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Calumet Specialty Products (CLMT)
NASDAQ:CLMT
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.6Last Year’s EPS
-$0.59Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 0.64%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects positive steps in strategic initiatives such as the C-Corp conversion and DOE loan commitment, alongside significant production volume increases. However, these are tempered by challenges in the commodity environment and reduced EBITDA in the Montana/Renewables segment.Company Guidance
During the CLMT Q3 2024 earnings call, the company highlighted several key metrics and strategic initiatives. Among the significant developments, Calumet completed its conversion to a C-Corp and announced a conditional commitment for a $1.44 billion Department of Energy (DOE) loan to support the Montana Renewables MaxSAF expansion. The company reported strong production volumes in its Specialty Products segment, achieving a $42.6 million adjusted EBITDA, reflecting a 10% year-over-year increase despite a weaker commodity environment. Calumet's Specialty Products segment maintained margins in the $60 to $70 per barrel range, a notable improvement from historical levels. The Performance Brands segment also demonstrated growth with a 19% increase in volumes. Furthermore, Montana Renewables achieved positive adjusted EBITDA of $7 million, attributable to increased SAF production, despite industry margin pressures. The company plans to fund the Montana Renewables expansion without public equity raises and aims to leverage its unique geographical advantage in the sustainable aviation fuel market.Successful C-Corp Conversion
Calumet successfully completed the conversion into a C-Corp, resulting in increased demand for shares and a tenfold increase in average daily trading volume.
DOE Loan Commitment
Calumet received a conditional commitment for a $1.44 billion DOE loan to support the Montana Renewables MaxSAF expansion.
Record Production Volumes
The Specialty Products and Solutions segment reported the strongest production volumes since its current reporting form.
Sustainable Aviation Fuel (SAF) Production Increase
SAF production increased to a 50 million gallon annual run rate in September, with all production sold at a premium.
Performance Brands Volume Growth
Performance Brands segment reported a 19% year-over-year volume growth, with a 21% increase on a year-to-date basis.
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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 |
|---|---|---|---|
| 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% |
| Feb 23, 2024 | $17.21 | $16.60 | -3.54% |
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 Mar 06, 2025, TBA Not Confirmed.
What is Calumet Specialty Products (CLMT) earnings time?
Calumet Specialty Products (CLMT) earnings time is at Mar 06, 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 2024 (Q4) is -$0.6.
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