Core Viewpoint - Calumet, Inc. announced that its subsidiary Montana Renewables, LLC has received a $782 million drawdown from a $1.44 billion loan facility with the U.S. Department of Energy to fund the construction and expansion of a renewable fuels facility, positioning it as a leading producer of Sustainable Aviation Fuel (SAF) globally [1][2][3] Loan Details - The loan guarantee is structured in two tranches, with the first tranche of approximately $782 million released for eligible expenses, while an additional $150 million equity investment was made by Calumet [4] - The remaining balance of approximately $658 million is expected to be disbursed during construction from 2025 to 2028, with disbursements subject to certain conditions [4] - The loan has a 15-year tenor with an interest rate at the U.S. Treasury rate plus 3/8%, and servicing of principal and interest will be deferred until the MaxSAF™ project is commissioned [4] Production Capacity and Expansion - The expansion will increase annual production capacity to approximately 300 million gallons of SAF and 330 million gallons of combined SAF and renewable diesel [2] - A second renewable fuels reactor is a key component of the expansion, expected to bring half of the SAF capability online by 2026 [2] Economic Impact - An economic impact study predicts that by 2028, the Great Falls site will support a population of 4,400 Montanans, primarily working-aged families [5] - The expansion is expected to create 450 construction jobs and up to 40 operations jobs [8] Regional Development - The expansion is anticipated to catalyze additional regional development, particularly for renewable feedstocks sourced from local farms and ranches [6] - MRL aims to create a large-scale, end-to-end SAF industry in Montana and the Pacific Northwest, similar to the Minnesota SAF Hub [6] Company Overview - Montana Renewables is a leading renewable fuel company in Great Falls, Montana, producing SAF, Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha [9] - As the largest SAF producer in North America, MRL is committed to meeting the growing demand for sustainable fuels and supporting local economic development [9]

Group 1 - Calumet, Inc. plans to report its Fourth Quarter and Fiscal Year 2024 results on February 28, 2025 [1] - A conference call to discuss the financial and operational results is scheduled for February 28th at 9:00 AM ET [1] - The company manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels [3] Group 2 - Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America [3] - Investors and analysts can join a webcast of the call with accompanying presentation slides [2] - A toll-free participant dial-in is available for the conference call [2]

Core Viewpoint - Calumet, Inc. (CLMT) shares experienced a significant increase of 12.1% in the last trading session, closing at $16.83, following a period of 31.8% loss over the past four weeks, indicating a potential turnaround in investor sentiment [1] Group 1: Company Performance - The recent bullish trend in Calumet's stock is attributed to strong demand for its specialty products and renewable fuels, with a diverse portfolio that includes base oils, specialty oils, waxes, and fuels [2] - The company is expected to report a quarterly loss of $1.06 per share, reflecting a year-over-year decline of 34.2%, with revenues projected at $943.05 million, down 3.4% from the previous year [3] - The consensus EPS estimate for Calumet has been revised 4.1% higher over the last 30 days, suggesting a positive trend that may lead to price appreciation [4] Group 2: Industry Context - Calumet, Inc. operates within the Zacks Oil and Gas - Integrated - United States industry, where it competes with other companies like DT Midstream (DTM), which also holds a Zacks Rank of 2 (Buy) [4][5] - DT Midstream's consensus EPS estimate has changed by +0.2% over the past month, indicating a year-over-year change of -26.6%, reflecting similar challenges faced in the industry [5]

Core Points - Calumet, Inc. has announced a tactical delay in the disbursement of approximately $782 million from the U.S. Department of Energy's guaranteed loan facility, which is intended for the construction and expansion of a renewable fuels facility in Great Falls, Montana [1][2] - The CEO of Calumet emphasized alignment with White House priorities regarding domestic agriculture, energy security, and technical innovation, which have garnered bipartisan support for the loan [2] - The expansion of Montana Renewables, LLC (MRL) is expected to create significant regional economic benefits, including job creation and infrastructure development [3][4] Company Overview - Montana Renewables is a leading renewable fuel company producing Sustainable Aviation Fuel, Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha, and is the largest SAF producer in North America as of 2024 [5] - Calumet, Inc. manufactures and markets a diverse range of specialty branded products and renewable fuels across North America, operating twelve facilities [6] Economic Impact - An economic impact study predicts that by 2028, the Great Falls facility will support a population of 4,400 Montanans, primarily working-aged families [3] - The MRL expansion is projected to create 450 construction jobs and up to 40 operational jobs, contributing to local economic growth [4]

Core Viewpoint - Calumet, Inc. (CLMT) has experienced a significant downtrend, with a stock decline of 22.2% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - CLMT's current RSI reading is 26.31, suggesting that the heavy selling pressure may be exhausting, indicating a possible price rebound [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts regarding an increase in earnings estimates for CLMT, with the consensus EPS estimate rising by 165.7% over the last 30 days [6]. - An upward trend in earnings estimate revisions is generally associated with price appreciation in the near term, supporting the case for a potential turnaround [6]. Group 3: Analyst Ratings - CLMT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a favorable outlook for the stock [7].

Shares of Calumet, Inc. (CLMT) have been struggling lately and have lost 15.4% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ear ...

Group 1 - Calumet, Inc. (NASDAQ: CLMT) has distinguished itself in a competitive field, marking a significant turning point in its journey [1] - The company has a history of resilience, having weathered multiple market crashes over the decades [1] Group 2 - The article reflects a personal investment perspective, indicating a beneficial long position in CLMT shares [2]

INDIANAPOLIS, Jan. 15, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") provided an update on its recent financing activity, including the pricing by its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp., of their private placement of $100 million in aggregate principal amount of 9.75% Senior Notes due 2028 (the "Notes Offering") and registration its $65 million at-the-market equity program (the ...

Offering Details - Calumet Inc announced a private placement of $100 million in aggregate principal amount of 9 75% Senior Notes due 2028 under Rule 144A and Regulation S [1] - The New Notes will be issued at 98% of par and are expected to close on January 16 2025 [1] - The New Notes mature on July 15 2028 and are a mirror issue to the existing 9 75% Senior Notes due 2028 with $325 million in aggregate principal amount issued on June 27 2023 [2] Use of Proceeds - The net proceeds from the Offering will be used to redeem a portion of the Issuers' outstanding 11 00% Senior Notes due 2026 on or before April 15 2025 [2] Securities Offering - The securities will not be registered under the Securities Act or any state securities laws and will be offered only to qualified institutional buyers and non-U S persons outside the United States [3] Company Overview - Calumet Inc manufactures formulates and markets specialty branded products and renewable fuels operating twelve facilities throughout North America [5]

INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that, subject to market conditions, its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. (together with the Partnership, the "Issuers"), intend to offer (the "Offering") for sale to eligible purchasers in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), $ ...