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Calumet(NASDAQ) CLMT

Market Cap$3.44BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2006)+351%
5 Year+518%
1 Year+165%
1 Month+2%
$39.49
-5.71%
-2.39Today
After hours$39.52+$0.03 (+0.08%)
Calumet last closing stock price
MetricPriceDate
Last closeUSD 39.482026-08-07
Calumet stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-10.66%USD 44.192026-07-31
1 month+1.78%USD 38.792026-07-08
3 month+23.07%USD 32.082026-05-08
Year to date+98.69%USD 19.872025-12-31
1 year+164.79%USD 14.912025-08-07
3 year+152.11%USD 15.662023-08-08
5 year+517.84%USD 6.392021-08-06
Since inception+351.04%USD 8.752006-01-26

Calumet Financials at a Glance

Market Cap

$3.44BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$4.59B

Net Income (TTM)

-$136.80M

EPS (TTM)

-$2.17

P/E Ratio

-18.19

Dividend

$0.00

Beta (Volatility)

0.91 (Low)

Price

$39.49

Volume

2,261,703.574

Open

$40.85

Previous Close

$39.48

Daily Range

$38.62 - $41.47

52-Week Range

$12.94 - $45.20

Estimated Earnings Date

Aug 7, 2026

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About Calumet

Calumet makes special oils and fuels that help machines run and cars move. They serve many different businesses that need specific liquids like wax or motor oil. The company also produces cleaner energy like renewable diesel for the transportation market.

Specialty Oils and Greener Fuels

  • Specialty Products and Solutions: Produces lubricating oils, solvents, and waxes used in industrial and consumer goods; represents 68.5% of net sales.
  • Montana/Renewables: Refines traditional asphalt and produces renewable diesel and sustainable aviation fuel (jet fuel made from renewable sources); accounts for 22.9% of net sales.
  • Performance Brands: Blends and markets high-quality products under the Royal Purple, Bel-Ray, and TruFuel labels; makes up 8.6% of net sales.

Charting a New Path

  • Finalized the sale of the industrial portion of the Royal Purple business to Lubrication Engineers, Inc. on December 31, 2025.
  • Secured a $1.44 billion loan facility from the U.S. Department of Energy in early 2025 to expand its renewable fuel facility.
  • Converted from a partnership into a corporation on July 10, 2024, to simplify its business structure.
  • Entered a sale and leaseback agreement with Stonebriar Commercial Finance LLC for refinery equipment in Montana during 2024 and 2025.

What Makes the Gears Turn?

Calumet operates 12 North American facilities and focuses on geographically advantaged markets in the western United States and Canada. The company manages a complex portfolio of Renewable Identification Numbers, which are credits used to meet federal environmental regulations.

A Look at the Books

  • Revenue grew to $1.0 billion in Q1 2026, up 3.6% from $993.9 million in Q1 2025.
  • Net loss deepened to $317.0 million in Q1 2026 from $162.0 million in the same period last year.
  • Free cash flow improved to negative $99.4 million in Q1 2026, compared to negative $128.2 million in Q1 2025.
  • Operating loss reached $171.3 million in Q1 2026, worsening from a $48.7 million loss in Q1 2025.

Bottom Line

Calumet is transitioning from a traditional oil refinery model toward a mix of specialty chemicals and renewable energy. This shift relies on major government-backed funding and the sale of non-core assets to manage financial obligations.

AI Generated • May 24, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

1,540

CEO

Louis Todd Borgmann, MBA

Headquarters

Indianapolis, IN 46204-1044, US

CLMT Financials

Key Financial Metrics (TTM)

Gross Margin

6.57%

Operating Margin

1.17%

Net Income Margin

-2.98%

Return on Equity

15.17%

Return on Capital

3.14%

Return on Assets

-4.88%

Earnings Yield

-5.50%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$3.44BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

87.15M

Volume

2.26M

Avg. Volume

1.02M

Financials (TTM)

Gross Profit

$301.50M

Operating Income

$53.80M

EBITDA

-$31.40M

Operating Cash Flow

$223.00M

Capital Expenditure

-$72.60M

Free Cash Flow

$150.40M

Cash & ST Invst.

$109.80M

Total Debt

$33.50M

Calumet Performance Analysis

Calumet annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 4,686,300,00048.9%
20232023-12-31USD 4,181,000,000-10.8%
20242024-12-31USD 4,189,400,0000.2%
20252025-12-31USD 4,137,100,000-1.2%
Calumet sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-305.0%
Q42025-12-31-3.7%
Q12026-03-31-0.9%
Q22026-06-3040.4%
Calumet annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2.14-33.7%
20232023-12-31USD 0.59N/A
20242024-12-31USD -2.67N/A
20252025-12-31USD -0.39-85.4%
Calumet sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30312.4%
Q42025-12-31-111.9%
Q12026-03-31-746.5%
Q22026-06-3070.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$1.45B

+40.8%

Gross Profit

$18.30M

+142.0%

Gross Margin

1.27%

N/A

Market Cap

$3.44BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.23M

N/A

Employees

1,540

N/A

Net Income

-$95.90M

+35.2%

EBITDA

-$34.60M

+26.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$109.80M

-0.7%

Total Debt

$33.50M

-98.7%

Accounts Receivable

$417.00M

+36.3%

Inventory

$421.00M

+13.6%

Long Term Debt

$0.00

-100.0%

Short Term Debt

$33.50M

-88.6%

Return on Assets

-4.88%

N/A

Return on Invested Capital

3.39%

N/A

Free Cash Flow

$54.00M

+590.9%

Operating Cash Flow

$92.30M

+3450.0%

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Questions About CLMT

What is the current price of Calumet?

Calumet is trading at $39.48 per share.

What is the 52-week range for Calumet?

Over the past 52 weeks, Calumet has traded between $12.94 and $45.20.

How much debt does Calumet have?

As of the most recent reporting period, Calumet reported total debt of $2.26B.

How much cash does Calumet have on hand?

Calumet reported $149.80M in cash and cash equivalents in its most recent financial results.

What is Calumet’s dividend yield?

Calumet does not currently have a dividend yield.

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