Calumet Q2 revenue beats expectations, net loss widens

Calumet

08/08/2025 12:20

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/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.03 bln
$925.20 mln (5 Analysts)
Q2 EPS
-$1.7
Q2 Net Income
-$147.90 mln
Q2 Adjusted EBITDA
$55.10 mln


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 is $17.00, about 12.3% above its August 7 closing price of $14.91

Press Release: ID:nPn2sNgSza

(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.)