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, 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
8-K - Calumet, Inc. /DE (0002013745) (Filer)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
424B5 - Calumet, Inc. /DE (0002013745) (Filer)
S-3ASR - Calumet, Inc. /DE (0002013745) (Filer)
8-K - Calumet, Inc. /DE (0002013745) (Filer)
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)
4 - Calumet Specialty Products Partners, L.P. (0001340122) (Issuer)
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
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, 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
INDIANAPOLIS, Jan. 14, 2025 /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. (together with the Partnership, the "Issuers"), priced their private placement (the "Offering") under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), of $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "New Notes"). The New Notes mature on July 15, 2028 and will be issued at 98% of par. The Offering is expected to close on January 16, 2025, subject to customary closing condition
INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company" or "Calumet") today announced that, subject to market conditions, its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), intend to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "New Notes"). Calumet intends to use all of the net proceeds from the Offering to redeem a portion of the Issue
INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company" or "Calumet") today announced that the Company has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the "SEC") establishing an at-the-market equity offering program (the "ATM Program") under which it may issue and sell, from time to time, shares of its common stock having an aggregate gross sales price of up to $65 million (the "Offered Shares"). Calumet intends to use the net proceeds from the ATM Program for general corporate purposes, which may include, among other things, repayment of indebtedness, working capital and capital expenditures. Pursuant to the ATM Program, Ca
INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected financial results for the fourth quarter ended December 31, 2024. Based on preliminary data, the Company currently expects to report a net loss between $54 million and $24 million and Adjusted EBITDA between $45 million and $60 million for the fourth 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. "Calumet continues to make meaningful strategic progress across the board," said Todd Bo
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
Initial loan proceeds of $782 million expected to be funded this month and balance of proceeds funded through planned construction periodDOE loan guarantee facilitates expansion of Sustainable Aviation Fuel capacity to 300 million gallons per yearINDIANAPOLIS, Jan. 10, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet," "we," "our" or "us") announced today the closing of a $1.44 billion guaranteed loan facility with the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO"). The loan will fund the construction and expansion of the renewable fuels facility owned by Montana Renewables, LLC ("Montana Renewables" or "MRL"), an unrestricted subsidiary of Calumet. The expansion p
INDIANAPOLIS, Dec. 23, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ:CLMT) ("Calumet") announced today that it plans to attend two investor conferences in January 2025. On January 7th and 8th, Calumet will attend the Goldman Sachs Energy, CleanTech & Utilities Conference 2025 and will be holding one-on-one investor meetings at the conference.On Tuesday, January 14th, Calumet will attend the UBS Global Energy & Utilities Winter Conference 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 a br
GREAT FALLS, Mont., Dec. 12, 2024 /PRNewswire/ -- Montana Renewables, LLC announced today that it has received approval of its Excise Tax Registration from the Internal Revenue Service. Registration is the first step toward allowing the business to claim clean fuel Production Tax Credits (PTC) for existing production under Internal Revenue Code Section 45Z. Montana Renewables, LLC, which operates a U.S. qualified production facility, is registered as both a producer of clean transportation fuel and sustainable aviation fuel (SAF). The Section 45Z PTC provides a transferrable federal income tax credit for clean fuels produced after December 31, 2024, and before January 1, 2028. The Section 45
INDIANAPOLIS, Nov. 25, 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 final settlement of the previously announced private exchange offer (the "Exchange Offer") to certain holders 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"). On November 21, 2024, the Issuers accepted tenders from holders of an aggregate of $354,399,000 principal amount o
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)
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