earnings
confidence high
sentiment negative
materiality 0.80
Calumet Q1 net loss $162M, Adj EBITDA $38.1M; accelerates SAF capacity at lower cost
Calumet, Inc. /DE
2025-Q1 EPS reported
-$1.87
revenue$993,900,000
- 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.