Calumet reports Q3 net loss of $100.6M; Adjusted EBITDA $49.8M; DOE loan $1.44B

Calumet, Inc. /DE

2024-Q3 EPS reported -$2.21 revenue$3,239,900,000

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.

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