Calumet Stock Price, News & Analysis

Calumet (NASDAQ: CLMT) has extended its Shreveport terminal asset financing arrangement with Stonebriar Commercial Finance, increasing the asset value to $120 million. The transaction will provide $80 million in proceeds to Calumet, reflecting the difference between the new value and the remaining $40 million balance on the prior schedule.

The financing carries a 10.75% cost of capital, and proceeds will be used to partially redeem Calumet's 11.00% Senior Notes due 2026. The company has initiated a redemption of $80 million of these notes at par value, with the redemption date set for August 12, 2025. The previous sale-leaseback agreement valued these assets at $70 million with a scheduled repurchase in February 2027.

[ "Asset value increase from $70M to $120M demonstrates significant facility improvement", "Reduction in interest expense by refinancing 11.00% notes with 10.75% financing", "Strategic deleveraging of balance sheet through debt refinancing" ]

Calumet (NASDAQ: CLMT) has scheduled its Second Quarter 2025 earnings release for August 8, 2025. The company will host a conference call to discuss financial and operational results on the same day at 9:00 AM ET.

Interested parties can access the presentation through a webcast available on Calumet's investor relations website. Participants can also join via telephone by pre-registering online or using the toll-free numbers: 1-844-695-5524 (US) or 1-412-317-0700 (International). A replay of the conference call will be available on the company's website shortly after the event.

Calumet (NASDAQ: CLMT), a manufacturer of specialty branded products and renewable fuels, has announced its participation in two major investor conferences in June 2025. The company will attend the Bank of America Securities Energy and Power Credit Conference on June 5th and the Wells Fargo Industrials & Materials Conference on June 11th. At both events, Calumet will conduct one-on-one meetings with investors.

Headquartered in Indianapolis, Calumet operates twelve facilities across North America, serving various consumer-facing and industrial markets with its diversified product portfolio.

Calumet (NASDAQ: CLMT) reported Q1 2025 results with a net loss of $162.0 million ($1.87 per share), compared to a loss of $41.6 million in Q1 2024. Adjusted EBITDA with Tax Attributes was $55.0 million. Key developments include: - Received $782 million DOE loan funding in February 2025 - Sold Royal Purple® industrial business for $110 million - Announced $150 million partial redemption of 2026 Notes - Achieved $22 million year-over-year reduction in operating costs - Plans to accelerate MaxSAF™ expansion to reach 120-150 million gallon SAF capacity by Q2 2026 for $20-30 million - Maintained strong liquidity of $542.7 million Segment performance showed mixed results with Specialty Products Solutions and Performance Brands posting positive Adjusted EBITDA of $56.3M and $15.8M respectively, while Montana/Renewables reported $3.3M Adjusted EBITDA with Tax Attributes.

Calumet (NASDAQ: CLMT) has announced it will release its First Quarter 2025 financial results on May 9, 2025. The company will host a conference call and webcast at 9:00 AM ET on the same day to discuss the quarterly performance and operational results.

Interested investors, analysts, and media representatives can access the live presentation through a webcast link available on Calumet's investor relations website. Participants who prefer to dial in can pre-register for the call or use the toll-free numbers: 1-844-695-5524 (US) or 1-412-317-0700 (International). A replay of the conference call will be made available on the company's website shortly after the event.

Calumet (NASDAQ: CLMT) has completed the sale of its Royal Purple® industrial business assets to Lubrication Engineers, Inc., a portfolio company of Aurora Capital Partners, for $110 million in cash. The sold assets include industrial gear lubricants, bio-environmental lubricants, and various industrial oils, along with an exclusive brand license for industrial applications.

The divested industrial segment generated approximately $29 million in total sales during 2024. Calumet retained ownership of the Porter, Texas manufacturing site and the consumer portion of Royal Purple®, which focuses on automotive products sold through national retail and specialty auto parts stores. The company plans to use the proceeds primarily for debt reduction.

Additionally, Calumet announced the termination of its at-the-market (ATM) equity offering program, which was announced in January 2025 but was never utilized.

Calumet (NASDAQ: CLMT) has announced plans to nominate Julio Quintana and Karen Narwold to its Board of Directors at the 2025 Annual Meeting of Stockholders. This announcement comes as current board members Jim Carter and Dan Sheets plan to retire following the completion of their terms.

The board transition follows several key achievements, including the company's successful conversion from a master partnership to a C-, the establishment of Montana Renewables, and securing a $1.4 billion Department of Energy loan. The company has also revamped its Specialties business to enhance cash flow generation.

The nominations, supported by Wasserstein Debt Opportunities (WDO), align with Calumet's strategic priorities focusing on deleveraging, cash flow growth, accretive asset monetization, and expanding Montana Renewables into a leading global producer of sustainable aviation fuel.

Calumet (NASDAQ: CLMT) has announced its participation in the Wolfe Research Refining Conference scheduled for March 6, 2025, in New York. The company will conduct one-on-one meetings with investors throughout the conference day.

Calumet, headquartered in Indianapolis, Indiana, specializes in manufacturing, formulating, and marketing specialty branded products and renewable fuels. The company serves various consumer-facing and industrial markets through its twelve facilities across North America.

Lubrication Engineers (LE) has announced a definitive agreement to acquire the industrial brands and products division of Royal Purple (RPI) from Calumet (NASDAQ: CLMT). The deal will make LE the exclusive manufacturer and seller of Royal Purple®-branded industrial products, while Calumet retains ownership of Royal Purple's consumer division and manufacturing assets.

RPI specializes in premium synthetic performance fluids, lubricants, and greases for industrial applications, including gear oils, bio-environmental lubricants, industrial engine oils, hydraulic lubricants, and compressor oils. The company serves various sectors including manufacturing, power generation, petrochemicals, energy, and marine industries.

This marks LE's first acquisition since partnering with Aurora Capital Partners in September 2023. The transaction is expected to close in the first half of 2025, subject to customary closing conditions.