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 |
|---|---|---|---|
| 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 |
| 11/23/2021 | $30.00 | Peer Perform → Outperform | Wolfe Research |
| 11/23/2021 | $12.00 → $23.00 | Market Perform → Outperform | Cowen & Co. |
| 10/15/2021 | $6.00 → $11.00 | Neutral | Goldman Sachs |
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)
INDIANAPOLIS, Nov. 19, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet") announced today that it plans to attend two investor conferences in December. On December 3rd and 4th, Calumet will attend the Bank of America Leveraged Finance Conference and will be holding one-on-one investor meetings throughout the day at the conference.On Thursday, December 5th, Calumet will attend Janney's 2nd Annual Clean Energy Investment Symposium and 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
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, Nov. 6, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company" or "Calumet") and its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. ("Finance Corp." and, together with the Partnership, the "Issuers"), today announced the early results of the previously announced private exchange offer (the "Exchange Offer") to each Eligible Holder (as defined below) of their 11.00% Senior Notes due 2025 (the "Old Notes") to exchange any and all of the Old Notes for newly issued 11.00% Senior Notes due 2026 (the "New Notes"), upon the terms and subject to the conditions set forth in the confidential offering memorandum,
INDIANAPOLIS, Oct. 29, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet") announced today plans to attend the Goldman Sachs Carbonomics Conference on Tuesday, November 12, 2024, in London, England. Calumet will be holding one-on-one investor meetings throughout the day at the conference and participating in a panel discussion regarding decarbonization in the aviation industry. 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
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
GREAT FALLS, Mont., Oct. 24, 2024 /PRNewswire/ -- For the first time, the Detroit Metropolitan Airport (DTW) will have the opportunity to use Sustainable Aviation Fuel (SAF), thanks to Montana Renewables, LLC (MRL), the largest SAF producer in North America (2024). MRL has delivered its first shipment of 7,000 gallons of SAF to Dearborn, Michigan's Buckeye Pipeline facility. From there, the fuel will be transported to the airport via pipeline. MRL produced and blended the SAF, which will be used by Delta Air Lines. "Supplying the SAF to DTW marks another significant milestone
INDIANAPOLIS, Oct. 23, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected financial results for the third quarter ended September 30, 2024. Based on preliminary data, the Company currently expects to report a net loss between $110 million and $90 million and Adjusted EBITDA between $45 million and $55 million for the third quarter 2024. For a reconciliation of the preliminary estimate of Adjusted EBITDA to preliminary estimated net loss, the most directly comparable GAAP measure, see "Non-GAAP Financial Measures" below. Further, as of September 30, 2024, the Company estimates total liquidity of approximatel
INDIANAPOLIS, Oct. 23, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company" or "Calumet") today announced that its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. ("Finance Corp." and, together with the Partnership, the "Issuers"), with the support of the holders of a majority of their 11.00% Senior Notes due 2025 (the "Old Notes"), have commenced a private exchange offer (the "Exchange Offer") to each Eligible Holder (as defined below) of their Old Notes to exchange any and all of the Old Notes for newly issued 11.00% Senior Notes due 2026 (the "New Notes"), upon the terms and subject to the conditions set forth in
Montana Renewables to expand Sustainable Aviation Fuel capacity by 300 million gallons per yearINDIANAPOLIS, Oct. 16, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet," "we," "our" or "us") announced today that the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"). Montana Renewables is an unrestricted subsidiary of Calumet. The expansion would position Montana Renewables as one of the largest Sustainable Aviation Fuel ("SAF") producers globally with produ
INDIANAPOLIS, Oct. 3, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today a series of related agreements with Stonebriar Commercial Finance LLC ("Stonebriar"). Our restricted subsidiary Calumet Montana Refining, LLC ("CMR") entered into a new agreement with Stonebriar in which CMR sold certain of its assets to Stonebriar for $150 million and leased back the same assets ("CMR Funding Agreement").Our unrestricted subsidiary Montana Renewables, LLC ("MRL") modified its existing agreements with Stonebriar to allow for their early termination ("MRL Amended Agreements").CMR Funding Agreement. The CMR Funding Agreement has closed and CM
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
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
INDIANAPOLIS, Feb. 12, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), announced today plans to report results for the fourth quarter and full year 2023 on February 23, 2024. A conference call to discuss the financial and operational results is scheduled for February 23 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.
Net loss attributable to partners of $18.5 million, or Limited partners' interest of $0.23 basic net loss per unit, for the second quarter of 2023Second quarter Adjusted EBITDA of $67.7 driven by supportive market and strong commercial execution, partially offset by weather-related production constraintsMontana Renewables achieves full throughput rates, demonstrated advantaged feedstock Pre-Treater technology, and became the largest Sustainable Aviation Fuel producer in North AmericaINDIANAPOLIS, Aug. 4, 2023 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) (the "Partnership," "Calumet," "we," "our" or "us"), today reported results for the second quarter ended June 30
INDIANAPOLIS, July 24, 2023 /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 2023 second quarter on August 4, 2023. A conference call to discuss the financial and operational results is scheduled for August 4, 2023, 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 p
144 - Calumet, Inc. /DE (0002013745) (Subject)
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8-K - Calumet, Inc. /DE (0002013745) (Filer)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
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8-K - Calumet, Inc. /DE (0002013745) (Filer)
10-Q - Calumet, Inc. /DE (0002013745) (Filer)
4 - Calumet Specialty Products Partners, L.P. (0001340122) (Issuer)
Oil prices had their strongest session in over two months Tuesday, with West Texas Intermediate (WTI) light crude climbing 2% to $80 a barrel, and Brent crude rising 1.7% to $84 a barrel. The surge in prices is attributed to the anticipation of increased demand with the start of the driving season and ongoing supply constraints. The market expects that OPEC+ will maintain its voluntary output cuts of 2.2 million barrels per day into the second half of the year during its upcoming June 2 meeting. The United States Oil Fund (NYSE:USO), which tracks the WTI price, rose 3%, factoring in Monday’s oil performance while U.S. markets were closed for Memorial Day. Energy stocks also rallied
HC Wainwright & Co. analyst Amit Dayal reiterates Calumet Specialty Prods (NASDAQ:CLMT) with a Buy and maintains $25 price target.
Calumet Specialty Products Partners LP (NASDAQ:CLMT) reported a first-quarter fiscal 2024 sales decline of 3% year-over-year to $1.01 billion, beating the consensus of $900.795 million. CLMT reported a net loss per unit of $(0.51), a decline from $0.23 YoY, beating the consensus of $(0.57). The gross profit totaled $78.5 million (-18.7% Y/Y), and the margin contracted 151 bps to 7.8%. The operating income for the quarter contracted to $36.3 million from $43 million a year ago, and the margin was 3.6%, down from 4.2% YoY. Adjusted EBITDA was $21.6 million compared to $77.3 million a year ago, margin contracted to 2.2% from 7.5% a year ago. “We’re anticipating an exciting and st
Calumet Specialty Prods (NASDAQ:CLMT) reported quarterly losses of $(0.51) per share which beat the analyst consensus estimate of $(0.57) by 10.53 percent. This is a 321.74 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $1.005 billion which beat the analyst consensus estimate of $900.795 million by 11.57 percent. This is a 3.09 percent decrease over sales of $1.037 billion the same period last year.
HC Wainwright & Co. analyst Amit Dayal reiterates Calumet Specialty Prods (NASDAQ:CLMT) with a Buy and maintains $25 price target.
Goldman Sachs analyst Neil Mehta maintains Calumet Specialty Prods (NASDAQ:CLMT) with a Buy and lowers the price target from $19 to $17.
Calumet Specialty Products Partners LP (NASDAQ:CLMT) reported a fourth-quarter fiscal 2023 sales decline of 2.3% year-over-year to $976.50 million, beating the consensus of $926.13 million. CLMT reported a net loss per unit of $(0.59), an improvement from $(0.95) YoY, missing the consensus of $(0.39). The gross profit totaled $22.1 million (-38.3% Y/Y), and the margin contracted 130 bps to 2.3%. The operating loss for the quarter contracted to $(13.9) million from $(28.4) million a year ago. Adjusted EBITDA was $39.7 million compared to $63.9 million a year ago, margin contracted to 4.1% from 6.4% a year ago. The company plans to convert its corporate structure from an MLP to
Calumet Specialty Prods (NASDAQ:CLMT) reported quarterly losses of $(0.59) per share which missed the analyst consensus estimate of $(0.39) by 51.28 percent. This is a 31.4 percent increase over losses of $(0.86) per share from the same period last year. The company reported quarterly sales of $976.50 million which beat the analyst consensus estimate of $926.13 million by 5.44 percent. This is a 2.33 percent decrease over sales of $999.80 million the same period last year.
Companies Reporting Before The Bell • Fomento Economico (NYSE:FMX) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion. • Calumet Specialty Prods (NASDAQ:CLMT) is projected to report quarterly loss at $0.39 per share on revenue of $926.13 million. • Global Blue Gr Holding (NYSE:GB) is likely to report quarterly earnings at $0.06 per share on revenue of $119.60 million. • Hyatt Hotels (NYSE:H) is projected to report quarterly earnings at $0.39 per share on revenue of $1.60 billion. • Docebo (NASDAQ:DCBO) is estimated to report quarterly earnings at $0.08 per share on revenue of $48.40 million. • Hudbay Minerals (NYSE:HBM) is likely to report quarterly
Calumet Specialty Prods (NASDAQ:CLMT) is set to give its latest quarterly earnings report on Friday, 2024-02-23. Here's what investors need to know before the announcement. Analysts estimate that Calumet Specialty Prods will report an earnings per share (EPS) of $-0.39. Calumet Specialty Prods bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $1.00, which was followed
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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
Wolfe Research upgraded Calumet Specialty from Peer Perform to Outperform and set a new price target of $30.00
Cowen & Co. upgraded Calumet Specialty from Market Perform to Outperform and set a new price target of $23.00 from $12.00 previously
Goldman Sachs reiterated coverage of Calumet Specialty with a rating of Neutral and set a new price target of $11.00 from $6.00 previously