Calumet, Inc. (CLMT)

NASDAQ: CLMT · Real-Time Price · USD
20.81
+0.03 (0.12%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.12%
Market Cap 1.79B
Revenue (ttm) 4.22B
Net Income (ttm) -230.30M
Shares Out 85.90M
EPS (ttm) -2.82
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 413,390
Open 20.66
Previous Close 20.79
Day's Range 20.53 - 21.32
52-Week Range 9.97 - 25.29
Beta 1.91
Analysts Strong Buy
Price Target 24.00 (+15.33%)
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]

Sector Energy
IPO Date Jan 26, 2006
Employees 1,580
Stock Exchange NASDAQ
Ticker Symbol CLMT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for CLMT stock is "Strong Buy." The 12-month stock price forecast is $24.0, which is an increase of 15.33% from the latest price.

Price Target
$24.0
(15.33% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

1 day ago - PRNewsWire

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...

4 days ago - Seeking Alpha

Calumet, Inc. (CLMT) Q3 2024 Earnings Call Transcript

Calumet, Inc. (CLMT) Q3 2024 Earnings Call Transcript

12 days ago - Seeking Alpha

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...

13 days ago - PRNewsWire

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...

15 days ago - PRNewsWire

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,...

23 days ago - PRNewsWire

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...

27 days ago - PRNewsWire

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...

27 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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, ...

4 weeks ago - Schwab Network

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...

4 weeks ago - Seeking Alpha

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...

5 weeks ago - PRNewsWire

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 ...

5 weeks ago - Seeking Alpha

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...

6 weeks ago - PRNewsWire

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.

2 months ago - PRNewsWire

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...

2 months ago - Seeking Alpha

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...

3 months ago - PRNewsWire

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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 ...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

Calumet Converted To A C-Corp, So What's Next

Calumet Specialty Products unit holders voted to convert from an MLP to a C-Corp, aiming to become a premium specialty and low-cost producer of renewable energy. The company's future outlook includes ...

4 months ago - Seeking Alpha

Calumet Specialty Products Partners, L.P. Completes Conversion to a C-Corporation

Common Stock of Calumet, Inc. to Commence Trading on Nasdaq on Thursday, July 11 INDIANAPOLIS , July 10, 2024 /PRNewswire/ -- July 10, 2024 — Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (...

4 months ago - PRNewsWire

Calumet Specialty Products Partners, L.P. Unitholders Approve Conversion to a C-Corporation

99.6% of the Votes Cast Supported the Conversion INDIANAPOLIS , July 9, 2024 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," "we," "our" or "us"...

4 months ago - PRNewsWire