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Calumet Specialty Products (CLMT)
NASDAQ:CLMT
RESEARCH TOOLSreports
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.38Last Year’s EPS
-0.51Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: -15.42%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights significant strategic achievements such as the successful conversion to a C-Corp, reduction of debt, and operational improvements in Montana Renewables. However, these are tempered by challenges in the commodity markets and regulatory uncertainties. The sentiment is neutral as positive strategic developments are balanced by external market challenges.Company Guidance
During the Calumet, Inc. Fourth Quarter and Full Year 2024 Results Conference Call, the company provided comprehensive guidance on several key metrics for 2025. The company announced a strategic shift to a C-Corp structure, reducing cash debt service by approximately one-third and enhancing cash flow growth. They successfully sold the Royal Purple Industrial business for $110 million, which will be used to reduce debt and support their specialty strategy. The specialties business saw a 7% volume increase, with Performance Brands volumes growing 22%, contributing $51 million in adjusted EBITDA. Safety performance improved significantly, with a TRIR of 0.47, while specialty operations reduced costs by over $1 per barrel. Montana Renewables achieved cost targets of $0.70 per gallon for renewables and improved reliability, positioning for growth with a $40 million to $60 million MaxSAF expansion. Overall, the company emphasized deleveraging and cash flow generation as key objectives for 2025, with expectations of continued specialty margins over $60 per barrel and anticipated SAF market expansion.Conversion to C-Corp and Debt Reduction
Calumet, Inc. converted from a master limited partnership to a C-Corp, resulting in a reduction of cash debt service by roughly one-third.
Royal Purple Industrial Sale
Announced the sale of Royal Purple Industrial business for $110 million, intended to reduce debt and enhance the specialty strategy.
Specialties Business Volume Growth
Specialty products and solutions teams grew volume by 7% year-over-year, with Performance Brands volumes growing 22%, contributing $51 million to adjusted EBITDA.
Montana Renewables Cost Reduction
The cost structure at Montana Renewables improved to $0.70 per gallon from $1.30, with a fully loaded operational cost, further expected to reduce to $0.40 per gallon.
DOE Loan Secured
Completed funding of a $782 million DOE loan, reducing expensive project financing debt and allowing for operational cash flow increase.
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CLMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | $14.98 | $14.33 | -4.34% |
| Nov 08, 2024 | $20.26 | $22.24 | +9.77% |
| Aug 09, 2024 | $11.79 | $13.64 | +15.69% |
| May 10, 2024 | $16.16 | $15.97 | -1.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Calumet Specialty Products (CLMT) report earnings?
Calumet Specialty Products (CLMT) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Calumet Specialty Products (CLMT) earnings time?
Calumet Specialty Products (CLMT) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLMT EPS forecast?
CLMT EPS forecast for the fiscal quarter 2025 (Q1) is -0.38.
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