Energy -
Oil & Gas Exploration & Production - NASDAQ - US
$ 13.4
-0.151 %
$ 1.16 B
Market Cap
-3.28
P/E
1. INTRINSIC VALUE
Balance Sheet
Calumet, Inc.
| Current Assets | 766 M |
| Cash & Short-Term Investments | 38.1 M |
| Receivables | 278 M |
| Other Current Assets | 450 M |
| Non-Current Assets | 1.99 B |
| Long-Term Investments | 0 |
| PP&E | 1.68 B |
| Other Non-Current Assets | 313 M |
| Current Liabilities | 864 M |
| Accounts Payable | 321 M |
| Short-Term Debt | 94.3 M |
| Other Current Liabilities | 448 M |
| Non-Current Liabilities | 2.36 B |
| Long-Term Debt | 2.24 B |
| Other Non-Current Liabilities | 116 M |
EFFICIENCY
Earnings Waterfall
Calumet, Inc.
| Revenue | 4.19 B |
| Cost Of Revenue | 3.96 B |
| Gross Profit | 231 M |
| Operating Expenses | 223 M |
| Operating Income | 8.1 M |
| Other Expenses | 230 M |
| Net Income | -222 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Calumet, Inc.
| Net Income | -222 M |
| Depreciation & Amortization | 149 M |
| Capital Expenditures | -76.7 M |
| Stock-Based Compensation | 14.6 M |
| Change in Working Capital | 10.2 M |
| Others | -13.8 M |
| Free Cash Flow | -123 M |
Wall Street Analysts Price Targets
Calumet, Inc.
Wall Street analysts predict an average 1-year price target for CLMT of $25.2 , with forecasts ranging from
a
low of
$15.7 to a high of $29 .
CLMT Lowest Price Target
Wall Street Target
15.7 USD
17.16%
CLMT Average Price Target
Wall Street Target
25.2 USD
87.87%
CLMT Highest Price Target
Wall Street Target
29 USD
116.42%
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.685 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Calumet, Inc.
Sold
0-3 MONTHS
635 K USD 2
3-6 MONTHS
857 K USD 2
6-9 MONTHS
5.86 M USD 4
9-12 MONTHS
0 USD 0
Bought
5.51 K USD 1
0-3 MONTHS
32.6 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Calumet to Participate in June 2025 Investor Conferences
INDIANAPOLIS , May 23, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend two investor conferences in June 2025. On Thursday, June 5 th, Calumet will attend the Bank of America Securities Energy and Power Credit Conference and will be holding one-on-one investor meetings at the conference.
prnewswire.com
- 3 weeks ago
Calumet, Inc. (CLMT) Q1 2025 Earnings Call Transcript
Calumet, Inc. (NASDAQ:CLMT ) Q1 2025 Earnings Conference Call May 9, 2025 9:00 AM ET Company Participants John Kompa - Investor Relations Todd Borgmann - Chief Executive Officer David Lunin - Executive Vice President and Chief Financial Officer Bruce Fleming - Executive Vice President, Montana Renewables and Corporate Development Scott Obermeier - Executive Vice President, Specialists Conference Call Participants Neil Mehta - Goldman Sachs Amit Dayal - H.C. Wainwright Jason Gabelman - TD Cowen Gregg Brody - Bank of America Operator Good day, and welcome to the Calumet, Inc. First Quarter 2025 Conference Call.
seekingalpha.com
- 1 month ago
Calumet Reports First Quarter 2025 Results
First quarter 2025 net loss of $162.0 million, or basic loss per common share of $1.87 per share First quarter 2025 Adjusted EBITDA with Tax Attributes of $55.0 million, reflecting a $30.4 million adjustment for RINs incurrence expense and $16.9 million from the Production Tax Credit ("PTC") Montana Renewables expects to reach 120 to 150-million-gallon SAF capacity sooner than previously reported for a fraction of the cost Montana Renewables received $782 million funding of Department of Energy ("DOE") loan in February 2025, closed sale of Royal Purple® industrial business for $110 million in March 2025, and launches partial redemption for $150 million of 2026 Notes Company-wide cost reduction plan on track with $22 million year over year reduction in operating costs Consolidated quarter ending liquidity of $542.7 million INDIANAPOLIS , May 9, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the "Company," "Calumet," "we," "our" or "us") for the first quarter ended March 31, 2025, as follows: Three Months Ended March 31, 2025 2024 Net income (loss) $ (162.0) $ (41.6) Basic earnings (loss) per common share/unit $ (1.87) $ (0.51) Adjusted EBITDA $ 38.1 $ 28.1 Adjusted EBITDA with Tax Attributes $ 55.0 $ 28.1 Specialty Products and Solutions Performance Brands Montana/Renewables Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2025 2024 2025 2024 2025 2024 (Dollars in millions, except per barrel data) Gross profit (loss) $ (34.0) $ 85.3 $ 22.2 $ 22.3 $ (69.6) $ (29.1) Adjusted gross profit (loss) $ 64.9 $ 56.8 $ 24.2 $ 23.2 $ (8.2) $ (4.9) Adjusted EBITDA $ 56.3 $ 47.2 $ 15.8 $ 13.4 $ (13.6) $ (13.4) Adjusted EBITDA with Tax Attributes $ 56.3 $ 47.2 $ 15.8 $ 13.4 $ 3.3 $ (13.4) Gross profit (loss) per barrel $ (6.33) $ 15.77 $ 144.16 $ 154.86 $ (32.03) $ (14.16) Adjusted gross profit (loss) per barrel $ 12.08 $ 10.50 $ 157.14 $ 161.11 $ (3.77) $ (2.38) "The first quarter of 2025 reflected significant progress on multiple strategic fronts," said Todd Borgmann, CEO. "Most importantly, we closed – and received funding – of our DOE loan under the new administration setting the stage for transformational growth in our Renewables business.
prnewswire.com
- 1 month ago
Calumet, Inc. to Release First Quarter 2025 Earnings on May 9, 2025
INDIANAPOLIS , April 25, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us"), announced today that it plans to report results for the First Quarter 2025 on May 9, 2025. A conference call to discuss the financial and operational results is scheduled for May 9th at 9:00 AM ET.
prnewswire.com
- 1 month ago
Calumet's Businesses Firing Like A Cannon, Well, Even Much Closer (Update)
Calumet Specialty Products is significantly undervalued, with a misunderstood market and a heavy short position that is likely to face a destructive end soon. First-quarter EBITDA estimates are strong, with potential for $90 million, and second-quarter projections are even higher due to favorable market conditions. Management is effectively managing leverage and cash flow, aiming to reduce debt significantly while maintaining positive cash flow and strong EBITDA generation.
seekingalpha.com
- 1 month ago
Calumet, Inc. (CLMT) Moves 12.5% Higher: Will This Strength Last?
Calumet, Inc. (CLMT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
zacks.com
- 2 months ago
Calumet Announces Closing of Sale of Assets Related to Industrial Portion of its Royal Purple® Business
INDIANAPOLIS , April 1, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") has successfully closed its previously announced sale of assets related to the industrial portion of its Royal Purple® business, for $110 million in cash to a wholly owned subsidiary of Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners. The assets sold related to Royal Purple's high performance synthetic industrial product line including industrial gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils, along with an exclusive license of the brand for industrial applications.
prnewswire.com
- 2 months ago
Calumet Announces Intention to Nominate Julio Quintana and Karen Narwold to Board of Directors; and Wasserstein Debt Opportunities Expresses Support
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.
prnewswire.com
- 3 months ago
Calumet's Businesses Firing Like A Cannon, Well, Close
Calumet delivered in-line Q4 2024 results, with management's asset sales and cash generation efforts creating a favorable buying opportunity. Specialty EBITDA is projected to improve to the low $200 million range in 2025, driven by stronger Gulf Coast 2-1-1 spreads and operational efficiencies. The partial sale of Performance Brands for $110 million will be offset by operational efficiencies, maintaining EBITDA levels over the next two years.
seekingalpha.com
- 3 months ago
Calumet to Attend Wolfe Research Conference
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.
prnewswire.com
- 3 months ago
Calumet, Inc. (CLMT) Q4 2024 Earnings Conference Call Transcript
Calumet, Inc. (NASDAQ:CLMT ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants John Kompa - Investor Relations Todd Borgmann - Chief Executive Officer David Lunin - Executive Vice President & Chief Financial Officer Bruce Fleming - Executive Vice President, Montana Renewables & Corporate Development Scott Obermeier - Executive Vice President, Specialists Conference Call Participants Roger Read - Wells Fargo Jason Gabelman - TD Cowen Neil Mehta - Goldman Sachs Gregg Brody - Bank of America Operator Good morning, and welcome to the Calumet, Inc. Fourth Quarter and Full Year 2024 Results Conference Call. All participants will be in listen-only mode.
seekingalpha.com
- 3 months ago
Lubrication Engineers to Acquire Industrial Brands & Products of Royal Purple
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.
prnewswire.com
- 3 months ago
8. Profile
Summary
Calumet, Inc. CLMT
COUNTRY
US
INDUSTRY
Oil & Gas Exploration & Production
MARKET CAP
$ 1.16 B
Dividend Yield
0.00%
Description
Calumet, Inc. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstocks into renewable hydrogen, renewable natural gas, renewable propane, renewable naphtha, renewable kerosene/aviation fuel, and renewable diesel. This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. Its Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. 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.
Contact
2780 Waterfront Parkway East Drive, Indianapolis, IN, 46214
https://calumet.com/
IPO
Date
Jan. 26, 2006
Employees
1620
Officers
Mr. Gregory J. Morical
Senior Vice President, General Counsel & Secretary
Mr. Louis Todd Borgmann
President, Chief Executive Officer & Director
Mr. John Kompa
Director of Investor Relations
Mr. Bruce A. Fleming Ph.D.
Executive Vice President of Montana Renewables & Corporate Development
Mr. Vincent Donargo
Chief Accounting Officer
Mr. Scott Obermeier
Executive Vice President of Specialties
Mr. Chris Hodges
Alpha IR