INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that the Company has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the "SEC") establishing an at-the-market equity offering program (the "ATM Program") under which it may issue and sell, from time to time, shares of its common stock having an aggregate gross sales price of up to $65 million (the "Offered Shares"). Calumet intends to use the net proceeds from ...

INDIANAPOLIS, Jan. 14, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected financial results for the fourth quarter ended December 31, 2024. Based on preliminary data, the Company currently expects to report a net loss between $54 million and $24 million and Adjusted EBITDA between $45 million and $60 million for the fourth quarter 2024.  For a reconciliation of the preliminary estimate of Adjusted EBITDA to preliminary estim ...

Calumet, Inc. (CLMT) recently announced the completion of a $1.44 billion guaranteed loan facility that had been awarded by the U.S. Department of Energy (DOE). The funding, designated for Renewable Fuels and Biomass Energy, will support its subsidiary, Montana Renewables.How Will CLMT Benefit From the DOE Loan?The expansion program includes several developments, such as a second renewable fuels reactor, removing the bottlenecks of any of the existing units, installing SAF assets that can be used for blendi ...

Summary of Calumet, Inc. Analyst Update Call Company Overview - **Company**: Calumet, Inc. (NASDAQ: CLMT) [1] - **Date of Call**: January 13, 2025 [1] Key Participants - **Company Participants**: - John Kompa - Director, IR [1] - Todd Borgmann - Chief Executive Officer [1] - Bruce Fleming - EVP, Montana Renewables and Corporate Development [1] - **Conference Call Participants**: - Roger Read - Wells Fargo [1] - Neil Mehta - Goldman Sachs [1] - Saumya Jain - UBS [1] - Jason Gabelman - TD Cowen [1] - Amit Dayal - H.C. Wainwright [1] Core Points and Arguments - **DOE Loan Closing**: The call primarily focused on the recent closing of the Department of Energy (DOE) loan for Montana Renewables, which is a significant development for the company [2][4]. - **Forward-Looking Statements**: The company provided cautionary statements regarding forward-looking statements and advised participants to refer to their press release and SEC filings for factors that may affect actual results [3]. Additional Important Content - **Access to Materials**: Participants were informed that slides accompanying the call could be downloaded from the investor relations section of the company's website, and a replay of the call would be available shortly after [2]. - **Company's Strategic Focus**: The mention of Montana Renewables indicates a strategic focus on renewable energy initiatives, which may align with broader industry trends towards sustainability [4].

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Core Viewpoint - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] Group 1: Momentum Investing Strategy - Momentum investing involves betting on stocks that are trending upwards, but determining the right entry point can be challenging [1] - Stocks can lose momentum if their future growth does not justify their inflated valuations, leading to potential losses for investors [1] Group 2: Investment Approach - A safer investment strategy is to target bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] - The 'Fast-Paced Momentum at a Bargain' screen helps identify fast-moving stocks that remain attractively priced [2] Group 3: Calumet, Inc. (CLMT) Analysis - Calumet, Inc. (CLMT) has shown a four-week price change of 1.7%, indicating growing investor interest [3] - Over the past 12 weeks, CLMT's stock has gained 8.4%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - CLMT has a beta of 1.9, suggesting it moves 90% more than the market in either direction, indicating fast-paced momentum [4] Group 4: Performance Metrics - CLMT has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [6] - CLMT is trading at a Price-to-Sales ratio of 0.44, indicating it is undervalued, as investors pay only 44 cents for each dollar of sales [6] Group 5: Additional Opportunities - Besides CLMT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [8]

Company Announcement - Calumet Inc plans to hold an analysts call on January 13 2025 at 9:00 am ET to discuss the closing of its $1 44 billion guaranteed loan with the US Department of Energy Loan Programs Office [1] Webcast and Call Details - Investors analysts and media can join the live webcast with presentation slides available at http://calumetspecialty investorroom com/events [2] - Participants can pre-register for the call at https://dpregister com/sreg/10195965/fe494588bc or dial toll-free at 1-844-695-5524 (US) or 1-412-317-0700 (International) [2] - A replay of the call will be available on the company's investor relations website under the events section [2] Company Overview - Calumet Inc manufactures formulates and markets specialty branded products and renewable fuels for consumer-facing and industrial markets [3] - The company is headquartered in Indianapolis Indiana and operates twelve facilities across North America [3]

Loan Facility and Expansion - Calumet Inc closed a $1.44 billion guaranteed loan facility with the US Department of Energy to fund the construction and expansion of Montana Renewables' renewable fuels facility [1] - The expansion will position Montana Renewables as one of the largest Sustainable Aviation Fuel (SAF) producers globally, increasing annual production capacity to approximately 300 million gallons of SAF and 330 million gallons of combined SAF and renewable diesel [2] - The expansion includes a second renewable fuels reactor, debottlenecking of existing units, installation of SAF blending and logistics assets, increased renewable hydrogen production, cogeneration for renewable electricity and steam, and on-site water treatment and recycling capabilities [2] Regional and Economic Impact - The expansion will double Montana Renewables' purchases of seed oils and tallow from 1.5 billion pounds per year to 3 billion pounds per year post-expansion [3] - The project is expected to create 450 construction jobs and up to 40 operations jobs [8] - By 2028, the economic footprint of the Great Falls site is expected to support a population of 4,400 Montanans, primarily working-aged families and their children [5] - The expansion is expected to catalyze additional regional development, particularly for renewable feedstocks sourced from farms and ranches, and create a large-scale, end-to-end SAF industry in Montana and the Pacific Northwest [7] Loan Structure and Funding - The loan guarantee is structured to release a first tranche of approximately $782 million to fund eligible expenses previously incurred by Montana Renewables [4] - Calumet expects to make an additional $150 million equity investment with funds it currently holds [4] - The balance of the guaranteed loan proceeds is held in a delayed draw construction facility, with the second tranche expected to be disbursed during construction beginning in 2025 through the anticipated completion of the MaxSAF project in 2028 [4] - The loan has a 15-year tenor and an annual interest rate at the US Treasury rate plus 3/8%, with servicing of principal and interest deferred until MaxSAF is commissioned [4] Company Overview - Montana Renewables is a leading renewable fuel company located in Great Falls, Montana, producing Sustainable Aviation Fuel, Renewable Diesel, Renewable Hydrogen, and Renewable Naphtha [9] - As the largest SAF producer in North America (2024), Montana Renewables is dedicated to meeting the increasing demand for sustainable fuels and supporting a greener future [9] - Calumet Inc manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets [10]

INDIANAPOLIS, Dec. 23, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet") announced today that it plans to attend two investor conferences in January 2025. On January 7th and 8th, Calumet will attend the Goldman Sachs Energy, CleanTech & Utilities Conference 2025 and will be holding one-on-one investor meetings at the conference. On Tuesday, January 14th, Calumet will attend the UBS Global Energy & Utilities Winter Conference and will be holding one-on-one investor meetings throughout the day at ...

INDIANAPOLIS, Nov. 25, 2024 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") and its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the "Partnership") and Calumet Finance Corp. ("Finance Corp." and, together with the Partnership, the "Issuers"), today announced the final settlement of the previously announced private exchange offer (the "Exchange Offer") to certain holders of their 11.00% Senior Notes due 2025 (the "Old Notes") to exchange any and all of the O ...