Group 1 - The article emphasizes ongoing support for Calumet, Inc. (NASDAQ: CLMT) and highlights the importance of patience in investment strategies [1] - The author reflects on decades of investment experience, including surviving major market crashes in 1987, 2000, and 2008, indicating a long-term perspective on market fluctuations [1] - The article mentions the use of trading systems developed with TradeStation, suggesting a blend of technical analysis and fundamental investment strategies [1] Group 2 - The author holds a beneficial long position in Calumet, Inc. shares, indicating confidence in the company's future performance [2] - The article is presented as an independent opinion, with no external compensation influencing the views expressed [2] - There is a clear distinction made regarding the lack of business relationships with any companies mentioned, reinforcing the independence of the analysis [2]

Company Overview - Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to a wide range of consumer-facing and industrial markets [2] - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities throughout North America [2] Upcoming Events - On June 5th, Calumet will attend the Bank of America Securities Energy and Power Credit Conference, where it will hold one-on-one investor meetings [3] - On June 11th, Calumet will participate in the Wells Fargo Industrials & Materials Conference, conducting one-on-one investor meetings throughout the day [3]

Calumet Specialty Products Partners (CLMT) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants John Kompa - Director of Investor RelationsTodd Borgmann - CEODavid Lunin - Executive VP & CFONeil Mehta - Head of Americas Natural Resources Equity ResearchBruce Fleming - EVP - Montana Renewables & Corporate DevelopmentJason Gabelman - MD - Equity Research Conference Call Participants Amit Dayal - Managing Director & Senior Technology AnalystGregg Brody - High Yield Research Analyst Operator Good ...

Calumet Specialty Products Partners (CLMT) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Speaker0 Good day, and welcome to the Calumet Inc. First Quarter twenty twenty five Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would now like to turn the conference over to John Kompa, Investor Relations for Calumet. Please go ahead. Speaker1 Thanks, Debbie. Good morning, everyone, and thanks for joining our call today. With me on today's call are Todd Gor ...

First Quarter 2025 Financial Results May 9, 2025 CAUTIONARY STATEMENTS Forward-Looking Statements This Presentation has been prepared by Calumet, Inc. (the "Company," "Calumet," "we," "our" or like terms) as of May 9, 2025. The information in this Presentation includes certain "forward- looking statements." These statements can be identified by the use of forward-looking terminology including "may," "intend," "believe," "expect," "anticipate," "estimate," "forecast," "outlook," "continue" or other similar w ...

Core Insights - Calumet, Inc. reported a net loss of $162.0 million for Q1 2025, compared to a loss of $41.6 million in Q1 2024, with a basic loss per share of $1.87 [1][2][31] - Adjusted EBITDA with Tax Attributes for Q1 2025 was $55.0 million, reflecting significant adjustments for RINs and Production Tax Credits [2][6][37] - The company is focusing on strategic growth in its Renewables business, having secured a $782 million DOE loan and initiated a deleveraging program [1][2][4] Financial Performance - Total sales for Q1 2025 were $993.9 million, slightly down from $1,005.8 million in Q1 2024 [31] - The gross profit (loss) for Q1 2025 was $(81.4) million, compared to a profit of $78.5 million in the same quarter of the previous year [31] - Adjusted EBITDA for the Specialty Products and Solutions segment was $56.3 million in Q1 2025, up from $47.2 million in Q1 2024 [4][5] Segment Performance - The Specialty Products and Solutions (SPS) segment reported strong sales, with approximately 23,000 barrels per day sold, marking one of the best sales volume quarters on record [4] - The Performance Brands (PB) segment achieved an Adjusted EBITDA of $15.8 million in Q1 2025, up from $13.4 million in Q1 2024, driven by a 7% increase in sales volume [5] - The Montana/Renewables (MR) segment saw a significant improvement, reporting Adjusted EBITDA with Tax Attributes of $3.3 million in Q1 2025, compared to a loss of $(13.4) million in the prior year [6][37] Strategic Initiatives - The company is accelerating its MaxSAF™ expansion, aiming to increase SAF capacity to 120-150 million gallons by Q2 2026 at a cost of $20 million to $30 million [1][2] - A partial redemption notice for $150 million of 2026 Notes has been issued, with a redemption date set for May 24, 2025 [8] - A company-wide cost reduction plan is on track, achieving a $22 million year-over-year reduction in operating costs [2][4]

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. 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 inter ...

Company Overview - Calumet, Inc. (CLMT) shares increased by 12.5% to $10.11 in the last trading session, following a period of 16.6% loss over the past four weeks, indicating a significant recovery in stock performance [1][2] - The company's diverse portfolio includes base oils, specialty oils, waxes, and fuels, which have been meeting and exceeding customer expectations, positioning Calumet for continued growth in key industries such as transportation, industrial, food and agriculture, and personal care [2] Financial Performance - Calumet is expected to report a quarterly loss of $0.28 per share, reflecting a year-over-year change of +54.1%, with revenues projected at $967.6 million, down 3.8% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 17.8% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Calumet, Inc. operates within the Zacks Oil and Gas - Integrated - United States industry, where Cactus, Inc. (WHD) also operates, having closed the last trading session 11.7% higher at $39.16, despite a -24.6% return in the past month [4] - Cactus' consensus EPS estimate has changed -3.4% over the past month to $0.67, representing a year-over-year change of -10.7%, and it currently holds a Zacks Rank of 4 (Sell) [5]

Core Viewpoint - Calumet, Inc. has successfully completed the sale of its industrial assets related to the Royal Purple® business for $110 million in cash, aiming to reduce debt and streamline operations [1][4]. Group 1: Sale Details - The sold assets include Royal Purple's high-performance synthetic industrial product line, which encompasses industrial gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils, along with an exclusive license for industrial applications [2]. - In the year ending December 31, 2024, the industrial segment of the Royal Purple® business generated approximately $29 million in total sales [2]. Group 2: Retained Assets - Calumet retains ownership of the Porter, Texas manufacturing site and the consumer segment of the Royal Purple® business, which serves various automotive product applications through a multi-channel strategy [3]. - Key brands within the consumer segment include High Performance Motor Oil, HPS®, HMX®, Max EZ®, Max Gear®, Max-Clean®, XPR®, and Duralec Super™ [3]. Group 3: Financial Strategy - The proceeds from the asset sale will primarily be used to pay down debt, indicating a strategic move towards financial stability [4]. - The company has also terminated its at-the-market equity offering program, which was announced in January 2025 but was never utilized [4].

Core Viewpoint - Calumet, Inc. is undergoing a governance transition with the nomination of Julio Quintana and Karen Narwold for election to the Board of Directors, following the retirement of Jim Carter and Dan Sheets after their terms end at the 2025 Annual Meeting [1][2][3] Group 1: Board Changes - Jim Carter and Dan Sheets will not seek re-election and will retire at the end of their terms, marking a significant transition for the Board [2] - The Board collaborated with Spencer Stuart and Wasserstein Debt Opportunities to identify qualified independent director candidates [2][3] Group 2: Contributions and Achievements - The outgoing directors contributed to key milestones, including the transition to a C-Corporation, the establishment of Montana Renewables, and securing a $1.4 billion Department of Energy loan [3] - The Board's efforts have laid the groundwork for Calumet's next phase, focusing on deleveraging, cash flow growth, and expanding Montana Renewables into a leading producer of sustainable aviation fuel [3] Group 3: New Board Nominees - Julio Quintana has extensive experience in the oil and gas sector, having served as President and CEO of Tesco Corporation and held various roles at Schlumberger and Unocal Corporation [4][5] - Karen Narwold has a strong background in corporate governance, having served as Executive Vice President and General Counsel at Albemarle Corporation, and holds leadership roles in other companies [6][8] Group 4: Company Overview - Calumet, Inc. manufactures and markets a diverse range of specialty branded products and renewable fuels, operating twelve facilities across North America [9]