | $20.00 → $18.00 | Buy | TD Cowen |
| 8/18/2022 | $14.00 → $23.00 | Neutral → Buy | Goldman |
| 2/28/2022 | $23.00 → $20.00 | Outperform | Cowen |
| 2/28/2022 | $19.00 → $28.00 | Buy | HC Wainwright & Co. |
| 1/6/2022 | $23.00 | Neutral | Credit Suisse |
144 - Calumet, Inc. /DE (0002013745) (Subject)
SCHEDULE 13G - Calumet, Inc. /DE (0002013745) (Subject)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
144 - Calumet, Inc. /DE (0002013745) (Subject)
144 - Calumet, Inc. /DE (0002013745) (Subject)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
SCHEDULE 13D - Calumet, Inc. /DE (0002013745) (Subject)
SCHEDULE 13G/A - Calumet, Inc. /DE (0002013745) (Subject)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
SCHEDULE 13G/A - Calumet, Inc. /DE (0002013745) (Subject)
INDIANAPOLIS, March 17, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we") today announced that Julio Quintana and Karen Narwold have been selected as nominees for election to the Board of Directors of Calumet (the "Board") at the Company's 2025 Annual Meeting of Stockholders (the "Annual Meeting"). After successfully guiding the Company through the transition from a master limited partnership (MLP) to a C-Corporation, Jim Carter and Dan Sheets have informed the Board of their decision not to seek re-election and to retire at the end of their terms following the Annual Meeting. In connection with the Company's ongoing governance transition process, Calumet's
INDIANAPOLIS, March 4, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet") announced today plans to attend the Wolfe Research Refining Conference Thursday, March 6, 2025, in New York. Calumet will be holding one-on-one investor meetings throughout the day at the conference. About Calumet Calumet, Inc. (NASDAQ:CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America. View original content:https://www.prnewswire.com/news-releases/calumet-to-
WICHITA, Kas., Feb. 28, 2025 /PRNewswire/ -- Lubrication Engineers, Inc. ("LE"), a leading developer and manufacturer of high-performance industrial lubricants and asset reliability solutions, today announced that it has entered into a definitive agreement to acquire the industrial brands and products of Royal Purple ("RPI"), a leading provider of specialty synthetic performance lubricants and greases for diversified industrial applications. Upon completion of the transaction, LE will become the exclusive manufacturer and seller of Royal Purple®-branded industrial products, while Calumet, Inc. ("Calumet") (NASDAQ:CLMT) will retain ownership of the consumer portion of Royal Purple and all rel
Fourth quarter 2024 net loss of $40.7 million, or basic loss per common share of $0.47 per shareFourth quarter 2024 Adjusted EBITDA of $56.6 millionAnnounces sale of Royal Purple® industrial business for $110 millionMontana Renewables received initial funds from U.S. Department of Energy ("DOE") loan in February 2025Specialties business posts record sales volume and cost improvement in 2024INDIANAPOLIS, Feb. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the fourth quarter ended December 31, 2024, as follows: Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Dollars
INDIANAPOLIS, Feb. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us") announced it has entered into a definitive agreement with a wholly owned subsidiary of Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners, to sell assets related to the industrial portion of its Royal Purple® business, for $110 million. Calumet will retain, and continue to grow, the consumer portion of the Royal Purple business and the Royal Purple production facility in Porter, TX. The transaction of Royal Purple's high performance synthetic industrial product line includes industrial gear lubricants, bio-environmental lubricants, stationary natu
INDIANAPOLIS, Feb. 19, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet") announced today plans to attend the Raymond James Institutional Investors Conference on Tuesday, March 4, 2025, in Orlando, Florida. Calumet will be holding one-on-one investor meetings throughout the day at the conference. About Calumet Calumet, Inc. (NASDAQ:CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America. View original content:https://www.prnewswire.com/
Initial loan proceeds of $782 million funded todayBalance of proceeds to be funded during planned expansion from 2025 through 2028DOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per yearINDIANAPOLIS, Feb. 18, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet," "we," "our" or "us") announced today that Montana Renewables, LLC, an unrestricted subsidiary of Calumet ("Montana Renewables" or "MRL"), has received its first drawdown of approximately $782 million from its $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan funds the construction and expansion of the re
INDIANAPOLIS, Feb. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the Fourth Quarter and Fiscal Year 2024 on February 28, 2025. A conference call to discuss the financial and operational results is scheduled for February 28th at 9:00 AM ET. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides; parties interested in listening to the webcast may follow the link which will be made available at http://calumetspecialty.investorroom.com/events. For those participants w
INDIANAPOLIS, Jan. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet," the "Company," "we," "our" or "us") has been informed by the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") that the first tranche of approximately $782 million under the guaranteed loan facility that was previously approved for funding today, January 28, will undergo a tactical delay to confirm alignment with White House priorities. The loan facility, which closed on January 10, will fund the construction and expansion of the renewable fuels facility in Great Falls, Montana, owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet. The Company w
INDIANAPOLIS, Jan. 15, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us") provided an update on its recent financing activity, including the pricing by its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp., of their private placement of $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "Notes Offering") and registration its $65 million at-the-market equity program (the "ATM Program"). "Yesterday's successful bond pricing was a targeted piece of refinancing," said Todd Borgmann, CEO. "In conjunction with the notes offering, Calumet registered a small AT
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet Specialty Products Partners, L.P. (0001340122) (Issuer)
SC 13G/A - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
SC 13G/A - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
SC 13G/A - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
SC 13G/A - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
SC 13G/A - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
SC 13G - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
SC 13G - Calumet Specialty Products Partners, L.P. (0001340122) (Subject)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
4 - Calumet, Inc. /DE (0002013745) (Issuer)
Fourth quarter 2024 net loss of $40.7 million, or basic loss per common share of $0.47 per shareFourth quarter 2024 Adjusted EBITDA of $56.6 millionAnnounces sale of Royal Purple® industrial business for $110 millionMontana Renewables received initial funds from U.S. Department of Energy ("DOE") loan in February 2025Specialties business posts record sales volume and cost improvement in 2024INDIANAPOLIS, Feb. 28, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the fourth quarter ended December 31, 2024, as follows: Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 (Dollars
INDIANAPOLIS, Feb. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the Fourth Quarter and Fiscal Year 2024 on February 28, 2025. A conference call to discuss the financial and operational results is scheduled for February 28th at 9:00 AM ET. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides; parties interested in listening to the webcast may follow the link which will be made available at http://calumetspecialty.investorroom.com/events. For those participants w
INDIANAPOLIS, Jan. 10, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to hold an analysts call on January 13, 2025, at 9:00 a.m. ET to discuss the closing of its $1.44 billion guaranteed loan with the U.S. Department of Energy Loan Programs Office. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides; parties interested in listening to the webcast may follow the link which will be made available at http://calumetspecialty.investorroom.com/events. For those participants wishing to dial i
Third quarter 2024 net loss of $100.6 million, or basic loss per common share of $1.18 per shareThird quarter 2024 Adjusted EBITDA of $49.8 millionMontana Renewables ("MRL") set another new SAF production volume recordSpecialties business posted highest production levels in over five yearsMontana Renewables announced conditional commitment of $1.44 billion Department of Energy ("DOE") loanSuccessfully completed conversion from a Master Limited Partnership ("MLP") to a C-CorpINDIANAPOLIS, Nov. 8, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the third quarter ended September 30, 2024, as follows: T
INDIANAPOLIS, Oct. 25, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the Third Quarter 2024 on November 8, 2024. A conference call to discuss the financial and operational results is scheduled for November 8th at 9:00 AM ET. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides; parties interested in listening to the webcast may follow the link which will be made available at http://calumetspecialty.investorroom.com/events. For those participants wishing to dial into
Second quarter 2024 net loss of $39.1 million, or Limited partners' interest of $0.48 basic net loss per unitSecond quarter 2024 Adjusted EBITDA of $66.8 millionSuccessfully completed conversion of structure from a Master Limited Partnership ("MLP") to a C-CorpMontana Renewables ("MRL") achieved full production levels for the second quarter; produced approximately 7 million gallons of SAFRecord volumes achieved in both Specialties and Renewables businessesINDIANAPOLIS, Aug. 9, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) today reported results of Calumet Specialty Products Partners, L.P. (the "Partnership," "Calumet," "we," "our" or "us") for the second quarter ended June 30, 2024, as fo
INDIANAPOLIS, July 26, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the second quarter 2024 on August 9, 2024. A conference call to discuss the financial and operational results is scheduled for August 9, 2024 at 9:00 AM ET. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides; parties interested in listening to the webcast may follow the link which will be made available at http://calumetspecialty.investorroom.com/events. For those participants wishing to dial int
First quarter 2024 net loss of $41.6 million, or Limited partners' interest of $0.51 basic net loss per unitFirst quarter 2024 Adjusted EBITDA of $21.6 millionPlan to convert structure from a Master Limited Partnership to a C-Corp is on trackMontana Renewables ("MRL") improved sequentially through the quarter, posted positive EBITDA in March 2024, and operated at planned production levels in AprilMRL remains the largest SAF producer in the Western Hemisphere with 30 million gallons annual capacityShreveport turnaround completed successfully during the first quarter of 2024INDIANAPOLIS, May 10, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) (the "Partnership," "C
INDIANAPOLIS, April 26, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the first quarter 2024 on May 10, 2024. A conference call to discuss the financial and operational results is scheduled for May 10 2024, at 9:00 AM ET. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides; parties interested in listening to the webcast may follow the link which will be made available at http://calumetspecialty.investorroom.com/events. For those part
Full Year 2023 net income of $48.1 million, or Limited partners' interest of $0.59 basic net income per unitFull Year 2023 Adjusted EBITDA of $260.5 millionAnnounced intent to convert corporate structure to a C-Corp from a Master Limited PartnershipMontana Renewables ("MRL") returned to normal operations in December; steam drum successfully replacedSpecialties business delivers fifth consecutive year of margin growthEntered into note purchase agreement to issue $200 million aggregate principal amount of 9.25% Senior Secured First Lien Notes due 2029Issued conditional notices to redeem all outstanding 9.25% Senior Secured First Lien Notes due 2024 and $50 million aggregate principal amount of
UBS upgraded Calumet Specialty Products from Sell to Neutral and set a new price target of $12.00 from $15.00 previously
TD Cowen downgraded Calumet Specialty Products from Buy to Hold and set a new price target of $16.00 from $26.00 previously
UBS downgraded Calumet Specialty Products from Neutral to Sell and set a new price target of $15.00 from $20.50 previously
TD Cowen reiterated coverage of Calumet Specialty Products with a rating of Buy and set a new price target of $26.00 from $27.00 previously
TD Cowen reiterated coverage of Calumet Specialty Products with a rating of Buy and set a new price target of $27.00 from $22.00 previously
TD Cowen reiterated coverage of Calumet Specialty Products with a rating of Buy and set a new price target of $18.00 from $20.00 previously
Goldman upgraded Calumet Specialty Products from Neutral to Buy and set a new price target of $23.00 from $14.00 previously
Cowen reiterated coverage of Calumet Specialty Products with a rating of Outperform and set a new price target of $20.00 from $23.00 previously
HC Wainwright & Co. reiterated coverage of Calumet Specialty with a rating of Buy and set a new price target of $28.00 from $19.00 previously
Credit Suisse initiated coverage of Calumet Specialty Products with a rating of Neutral and set a new price target of $23.00
INDIANAPOLIS, Aug. 3, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) ("Calumet", "the Partnership", "we", "us", "our") announced today the appointment of Karen Twitchell and John (Jack) Boss to the Board of Directors effective August 2, 2022. Concurrently, Calumet announced that Robert (Bob) Funk has elected to retire from the Board of Directors. "On behalf of everyone at Calumet, I'd like to thank Bob for his many years of service and significant contributions to the Partnership. We'll particularly miss his operational expertise, wisdom and commitment to the success of Calumet," said Steve Mawer, Executive Chairman. "When Bob notified us of his intent to reti