secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001558370-25-007080
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet Q1 net loss $162M, Adj EBITDA $38.1M; accelerates SAF capacity at lower cost
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000155837025007080/0001558370-25-007080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000155837025007080/clmt-20250509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-007080

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