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]

Company Overview - 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 [3] - The company is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America [3] Upcoming Financial Results - Calumet, Inc. plans to report results for the First Quarter 2025 on May 9, 2025 [1] - A conference call to discuss the financial and operational results is scheduled for May 9th at 9:00 AM ET [1] Conference Call Details - Investors, analysts, and media members can join a webcast of the call with accompanying presentation slides [2] - A toll-free participant dial-in is available at 1-844-695-5524 (US) or 1-412-317-0700 (International) [2] - A replay of the conference call will be available a few hours after the event on the investor relations section of the company's website [2]

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]

Calumet (NASDAQ: CLMT ) reported in-line results for the 4th quarter of 2024. Management surprised investors with announcing the sale of a small portion of the Performance Brand (PB) business for $110 million. The conference call reflected fruits from many yearsI have been an investor for several decades enduring the 87 crash, 2000 crash, and 08 crash. I do use trading systems developed with TradeStation. I have enjoyed the rewards from both buy and hold and trading. My professional experiences includes sev ...

Calumet Specialty Products Partners (CLMT) Q4 2024 Earnings Call February 28, 2025 08:10 PM ET Company Participants John Kompa - Director of Investor RelationsTodd Borgmann - CEODavid Lunin - Executive VP & CFOBruce Fleming - EVP Montana/Renewables and Corporate DevelopmentJason Gabelman - MD - Equity ResearchNeil Mehta - Head of Americas Natural Resources Equity ResearchScott Obermeier - Executive Vice President, Specialty Conference Call Participants Roger Read - Senior Energy AnalystGregg Brody - Analyst ...

Group 1 - Calumet, Inc. held its Fourth Quarter and Full Year 2024 Results Conference Call on February 28, 2025 [1][2] - Key participants included CEO Todd Borgmann, CFO David Lunin, and other executive vice presidents [1][4] - The call included a presentation with accompanying slides available on the company's investor relations website [4] Group 2 - The company provided cautionary statements regarding forward-looking statements during the call [5] - Participants were reminded to refer to the press release and SEC filings for factors that may affect actual results [5]

Financial Performance - Calumet's total adjusted EBITDA for Q4 2024 was $56.6 million[6], while the full year 2024 reached $194.8 million[6] - The Specialty Products and Solutions (SPS) segment reported an adjusted EBITDA of $43.4 million in Q4 2024 and $193.6 million for the full year[6] - Performance Brands (PB) achieved an adjusted EBITDA of $16.3 million in Q4 2024 and $57.4 million for the full year[6] - Montana/Renewables (MR) segment's adjusted EBITDA was $10.9 million in Q4 2024 and $16.7 million for the full year[6]; Calumet's 86% allocation of this segment's adjusted EBITDA was $18.2 million in Q4 2024 and $24.9 million in FY 2024[6] Strategic Initiatives - Calumet successfully converted its structure to a C-Corp[6] - The company closed and funded a DOE loan[6], reducing company-wide cash debt servicing costs by approximately $80 million annually[9] - Calumet received $70 million for Restricted Group deleveraging[9] - Calumet announced a definitive agreement to sell assets related to the Royal Purple industrial business for $110 million[7] Renewables Segment - Renewable production reached 7,865 barrels per day in Q4 2024, compared to 5,441 barrels per day in Q4 2023[22] - Conventional production was 10,568 barrels per day in Q4 2024, versus 11,663 barrels per day in Q4 2023[22]

Core Viewpoint - Lubrication Engineers, Inc. has announced a definitive agreement to acquire the industrial brands and products of Royal Purple, enhancing its portfolio in high-performance industrial lubricants and asset reliability solutions [1][3]. Company Overview - Lubrication Engineers, Inc. (LE) is a leader in the development, manufacturing, and sale of premium industrial greases, gear oils, and lubricants, servicing customers in over 60 countries from its 150,000 sq. ft. manufacturing facility in Wichita, Kansas [5]. - Royal Purple (RPI) specializes in premium synthetic performance fluids, lubricants, and greases, designed for various industrial applications, including gear oils and hydraulic lubricants [2]. Strategic Fit - The acquisition of RPI aligns with LE's core strategy of developing ultra-premium, maintenance, repair, and operations (MRO)-oriented industrial lubricants and asset reliability solutions [4]. - LE aims to leverage RPI's research and development, sales, and marketing teams to enhance product offerings and customer service [3][4]. Transaction Details - The transaction is expected to close in the first half of 2025, pending customary closing conditions [4]. - Calumet, Inc. will retain ownership of the consumer segment of Royal Purple and related manufacturing assets [1].