Calumet Q3 net income rises on record production

Calumet

07/11/2025 12:09

Overview

Calumet Q3 net income rises to $313.4 mln, showing significant improvement from last year

Adjusted EBITDA for Q3 at $69.6 mln, reflecting cost reduction initiatives

Company restates financials due to cash flow misclassification, no impact on net income

Outlook

Montana Renewables aims for 120–150 mln gallons of SAF by Q2 2026

SAF marketing program progressing ahead of schedule

MaxSAF™ 150 expansion to increase SAF production by Q2 2026

Result Drivers

COST REDUCTIONS - Company-wide initiatives led to $61 mln in operating cost savings year-over-year

SPECIALTY PRODUCTS & SOLUTIONS - Record production and strong margins in this segment supported results

SAF PROGRESS - Montana Renewables' SAF placement ahead of plan with 100 mln gallons committed or in contracting

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$313.40 mln
Q3 Adjusted EBITDA
$69.60 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 $17.50, about 11.5% below its November 6 closing price of $19.51

Press Release: ID:nPn8mpbcda

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(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.)