secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001558370-25-001896
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet Q4 net loss $40.7M; sells Royal Purple industrial for $110M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000155837025001896/0001558370-25-001896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000155837025001896/clmt-20250228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001896

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer