{"filings":[{"id":834636,"accession_number":"0001193125-26-255570","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-06-03T20:31:29+00:00","items":["5.07"],"status":"ready","headline":"Calumet stockholders elect three Class II directors and approve executive compensation at 2026 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected Todd Borgmann, Daniel J. Sajkowski, and Bradford T. Sanders as Class II directors with over 50M votes each (broker non-votes ~19.9M).","Advisory vote on executive compensation approved: 50.2M for, 0.96M against, 0.28M abstain.","Ratified Grant Thornton LLP as independent auditor for FY 2026: 71.0M for, 0.19M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":97205,"accession_number":"0002013745-26-000013","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet Q1 2026 net loss $317M; Shreveport outage, Montana turnaround completed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $317M, basic loss $3.64/share vs $162M loss ($1.87/share) year ago.","Adjusted EBITDA $27.6M; Adjusted EBITDA with Tax Attributes $50.1M.","Shreveport unplanned outage from organic chloride contamination lost ~750k bbl; resumed early April.","Montana Renewables finished turnaround and MaxSAF 150 expansion; operations commenced early May.","Non-cash items: $147.4M RINs expense, $102.7M unrealized derivative loss, $37.9M equity-based comp."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":1029700000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111795,"accession_number":"0002013745-26-000011","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-03-25T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Calumet director Jennifer Straumins to retire at 2026 annual meeting; no replacement named","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jennifer Straumins notified board on March 23, 2026 of decision not to seek re-election and retire at end of term.","Straumins served on board since July 2024; previously on GP board and was employee for 13 years.","Departure is not due to any disagreement with company's operations, policies, or practices.","Board will evaluate composition with Nominating and Governance Committee; no replacement named yet.","Straumins currently serves on Strategy and Growth and Risk Committees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111794,"accession_number":"0001193125-26-111210","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-03-17T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Calumet issues $150M of additional 9.75% Senior Notes due 2031, to repay revolver","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $150M of 9.75% Senior Notes due 2031 at 105% of par; net proceeds ~$154.9M after discount and expenses.","Additional Notes form a single series with $405M existing notes from Jan 12, 2026; mature Feb 15, 2031.","Proceeds used to immediately repay outstanding borrowings under revolving credit facility.","CFO expects additional liquidity to reduce 2028 notes when call premium steps down in July."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111793,"accession_number":"0001193125-26-106401","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-03-13T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Calumet prices $150M add-on of 9.75% Senior Notes due 2031 to repay revolver","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$150M principal add-on to existing $405M 9.75% Senior Notes due 2031; issued at 105% of par.","Net proceeds of ~$154.9M after discount, expenses and accrued interest.","Proceeds to repay outstanding borrowings under revolving credit facility.","Tenth Amendment to credit agreement permits the issuance; closing expected March 17, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111792,"accession_number":"0001193125-26-103119","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-03-12T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Calumet subsidiaries offer $150M additional 9.75% Senior Notes due 2031 to repay revolver","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$150M aggregate principal amount of 9.75% Senior Notes due 2031 offered in private placement.","Additional Notes form single series with $405M existing notes issued Jan 12, 2026.","Net proceeds to repay borrowings under revolving credit facility.","Offering conditioned on Tenth Amendment to credit agreement; lender consent already obtained."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111791,"accession_number":"0002013745-26-000003","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet FY2025 net loss narrows to $33.8M; Adjusted EBITDA with Tax Attributes $293.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2025 net loss $33.8M vs $222.0M in 2024; basic loss per share $0.39 vs $2.67.","Full-year Adjusted EBITDA with Tax Attributes $293.3M, up 28% from $229.3M.","Specialty Products & Solutions segment posted record production; Adjusted EBITDA $88.5M in Q4 vs $51.9M a year ago.","Reduced recourse debt by $222M in 2025; completed $405M private placement of 9.75% senior notes due 2031 in Jan 2026.","Montana Renewables MaxSAF 150 expansion on track for Q2 2026; segment reported $(5.4)M Adj EBITDA with Tax Attributes in Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.39,"consensus_revenue_estimate":null,"consensus_revenue_actual":4137100000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111790,"accession_number":"0001193125-26-029523","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-01-29T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Calumet amends credit agreement, extends maturity to 2031, commits $500M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity extended to January 23, 2031 under Ninth Amendment to credit agreement.","Commitments of $500.0 million, subject to borrowing base limitations.","If inventory financing transaction consummated, commitments reduce to $425.0 million.","Liens on refinery collateral released following effectiveness of amendment.","Covenants revised to permit new inventory financing transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111789,"accession_number":"0001193125-26-010438","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-01-12T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Calumet closes upsized $405M 9.75% senior notes offering; proceeds to redeem near-term maturities","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $405M of 9.75% Senior Notes due 2031 at 98.996% of par; net proceeds ~$393M.","Offering upsized from $350M; proceeds to redeem all 11.00% 2026 and 8.125% 2027 near-term notes.","CEO Todd Borgmann cited $220M debt reduction in 2025 and $120M H2 cash generation for strong demand.","Notes mature Feb 15, 2031; interest semi-annual starting Aug 15, 2026; callable at 104.875% in 2028.","Equity clawback allows up to 35% redemption at 109.75% prior to Feb 2028; change of control put at 101%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111788,"accession_number":"0001193125-26-007783","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-01-08T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Calumet prices $405M upsized private placement of 9.75% senior notes due 2031; redeems 2026/2027 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$405M aggregate principal of 9.75% Senior Notes due 2031, upsized from $350M, priced at 98.996% of par.","Net proceeds of ~$393M (after discount/expenses) plus cash/credit facility to redeem all 11% 2026 and 8.125% 2027 notes.","Closing expected January 12, 2026; redemption expected on or before January 21, 2026.","Issued by Calumet Specialty Products Partners and Calumet Finance Corp.; BofA Securities acted as representative of initial purchasers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111787,"accession_number":"0001193125-26-003479","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-01-06T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Calumet plans $350M private placement of senior notes due 2031; to redeem 11% 2026 notes and $275M of 8.125% 2027 notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering $350M senior unsecured notes due 2031; proceeds plus cash/borrowings to redeem all 11% 2026 notes and $275M of 8.125% 2027 notes.","Conditional redemption notices sent: 2026 notes redeemed Jan 21, 2026; $275M of 2027 notes redeemed Jan 16, 2026, contingent on $325M+ offering.","Company reduced total indebtedness by $220M in 2025; expects $100M in company-wide cost reductions for 2025.","Replacement credit facility of up to $500M being negotiated with Bank of America.","Pro forma total recourse debt as of Dec 31, 2025: ~$1.453B; unrestricted cash $127M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":111786,"accession_number":"0001193125-26-003207","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2026-01-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet prelim FY2025 net loss $12M-$69M; Adj EBITDA $285M-$305M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Preliminary net loss range of $69M to $12M for year ended Dec 31, 2025.","Adjusted EBITDA with Tax Attributes expected between $285M and $305M.","Restricted Subsidiary Group Adjusted EBITDA also in $285M-$305M range.","Estimates are unaudited and based on preliminary data available as of Jan 5, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.39,"consensus_revenue_estimate":null,"consensus_revenue_actual":4137100000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128415,"accession_number":"0002013745-25-000017","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet reports Q3 net income of $313.4M; plans SAF expansion; restates cash flows","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $313.4M ($3.61 basic EPS) vs loss of $100.6M in Q3 2024; Adjusted EBITDA with Tax Attributes $92.5M.","SPS segment Adjusted EBITDA $80.2M, up from $50.7M YoY on record production and strong margins.","Company-wide cost reduction drove $61M in operating cost savings YTD through September 2025.","Montana Renewables on track for 120–150M gallons annualized SAF production by Q2 2026; ~100M gallons SAF contracted or in review.","Restates Q1 and Q2 2025 cash flow statements; ~$80M upward adjustment to operating cash flows, no impact on net income."],"consensus_eps_estimate":null,"consensus_eps_actual":0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":3098500000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128414,"accession_number":"0002013745-25-000015","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["2.02","4.02"],"status":"ready","headline":"Calumet restates Q1/Q2 2025 cash flows; misclassification of ~$81M; material weakness","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Non-reliance on unaudited interim financials for Q1 and Q2 2025 due to cash flow classification error.","Error misclassified debt extinguishment costs between operating and financing activities; no impact on net income or cash balance.","Q1 2025 operating cash flow revised from $110.6M used to $29.3M used; financing cash flow reduced by $81.3M.","Six-month June 30, 2025 operating cash flow revised from $108.0M used to $31.1M used; financing reduced by $76.9M.","Material weakness identified in internal control over financial reporting; disclosure controls deemed ineffective."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145214,"accession_number":"0001558370-25-010857","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet Q2 net loss widens to $147.9M; Adjusted EBITDA $55.1M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $147.9M ($1.70 per share) vs $39.1M loss a year ago; Adjusted EBITDA $55.1M vs $74.8M.","Montana Renewables segment reported $16.3M Adjusted EBITDA with Tax Attributes, up from $8.7M, on record volumes.","Company-wide operating cost savings reached $42M year-over-year in first half; called $230M of 2026 Senior Notes.","Specialties segment Adjusted EBITDA $66.8M, down from $72.7M, impacted by planned Shreveport turnaround.","Montana Renewables on track for 120-150M gallons SAF production by Q2 2026; operating costs fell to $0.43/gallon."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":2020500000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145213,"accession_number":"0001558370-25-009845","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-07-31T23:59:59+00:00","items":["1.01","1.02","2.01","2.03","9.01"],"status":"ready","headline":"Calumet closes $120M sale-leaseback with Stonebriar, will redeem $80M of 2026 Notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended Shreveport terminal sale-leaseback from $70M to $120M; net proceeds $80M after repaying prior $40M balance.","Monthly rent $1.8M, cost of capital 10.75%, 7-year term with option to repurchase after 6 years for ~$42M.","Calumet delivered notice to redeem $80M aggregate principal of its 11.00% Senior Notes due 2026 at par, redemption date Aug 12, 2025.","CEO Todd Borgmann cites Shreveport reliability improvements driving asset value increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163631,"accession_number":"0001193125-25-141161","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-06-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Calumet stockholders elect four Class I directors, approve all proposals at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected Jack G. 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Mawer, Karen Narwold, and Julio Quintana as Class I directors.","Advisory vote on executive compensation approved with 40.9M for vs 851K against.","Stockholders selected '1 year' frequency for future say-on-pay votes (41.2M votes).","Ratification of Grant Thornton LLP as independent auditor for 2025 passed with 67.6M votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163630,"accession_number":"0001558370-25-008067","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-05-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Calumet appoints John R. Krutz as Chief Accounting Officer, effective May 21, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John R. Krutz named Chief Accounting Officer and principal accounting officer; David A. Lunin remains EVP, CFO.","Mr. Krutz will receive an annual base salary of $335,000 and target bonus of 50% of base.","He is eligible for annual LTIP awards equal to 40% of base salary; receives 5,660 RSUs for FY2025.","Mr. Krutz previously served as CFO of Acculevel and in finance roles at CliftonLarsonAllen and Calumet."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163629,"accession_number":"0001558370-25-007888","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Calumet board chair Mawer terminates 10b5-1 trading plan early","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stephen Mawer terminated his 10b5-1 plan on May 13, 2025, 9 months early.","Plan allowed up to 40,205 shares sold; only 10,965 shares were sold before termination.","Plan was adopted Nov 15, 2024, commenced Mar 6, 2025, and was set to expire Dec 31, 2025.","Mawer is Chair of the Board and has controlling interest in Mawer Enterprises LLC and Mawer Investments Ltd."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163628,"accession_number":"0001558370-25-007080","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet Q1 net loss $162M, Adj EBITDA $38.1M; accelerates SAF capacity at lower cost","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $162.0M ($1.87 per share) vs $41.6M loss year ago; Adjusted EBITDA $38.1M vs $28.1M.","Adjusted EBITDA with Tax Attributes $55.0M, including $16.9M Production Tax Credit; MR segment turns positive to $3.3M.","Received $782M DOE loan funding; closed sale of Royal Purple for $110M; partial redemption of $150M of 2026 Notes.","Company-wide cost reduction saves $22M YoY; SPS segment Adj EBITDA $56.3M, Performance Brands $15.8M.","Accelerates SAF capacity: expects 120-150M gallons by Q2 2026 for $20-30M capex, fraction of prior cost."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.87,"consensus_revenue_estimate":null,"consensus_revenue_actual":993900000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":163627,"accession_number":"0001558370-25-004472","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-04-04T23:59:59+00:00","items":["1.02","5.02"],"status":"ready","headline":"Calumet terminates unused $65M ATM; CAO Donargo resigns, CFO Lunin takes over accounting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Terminated $65M ATM Equity Distribution Agreement with BMO; no termination penalties.","No shares of common stock were sold through the ATM program.","Vincent Donargo resigns as Chief Accounting Officer, effective April 15, 2025.","CFO David Lunin will assume the principal accounting officer role effective April 15."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181536,"accession_number":"0001558370-25-003177","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-03-18T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Two directors, James Carter and Daniel Sheets, to retire at 2025 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James S. Carter and Daniel L. Sheets will not stand for re-election and will retire from the Board at the 2025 Annual Meeting.","Retirements are not due to any disagreement with Company's operations, policies, or practices.","Their terms expire at the 2025 Annual Meeting of Stockholders; date not yet announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181535,"accession_number":"0001558370-25-001896","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-02-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet Q4 net loss $40.7M; sells Royal Purple industrial for $110M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $40.7M ($0.47 EPS) in Q4; FY net loss $222.0M vs $48.1M income prior year.","Adjusted EBITDA Q4 $56.6M (up from $39.7M); FY $194.8M (down from $260.5M).","Royal Purple industrial assets sold for $110M; proceeds to pay down debt; close expected H1 2025.","Montana Renewables drew ~$782M from $1.44B DOE loan; Calumet invested additional $150M equity.","Performance Brands segment vol up 15% YoY; SPS segment Adjusted EBITDA fell to $43.4M from $75.6M."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.67,"consensus_revenue_estimate":null,"consensus_revenue_actual":4189400000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181534,"accession_number":"0001193125-25-033537","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["1.02","2.01","1.01"],"status":"ready","headline":"Calumet subsidiary MRL draws $782M DOE loan; terminates Stonebriar leases and other debt","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["MRL received ~$782M first tranche of $1.44B DOE guaranteed loan on Feb 18, 2025.","Repurchased hydrocracker from Stonebriar for $222M and two other facilities for ~$170M.","Repaid $83.8M term loan ($9.4M make-whole), $26.7M revolver, $32.5M inventory financing.","All prior MRL Asset Financing, Term Loan, Revolving Credit, and Inventory Financing agreements terminated.","DOE facility provides long-term financing for MRL's renewable diesel operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181533,"accession_number":"0001193125-25-024823","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-02-12T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"DOE loan funding for Montana Renewables subsidiary resumes; $782M first tranche due next week","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["DOE Loan Program Office completed tactical review of Montana Renewables, LLC loan.","Funding process resumed; first tranche of ~$782 million expected next week.","Loan had previously been delayed for alignment with new administration's energy strategy.","Calumet subsidiary Montana Renewables, LLC is the borrower."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181532,"accession_number":"0001193125-25-007789","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-01-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Calumet issues $100M 9.75% senior notes due 2028; proceeds to redeem higher-cost 11% notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $100M aggregate of 9.75% Senior Notes due 2028 at 98% of par; net proceeds ~$96.2M.","Proceeds to redeem portion of outstanding 11.00% Senior Notes due 2026 on or before April 15, 2025.","Notes mature July 15, 2028; interest semi-annual beginning July 15, 2025.","Notes guaranteed by Calumet Inc., Calumet GP, and most Partnership subsidiaries.","Redemption prices: 104.875% in 2025, 102.438% in 2026, 100% thereafter; equity clawback at 109.75%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181531,"accession_number":"0001193125-25-007079","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-01-15T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Calumet prices $100M private placement of 9.75% notes to redeem higher-cost 11% notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$100M aggregate principal of 9.75% Senior Notes due 2028 priced at 98% of par; net proceeds ~$96.2M.","Proceeds will be used to redeem a portion of outstanding 11.00% Senior Notes due 2026 by April 15, 2025.","New notes are a mirror issue to existing $325M 9.75% Senior Notes due 2028, under a separate indenture.","Offering expected to close January 16, 2025, subject to customary conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181530,"accession_number":"0001193125-25-005866","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Calumet announces $100M 9.75% notes offering, ATM equity up to $65M; net loss $181M in 9M 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offers $100M in 9.75% senior notes due 2028; proceeds to redeem 11% 2026 notes by April 15, 2025.","Enters ATM equity distribution agreement for up to $65M common stock sales via BMO Capital Markets.","Nine-month 2024 net loss $181.3M vs net income $96.1M in 2023; operating loss $14.6M vs income $281.1M.","Long-term debt $1.66B; stockholders' equity -$672.2M as of Sep 30, 2024.","New notes are a mirror issue to existing $325M 9.75% notes due 2028 with identical terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181529,"accession_number":"0001193125-25-005745","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Calumet prelim Q4 net loss $54M-$24M; DOE secures up to $1.44B loan for SAF","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Expected Q4 net loss between $54M and $24M; Adjusted EBITDA between $45M and $60M.","DOE Loan Guarantee of up to $1.44B structured in two tranches: $782M in Jan 2025, $658M delayed draw.","MaxSAF project targets SAF capacity of ~150M gal/yr within 2 years and ~300M gal/yr within 3-4 years.","Second tranche funding tied to milestone conditions and subject to administration changes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181528,"accession_number":"0002013745-25-000006","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2025-01-10T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Calumet subsidiary closes $1.44B DOE loan guarantee for SAF expansion","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Initial tranche of $782M expected to fund this month; Calumet to invest additional $150M equity.","Expansion targets 300M gallons/year SAF capacity; combined SAF+RD capacity of 330M gallons/year.","Second tranche disbursed during construction (2025-2028); 15-year tenor at U.S. Treasury + 3/8%.","Servicing deferred until MaxSAF project commissioned; economic impact: 450 construction jobs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198310,"accession_number":"0001193125-24-265267","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-11-25T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Calumet exchanges $354.4M of 11% notes due 2025 for new 2026 notes; redeems remaining $9.1M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$354.4M principal (97.5% of outstanding Old Notes) exchanged for new 11% Senior Notes due April 15, 2026.","Remaining $9.1M Old Notes to be fully redeemed at par plus accrued interest on December 10, 2024.","New Notes callable at 101% prior to May 14, 2025; thereafter at 100%. Interest payable semi-annually.","New Notes guaranteed by Calumet, Inc. and most subsidiaries on a senior unsecured basis."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198309,"accession_number":"0002013745-24-000021","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet reports Q3 net loss of $100.6M; Adjusted EBITDA $49.8M; DOE loan $1.44B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $100.6M ($1.18 per share) vs net income $99.8M in Q3 2023.","Adjusted EBITDA $49.8M, down from $75.4M YoY; specialties segment at record production.","Montana Renewables set new SAF production record; conditional $1.44B DOE loan commitment.","MLP-to-C-Corp conversion completed in July 2024.","Planned November turnaround at Great Falls; corporate costs $19.1M vs $14.6M."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":3239900000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198308,"accession_number":"0001193125-24-251707","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-11-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Calumet exchanges ~97.5% of 2025 notes for new 11% notes due 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$354.4M of $363.5M outstanding 11% notes due 2025 tendered (97.5% participation).","Early exchangers receive $1,000 principal of new 11% notes due April 2026 per $1,000 old notes.","Base exchange consideration of $950 per $1,000; early premium adds $50 per $1,000.","Exchange offer expires Nov 21, 2024; settlement expected Nov 25, 2024.","New notes rank equal with existing senior debt; redeemable at 101% par until May 15, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198307,"accession_number":"0001193125-24-242925","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-10-24T23:59:59+00:00","items":["1.01","2.02","8.01","9.01"],"status":"ready","headline":"Calumet launches debt exchange for 2025 notes; preliminary Q3 net loss up to $110M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchange offer for $363.5M 11% senior notes due 2025 to new 11% notes due April 2026; 69% of holders support.","Preliminary Q3 2024 net loss expected $90-110M; Adjusted EBITDA $45-55M.","Exchange offer requires minimum 80% tender; early tender deadline Nov 5, 2024.","New notes redeemable at 101% before May 15, 2025, then at par thereafter.","Exchange aims to extend maturity and manage liquidity; Settlement date expected Nov 25, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198306,"accession_number":"0001193125-24-241131","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-10-22T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Calumet unit Montana Renewables gets $1.44B conditional DOE loan for SAF expansion","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["DOE Loan Programs Office conditional commitment for up to $1.44B to expand Montana Renewables SAF capacity.","Expansion adds 300 million gallons/year SAF; MRL to become one of the largest SAF producers globally.","First tranche ~$778M expected to close Q4 2024; remaining via delayed draw facility through 2028.","15-year loan at Treasury rate + 0.375%; principal and interest deferred until MaxSAF project commissioned.","$150M equity investment at closing; 55/45 debt-to-equity ratio maintained during construction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198305,"accession_number":"0002013745-24-000017","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-10-03T23:59:59+00:00","items":["1.01","2.01","2.03","7.01","9.01"],"status":"ready","headline":"Calumet closes $150M sale-leaseback; receives $110M initially, MRL lease amended","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Sale-leaseback of Calumet Montana Refining assets for $150M; initial $110M received; remaining $40M contingent on future financing.","Cost of capital ~10.75% per year; monthly lease payments ~$1.9M over 9 years; proceeds to repay revolver.","MRL lease agreements amended to allow early termination upon receipt of proceeds from an Eligible Capital Event, including DOE loan guarantee.","If MRL repurchases assets on Nov 1, 2024, cost would be approx. $403M.","No assurance that DOE loan guarantee will be awarded or funded."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214422,"accession_number":"0002013745-24-000007","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Calumet reports Q2 net loss of $39.1M, Adjusted EBITDA of $66.8M; completes MLP-to-C-Corp conversion","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $39.1M ($0.48 per unit) vs $22.3M loss in Q2 2023; Adjusted EBITDA of $66.8M vs $68.1M.","Completed MLP-to-C-Corp conversion in July; over 99% unitholder approval; shareholders now Calumet, Inc.","Montana Renewables achieved full production; produced ~7M gallons of SAF; record volumes in Specialties and Renewables.","Segment Adjusted EBITDA: SPS $65.8M (+7.9% YoY), PB $14.1M (+15.6%), MR $7.6M (-41.5%).","Total sales volume up 14% YoY to 90,242 bpd; corporate costs $20.7M."],"consensus_eps_estimate":-0.3349,"consensus_eps_actual":-0.98,"consensus_revenue_estimate":null,"consensus_revenue_actual":2139500000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214421,"accession_number":"0001193125-24-197944","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-08-09T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Calumet discloses pro forma net loss of $80.7M for H1 2024 after conversion","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Pro forma net loss of $80.7M ($0.94 EPS) for six months ended June 30, 2024.","Pro forma net income of $47.1M ($0.55 EPS) for year ended Dec 31, 2023.","Conversion from partnership to corporation completed July 10, 2024.","Pro forma adjustments include $3-5M conversion costs and $159M deferred tax asset with full valuation allowance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214420,"accession_number":"0001193125-24-179684","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K","filed_at":"2024-07-16T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Calumet enters Fifth Amendment to Credit Agreement and Omnibus Amendment after conversion","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fifth Amendment adds Calumet, Inc. and Calumet GP as borrowers and grantors of security interests.","Company designated successor Borrower Agent under the Credit Agreement; CDOR replaced with Term CORRA for CAD loans.","Omnibus Amendment adds Calumet, Inc. as party and guarantor under the Monetization Agreement with J. Aron & Company.","Both amendments effective July 10, 2024 in connection with the partnership-to-corporation conversion.","Full texts to be filed with Q3 2024 10-Q; no new principal amounts or rates disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214419,"accession_number":"0001193125-24-177313","cik":2013745,"company_name":"Calumet, Inc. /DE","ticker":"CLMT","form_type":"8-K12B","filed_at":"2024-07-10T23:59:59+00:00","items":["1.01","2.01","3.03","5.03","5.01","5.02","9.01"],"status":"ready","headline":"Calumet completes conversion from MLP to C-corp, begins trading as CLMT","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Conversion closed July 10, 2024; all Partnership common units exchanged for equal number of Calumet, Inc. shares.","Sponsor parties received 5.5M shares and 2.0M warrants exercisable at $20/share as partial consideration.","New nine-member board appointed; Stephen Mawer as Chair; committees established.","Registration rights agreement requires shelf filing within 30 days; piggyback rights granted.","Common stock to trade on Nasdaq under CLMT starting July 11, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3052895483.905282,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}