Earnings ·
Calumet, Inc. reported a net loss of $95.9 million, or $(1.09) per share, for the quarter ended June 30, 2026, driven…
CLMTCalumet, Inc.
Calumet, Inc. reported a net loss of $95.9 million, or $(1.09) per share, for the quarter ended June 30, 2026, driven by a $163.6 million non-cash RINs expense and an unrealized derivative gain of $9.0 million. Adjusted EBITDA rose to $159.3 million from $55.1 million in the prior year period, while Adjusted EBITDA with Tax Attributes reached $175.2 million. The Specialty Products and Solutions segment delivered strong results with $161.7 million in Adjusted EBITDA, supported by a global shortage in specialty products. Meanwhile, Performance Brands reported $6.3 million in Adjusted EBITDA, impacted by compressed margins and LIFO costs. Montana/Renewables generated $26.6 million in Adjusted EBITDA with Tax Attributes following the restart of operations after its MaxSAF 150 expansion. The company accelerated deleveraging by retiring $115 million in debt during July through the redemption of senior notes and repayment of asset financing arrangements. Calumet, Inc. manufactures, formulates, and markets specialty branded products and renewable fuels to consumer-facing and industrial markets across North America.