Calumet (NASDAQ:CLMT) Releases Earnings Results, Misses Expectations By $3.31 EPS

Calumet (NASDAQ:CLMT) released its quarterly earnings results on Friday. The oil and gas company reported ($3.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($3.31), FiscalAI reports. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Calumet’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.87) earnings per share.

Here are the key takeaways from Calumet’s conference call:

• EPA’s Set 2 RVO and current commodity disruptions have created sharply higher spreads, resetting the outlook for biofuels and providing strong tailwinds for Montana Renewables and fuels margins.
• Calumet reported $50.1 million Adjusted EBITDA in Q1 2026, highlighted MRL EBITDA improvement and the on-time, on-budget MaxSAF 150 expansion, and expects these dynamics plus ~$1–$2/gal SAF premiums to accelerate cash generation and deleveraging; management has also hedged roughly 25% of fuels production for 2026–27 to de-risk cash flow.
• An operational issue at Shreveport from unexpected organic chlorides caused ~750,000 barrels of lost production and over $30 million of lost opportunity in the quarter, though the plant has been repaired, is running ~50,000 bpd, and additional sampling/controls were installed.
• The commercial team pushed through more than 20 price increases to offset rapid feedstock inflation, supporting ~ $54/ barrel specialty margins this quarter and record TruFuel volumes, with management expecting further benefit in Q2.

Calumet Stock Down 7.3%

Shares of CLMT opened at $32.08 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of -14.85 and a beta of 0.72. Calumet has a twelve month low of $11.80 and a twelve month high of $36.94. The company has a 50 day moving average of $31.43 and a 200-day moving average of $24.72.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLMT. HC Wainwright raised their price target on Calumet from $33.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. TD Cowen raised their price target on Calumet from $19.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. The Goldman Sachs Group lowered Calumet from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Friday, April 24th. Finally, UBS Group reaffirmed a “neutral” rating and set a $26.00 price target on shares of Calumet in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.50.

Insider Buying and Selling at Calumet

In other Calumet news, Director Daniel J. Sajkowski sold 3,310 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $34.46, for a total transaction of $114,062.60. Following the transaction, the director owned 81,958 shares of the company’s stock, valued at $2,824,272.68. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd increased its position in shares of Calumet by 294.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,229 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Calumet during the 4th quarter worth approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Calumet during the 3rd quarter worth approximately $59,000. Russell Investments Group Ltd. increased its position in shares of Calumet by 1,287.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,172 shares of the oil and gas company’s stock worth $113,000 after purchasing an additional 5,727 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Calumet during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

Calumet Company Profile

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is an independent provider of high-value, essential product solutions derived from both petroleum and renewable feedstocks. The company operates an integrated network of manufacturing plants, blending terminals and storage facilities across North America, delivering customized products and technical services to industrial, automotive, consumer and agricultural end markets. By leveraging its scale and technical expertise, Calumet tailors supply chain and formulation solutions to meet stringent regulatory and performance requirements.

Calumet’s product portfolio includes specialty lubricants and base oils for high-performance applications; process oils and waxes for food-grade, cosmetic and packaging uses; industrial solvents and cleaning solutions; and fuel additives designed to optimize engine performance and emissions.