Calumet (CLMT) Expected to Announce Earnings on Friday

Calumet (NASDAQ:CLMT) is expected to issue its Q1 2026 results before the market opens on Friday, May 8th. Analysts expect Calumet to post earnings of ($0.57) per share and revenue of $1.0011 billion for the quarter. Parties may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Friday, May 8, 2026 at 9:00 AM ET.

Calumet (NASDAQ:CLMT) last released its earnings results on Friday, February 27th. The oil and gas company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.24. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted ($0.47) EPS. Calumet’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect Calumet to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Calumet Trading Up 5.5%

CLMT stock opened at $36.02 on Wednesday. The stock has a market cap of $3.13 billion, a PE ratio of -92.36 and a beta of 0.72. Calumet has a 12 month low of $11.00 and a 12 month high of $36.94. The company has a 50-day moving average price of $31.21 and a 200 day moving average price of $24.49.

Insiders Place Their Bets

In other Calumet news, Director Daniel J. Sajkowski sold 3,310 shares of Calumet stock in a transaction 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 completion of the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Calumet

Several institutional investors have recently made changes to their positions in CLMT. Aster Capital Management DIFC Ltd lifted its stake in Calumet by 294.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 1,229 shares during the period. Global Retirement Partners LLC purchased a new position in Calumet during the 4th quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in shares of Calumet in the 3rd quarter valued at about $59,000. Russell Investments Group Ltd. raised its holdings in shares of Calumet by 1,287.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,172 shares of the oil and gas company’s stock valued at $113,000 after purchasing an additional 5,727 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Calumet by 119.9% in the 4th quarter. Millennium Management LLC now owns 13,902 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 83,844 shares during the period. Hedge funds and other institutional investors own 34.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of Calumet from $33.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. UBS Group reaffirmed a “neutral” rating and set a $26.00 target price on shares of Calumet in a research note on Friday, February 13th. TD Cowen increased their price target on Calumet from $19.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. Finally, The Goldman Sachs Group lowered Calumet from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.50.

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.