---
schema_version: "secwatch.filing_event.v1"
accession: "0002013745-25-000017"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:10:06.791450+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Calumet reports Q3 net income of $313.4M; plans SAF expansion; restates cash flows

## Summary
- Net income $313.4M ($3.61 basic EPS) vs loss of $100.6M in Q3 2024; Adjusted EBITDA with Tax Attributes $92.5M.
- SPS segment Adjusted EBITDA $80.2M, up from $50.7M YoY on record production and strong margins.
- Company-wide cost reduction drove $61M in operating cost savings YTD through September 2025.
- Montana Renewables on track for 120–150M gallons annualized SAF production by Q2 2026; ~100M gallons SAF contracted or in review.
- Restates Q1 and Q2 2025 cash flow statements; ~$80M upward adjustment to operating cash flows, no impact on net income.

## SEC filing metadata
- accession: 0002013745-25-000017
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000201374525000017/0002013745-25-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000201374525000017/clmt-20250930x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002013745-25-000017
- JSON: https://secwatch.observer/filing/0002013745-25-000017.json
- Plain text: https://secwatch.observer/filing/0002013745-25-000017.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.