Overview

* Calumet Q2 revenue beats analyst expectations, driven by strong Specialties performance

* Net loss widens to $147.9 mln from $39.1 mln in prior year

* Adjusted EBITDA with Tax Attributes rises to $76.5 mln, aided by cost savings

Outlook

* Calumet expects Montana Renewables SAF production of 120-150 mln gallons by Q2 2026

Result Drivers

* COST REDUCTIONS - Achieved $42 mln in year-over-year operating cost savings through first half of 2025

* SPECIALTIES PERFORMANCE - Strong sales and margin expansion despite planned turnaround at Shreveport facility

* MONTANA RENEWABLES - Record operational performance and reduced operating costs, enhancing competitive position

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.03 $925.20

Revenue bln mln (5

Analysts

)

Q2 EPS -$1.7

Q2 Net -$147.90

Income mln

Q2 $55.10

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

* Wall Street's median 12-month price target for Calumet Inc ( CLMT ) is $17.00, about 12.3% above its August 7 closing price of $14.91

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)