Core Points - Calumet, Inc. plans to report its Third Quarter 2025 results on November 7, 2025 [1] - A conference call to discuss the financial and operational results is scheduled for November 7th at 9:00 AM ET [1] Company Overview - Calumet manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels [3] - The company is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America [3]

Core Insights - Calumet, Inc. reported a net loss of $147.9 million for Q2 2025, compared to a loss of $39.1 million in Q2 2024, reflecting significant challenges in financial performance [3][26] - Adjusted EBITDA with Tax Attributes for Q2 2025 was $76.5 million, showing a slight increase from $74.8 million in the same quarter last year [3][29] - The company achieved approximately $42 million in year-over-year operating cost reductions through disciplined operational execution [3][4] Financial Performance - The total sales volume for Q2 2025 was 88,766 barrels per day, a decrease from 90,242 barrels per day in Q2 2024 [7] - The Specialty Products and Solutions segment reported Adjusted EBITDA of $66.8 million in Q2 2025, down from $72.7 million in Q2 2024, attributed to a planned turnaround [2][3] - The Performance Brands segment's Adjusted EBITDA was $13.5 million in Q2 2025, compared to $14.1 million in Q2 2024, reflecting strong margin performance despite the divestiture of the Royal Purple® Industrial business [2][3] Segment Analysis - The Montana/Renewables segment reported Adjusted EBITDA with Tax Attributes of $16.3 million in Q2 2025, up from $8.7 million in the prior year, benefiting from lower operating costs and record volumes [4][31] - The gross profit (loss) for the Specialty Products and Solutions segment was $(14.9) million in Q2 2025, compared to a profit of $39.1 million in Q2 2024 [3][26] - The Montana/Renewables segment's gross profit (loss) per barrel was $(20.78) in Q2 2025, compared to $(0.18) in Q2 2024, indicating significant challenges in profitability [3][21] Operational Highlights - The company completed a month-long turnaround at its Shreveport facility, which contributed to operational performance improvements [3] - Operating costs at Montana Renewables fell to $0.43 per gallon in Q2 2025, the lowest since the platform's launch, enhancing its competitive position [3][4] - The company is on track to achieve 120–150 million gallons of annualized SAF production by Q2 2026, supported by a favorable regulatory environment [3][4]

Core Viewpoint - Calumet, Inc. has extended its asset financing arrangement with Stonebriar, increasing the value of its Shreveport terminal assets to $120 million and providing $80 million in proceeds to reduce outstanding Senior Notes due 2026 [1][2]. Group 1: Financial Transaction Details - The new financing arrangement assigns a value of $120 million to the Shreveport terminal assets, up from the previous valuation of $70 million [1]. - The transaction will yield $80 million in proceeds, which will be used to partially redeem $80 million of the outstanding 11.00% Senior Notes due 2026 at par plus accrued interest [1]. - The cost of capital for this transaction is set at 10.75% [1]. Group 2: Company Operations and Management - Todd Borgmann, CEO of Calumet, emphasized the value increase as a result of the Shreveport team's efforts to enhance facility reliability and throughput [2]. - Calumet, Inc. manufactures and markets a range of specialty branded products and renewable fuels across various consumer and industrial markets, operating twelve facilities in North America [3].

Core Viewpoint - Calumet, Inc. plans to report its financial results for the Second Quarter of 2025 on August 8, 2025, with a conference call scheduled for the same day at 9:00 AM ET [1]. Company Information - Calumet, Inc. manufactures, formulates, and markets a diverse range of specialty branded products and renewable fuels for various consumer-facing and industrial markets [3]. - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities across North America [3].

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]

Financial Performance Summary - Calumet's Adjusted EBITDA with Tax Attributes for Q1 2025 was $55 million, compared to $28.1 million in Q1 2024[5] - Specialty Products and Solutions (SPS) Adjusted EBITDA with Tax Attributes was $56.3 million in Q1 2025, up from $47.2 million in Q1 2024[5] - Performance Brands (PB) Adjusted EBITDA with Tax Attributes increased to $15.8 million in Q1 2025 from $13.4 million in Q1 2024[5] - Montana/Renewables (MRL at 87%) Adjusted EBITDA with Tax Attributes was $3.3 million in Q1 2025, a significant improvement from $(13.4) million in Q1 2024[5] - MRL at 100% Adjusted EBITDA with Tax Attributes totaled $2.4 million in Q1 2025, compared to $(6.3) million in Q1 2024[5] Strategic Initiatives and Operational Improvements - Calumet announced plans to accelerate MaxSAF expansion, targeting 120 million to 150 million gallons of SAF capacity by Q2 2026 ("MaxSAF150") with an initial capital cost estimate of $20-$30 million[6] - The company issued a notice of partial redemption for $150 million of '26 Notes[6] - Calumet achieved a year-over-year operating cost reduction of $22 million in Q1 2025[6] - Montana Renewables generated a Production Tax Credit (PTC) of $0.47 per gallon, totaling $19.6 million in Q1 2025[40, 45] - Consolidated quarter-ending liquidity was $542.7 million, with $347.3 million in the restricted group[6]

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]