secwatch.observer — SEC 8-K summary
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Issuer:     Calumet, Inc. /DE (CLMT)
CIK:        0002013745
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0002013745-25-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013745/000201374525000017/0002013745-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013745/000201374525000017/clmt-20250930x8k.htm
  HTML page:      https://secwatch.observer/filing/0002013745-25-000017

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