secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0002013745-24-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calumet reports Q2 net loss of $39.1M, Adjusted EBITDA of $66.8M; completes MLP-to-C-Corp conversion
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000201374524000007/0002013745-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000201374524000007/clmt-20240809x8k.htm
  HTML page:      https://secwatch.observer/filing/0002013745-24-000007

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