Calumet, Inc. (CLMT)
| Market Cap | 1.75B |
| Revenue (ttm) | 4.22B |
| Net Income (ttm) | -230.30M |
| Shares Out | 85.90M |
| EPS (ttm) | -2.82 |
| PE Ratio | n/a |
| Forward PE | 72.82 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,068,709 |
| Open | 20.20 |
| Previous Close | 20.30 |
| Day's Range | 20.20 - 21.02 |
| 52-Week Range | 9.97 - 25.29 |
| Beta | 1.90 |
| Analysts | Strong Buy |
| Price Target | 23.75 (+16.48%) |
| Earnings Date | Nov 8, 2024 |
About CLMT
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Montana/Renewables; and Performance brands segments. The Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The Montana/Renewables segment focuses on processing renewable feeds... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for CLMT stock is "Strong Buy." The 12-month stock price forecast is $23.75, which is an increase of 16.48% from the latest price.
News
Montana Renewables Receives Approval of Excise Tax Registration
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.
Calumet Announces Settlement of its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025 and Issues Notice of Full Redemption for the Remaining 11.00% Senior Notes due 2025
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") ...
Calumet Announces Expiration and Final Results for its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025
INDIANAPOLIS , Nov. 22, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") and its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") ...
Calumet to Participate in December 2024 Investor Conferences
INDIANAPOLIS , Nov. 19, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend two investor conferences in December. On December 3 rd and 4th, Calumet wi...
Long-Term Investing In Calumet Specialty Products
Investors should maintain a long-term vision despite short-term market fluctuations, as patience is crucial for substantial returns. Examples like Cirrus can help Calumet investors navigate investment...
Calumet, Inc. (CLMT) Q3 2024 Earnings Call Transcript
Calumet, Inc. (CLMT) Q3 2024 Earnings Call Transcript
Calumet Reports Third Quarter 2024 Results
Third quarter 2024 net loss of $100.6 million, or basic loss per common share of $1.18 per share Third quarter 2024 Adjusted EBITDA of $49.8 million Montana Renewables ("MRL") set another new SAF prod...
Calumet Announces Early Results for its Exchange Offer for any and all of the Outstanding 11.00% Senior Notes due 2025
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") a...
Calumet to Attend Goldman Sachs Carbonomics Conference
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,...
Calumet, Inc. to Release Third Quarter 2024 Earnings on November 8, 2024
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...
Montana Renewables Delivers First Shipment of Sustainable Aviation Fuel for Detroit Metropolitan Airport
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 Renewa...
Calumet Provides Preliminary Third Quarter 2024 Selected Financial Results
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 e...
Calumet Specialty Products Partners, L.P. Enters into Support Agreement and Announces Commencement of Exchange Offer for any and all of Outstanding 11.00% Senior Notes due 2025
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. (th...
Overlooked Stock: CLMT
Calumet (CLMT) saw huge gains at the start of the trading day before giving all its strength back by the time the closing bell rung. George Tsilis discusses why this happened not just for this stock, ...
Calumet: Almost $1.5 Billion DoE Loan Guarantee Realizes The Max Bull Case
Calumet secures a $1.44 billion loan guarantee from the US Dept of Energy, enabling significant expansion in SAF and renewable diesel production. The loan terms are highly favorable, with a 15-year te...
Montana Renewables Receives $1.44 Billion Conditional Commitment from DOE for Renewable Fuels and Biomass Energy Facility
Montana Renewables to expand Sustainable Aviation Fuel capacity by 300 million gallons per year INDIANAPOLIS , Oct. 16, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet," "we," "our" or "us...
Calumet: A Compelling Energy Transition Turnaround
Calumet Inc. is transitioning from an overleveraged oil refiner to a leading producer of Sustainable Airline Fuel (SAF), with potential for exceptional returns. The company converted from an MLP to a ...
Calumet Announces New Funding Agreement with Stonebriar
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 Finan...
Montana Renewables Supplies First SAF-Fueled Flight at Minneapolis-St. Paul Airport
MINNEAPOLIS , Sept. 25, 2024 /PRNewswire/ -- The first Minneapolis-St. Paul International Airport (MSP) flight departure fueled by Sustainable Aviation Fuel (SAF) takes to the skies today.
Calumet: Near Term Catalysts For A Pop
Calumet, Inc.'s transformation hinges on its 86% stake in Montana Renewables, which is converting to renewable refining, potentially driving significant equity value. The company seeks a DOE loan to e...
Calumet to Attend Barclays 38th Annual CEO Energy-Power Conference
INDIANAPOLIS, Aug. 20, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today plans to attend the Barclays 38th Annual CEO Energy-Power Conference on Wednesday, September 4, 202...
Calumet: Now We Know More About Its Positive Financial Future
Calumet reported in line second quarter results, with the Great Falls asphalt business $10 million below our estimate. Management offered financial hints for balance sheet fixes, leading to a signific...
Calumet, Inc. (CLMT) Q2 2024 Earnings Call Transcript
Calumet, Inc. (NASDAQ:CLMT) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants John Kompa - Director, IR Todd Borgmann - CEO David Lunin - EVP and CFO Bruce Fleming - EVP...
Calumet Reports Second Quarter 2024 Results
Second quarter 2024 net loss of $39.1 million, or Limited partners' interest of $0.48 basic net loss per unit Second quarter 2024 Adjusted EBITDA of $66.8 million Successfully completed conversion of ...
Calumet, Inc. to Release Second Quarter 2024 Earnings on August 9, 2024
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 o...