INDIANAPOLIS, Aug. 26, 2025 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet, ""we," "our" or "us") provided an update regarding the recent U.S. Environmental Protection Agency (EPA) decision on small refinery exemptions and the expected impact on our Renewable Identification Number ("RINs") balance sheet accrual.On Friday, August 22, the EPA notified Calumet that we were successful in receiving full or partial exemptions on every petition that was filed by the Company from 2019 through 2024.  With Fr ...

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]

Group 1: Earnings Performance - Aemetis reported a quarterly loss of $0.41 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.35, representing an earnings surprise of -17.14% [1] - The company posted revenues of $52.24 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 35.62%, compared to year-ago revenues of $66.56 million [2] - Over the last four quarters, Aemetis has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - Aemetis shares have lost about 4.5% since the beginning of the year, while the S&P 500 has gained 7.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is -$0.26 on revenues of $104.19 million, and -$1.34 on revenues of $332.8 million for the current fiscal year [7] Group 3: Industry Context - The Biofuels industry, to which Aemetis belongs, is currently in the top 41% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Aemetis' stock performance [5][6]

Core Insights - Alto Ingredients, Inc. reported a gross profit increase of $5.6 million in Q2 2025 compared to Q2 2024, despite facing challenges in net sales and gross loss [1][4][6]. Financial Performance - For the three months ended June 30, 2025, net sales were $218.4 million, down from $236.5 million in the same period of 2024 [6][15]. - Cost of goods sold decreased to $220.4 million from $228.9 million year-over-year [6][15]. - The company experienced a gross loss of $1.9 million, compared to a gross profit of $7.6 million in Q2 2024 [6][15]. - Selling, general and administrative expenses were reduced to $6.2 million from $9.0 million [6][15]. - Interest expense increased to $2.8 million from $1.7 million [6][15]. - The net loss attributable to common stockholders was $11.3 million, or $0.15 per share, compared to a net loss of $3.4 million, or $0.05 per share, in Q2 2024 [6][15]. - Adjusted EBITDA was negative $0.2 million, an improvement from negative $5.9 million in the prior year [6][15]. Operational Highlights - The Western assets generated gross profit due to the acquisition of a liquid CO2 facility and strategic operational adjustments, including cold-idling the Magic Valley facility [2][3]. - The marketing and distribution segment improved through the integration of bulk sales customers and the continuation of profitable third-party ethanol marketing relationships [2][3]. - The company capitalized on operational flexibility by selling higher-margin ISCC export products into Europe [2][3]. Regulatory Environment - Positive regulatory developments, such as the extension of the 45Z credit through 2029, are expected to enhance the earnings profile and intrinsic valuation of the company's facilities [3]. - The company anticipates applying for credits amounting to nearly $18 million over the next two years based on targeted carbon intensity scores [3]. Sales and Production Metrics - Total renewable fuel gallons sold decreased to 66.8 million in Q2 2025 from 74.1 million in Q2 2024 [22][23]. - Specialty alcohol gallons sold were 19.9 million, down from 21.0 million year-over-year [22][23]. - The average market price for ethanol was $1.72 per gallon, slightly lower than the previous year [23][24].

Core Insights - Parkland Corporation reported a record second quarter Adjusted EBITDA of $508 million, reflecting the strength and run rate potential of its diversified business [1][11] - The company is advancing the Sunoco Transaction, which is valued at approximately U.S.$9.1 billion, including assumed debt [5][6] - Parkland's Canadian and International businesses demonstrated resilience, with strong supply optimization and operations at the Burnaby refinery contributing to above mid-cycle refining margins [2][11] Financial Performance - For Q2 2025, total sales and operating revenue was $6,874 million, down from $7,504 million in Q2 2024 [10] - Adjusted EBITDA increased slightly from $504 million in Q2 2024 to $508 million in Q2 2025, driven by strong operations at the Burnaby Refinery and robust performance in Canada [11] - Net earnings rose significantly to $172 million ($0.99 per share) compared to $70 million ($0.40 per share) in Q2 2024 [11][12] Segment Highlights - Canada segment delivered Adjusted EBITDA of $190 million, up from $168 million in Q2 2024, attributed to stronger fuel unit margins and volume growth [11] - International segment's Adjusted EBITDA was $168 million, down from $180 million in Q2 2024, impacted by lower unit margins due to market instability [11] - USA segment's Adjusted EBITDA decreased to $26 million from $47 million in Q2 2024, primarily due to lower fuel unit margins and reduced retail volumes [11] Sunoco Transaction Update - Parkland shareholders approved the Sunoco Transaction with over 93 percent of votes in favor, and the transaction is expected to close in Q4 2025 [6][7] - The company has received necessary regulatory approvals, including from the Court of King's Bench of Alberta and Competition Act (Canada) clearance [6][7] 2025 Guidance - Parkland remains on track to meet its 2025 Adjusted EBITDA Guidance range of $1,800 to $2,100 million and Capital Expenditure Guidance range of $475 to $525 million [8]

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 September 3rd, 2025, Calumet will attend the Barclays 39th Annual CEO Energy-Power Conference and will hold one-on-one investor meetings [3] - On September 8th, 2025, Calumet will attend the H.C. Wainwright 27th Annual Global Investment Conference, where it will present and conduct one-on-one investor meetings throughout the day [3]

Financial Performance - Q2 2025 - Adjusted earnings reached $973 million, or $2.38 per share[16] - Operating cash flow totaled $845 million[16] - Shareholder distributions amounted to $906 million[17] - Capital expenditures and investments were $587 million[17] - Net debt-to-capital ratio stood at 41%[17] Segment Performance - Q2 2025 - Midstream adjusted EBITDA was $1 billion[11] - Refining adjusted pre-tax income was $392 million[20] - Marketing & Specialties adjusted pre-tax income was $660 million[20] - Renewable Fuels had an adjusted pre-tax loss of $133 million[20] Refining Metrics - Q2 2025 - Refining crude utilization was 98%[43] - Clean product yield was 86%[43] - Market capture was 99%[43] - Refining adjusted controllable costs were $5.46 per barrel[43] Outlook - Q3 2025 - Global Olefins & Polyolefins utilization is projected in the mid-90% range[25] - Refining crude utilization is expected in the low to mid-90% range[25] - Refining turnaround expense is estimated between $50 million and $60 million[25] - Corporate & Other costs are projected between $350 million and $370 million[25]

Core Viewpoint - Parkland Corporation is set to announce its second quarter results for 2025 on August 5, 2025, and will not hold a conference call due to a pending arrangement with Sunoco LP [1][2]. Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [3]. - The company provides a range of fuel and convenience solutions, including renewable fuels, ultra-fast EV charging, and solar power, aimed at reducing environmental impact [3]. Strategic Focus - The company's strategy is built on two interconnected pillars: Customer Advantage and Supply Advantage. - Customer Advantage focuses on being the preferred choice for customers through proprietary brands, competitive pricing, and a robust loyalty program [4]. - Supply Advantage aims to achieve the lowest cost to serve in challenging markets through well-positioned assets and significant scale [4].

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 - Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, serving various markets including Health, Home & Beauty, Food & Beverage, Industry & Agriculture, Essential Ingredients, and Renewable Fuels [6]. Board of Directors Update - Gilbert Nathan has been appointed as Chair and Dianne Nury as Vice-Chair of the board of directors, with Alan R. Tank and Jeremy T. Bezdek elected as new directors during the annual meeting on June 25, 2025 [1][2]. - Gilbert Nathan expressed his honor in serving as Chairman and emphasized the importance of the new board members' experience in enhancing shareholder value [2]. - Bryon McGregor, CEO of Alto Ingredients, highlighted the significance of the new directors' expertise in renewable energy and capital raising for the company's growth strategy and commitment to sustainability [2]. New Board Members' Expertise - Jeremy T. Bezdek brings over 30 years of experience in leadership, business development, M&A, and strategy execution across energy, renewables, and advanced manufacturing sectors. He has served on ten boards since 2010 and has a strong background in managing multi-billion-dollar investments [2][3]. - Alan R. Tank has over three decades of executive leadership in agriculture, food, and renewable energy sectors. He has held advisory roles in decarbonization opportunities and has co-owned a family farm, showcasing his diverse experience in the industry [4][5].