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].

Core Viewpoint - Calumet, Inc. (CLMT) has experienced a 15.4% decline in shares over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick suggesting that the stock may have found support after a downtrend [3][4]. - This pattern signals that bears may have lost control, and the emergence of buying interest could indicate a potential trend reversal [4]. Fundamental Analysis - Recent upward revisions in earnings estimates for CLMT serve as a bullish indicator, correlating strongly with near-term stock price movements [6]. - The consensus EPS estimate for the current year has increased by 165.7% over the last 30 days, indicating strong agreement among analysts regarding improved earnings potential [7]. - CLMT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].

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"), $ ...

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 ...

Core Insights - Calumet, Inc. announced preliminary financial results for Q4 2024, expecting a net loss between $54 million and $24 million, and Adjusted EBITDA between $45 million and $60 million [2][21] - The company is focused on strategic progress, including the successful closing of a Department of Energy loan and operational milestones in its specialties and renewable fuels businesses [3][4] Financial Performance - The expected net loss for Q4 2024 ranges from $54 million to $24 million, while Adjusted EBITDA is projected to be between $45 million and $60 million [2][21] - The company reported a positive impact of approximately $20 million from insurance proceeds related to business interruption claims [4] Operational Highlights - Calumet achieved a 50 million gallon annualized Sustainable Aviation Fuel (SAF) run rate and met operational cost targets of $0.70 per gallon at its Montana Renewables facility [3][4] - The specialties business continued to show exceptional production, although seasonal impacts were noted in the fuel and asphalt segments [5] Strategic Focus - The company plans to focus on deleveraging its balance sheet in 2025, utilizing cash flow from earnings and anticipated capital raises to pay down 2026 notes [4] - Capital expenditures for 2025 are expected to be between $50 million and $70 million for the specialties business and $10 million to $20 million for maintenance capital at Montana Renewables [6]