---
schema_version: "secwatch.filing_event.v1"
accession: "0002013745-26-000003"
form_type: "8-K"
ticker: "CLMT"
cik: "0002013745"
company_name: "Calumet, Inc. /DE"
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:13:54.847915+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Calumet FY2025 net loss narrows to $33.8M; Adjusted EBITDA with Tax Attributes $293.3M

## Summary
- FY2025 net loss $33.8M vs $222.0M in 2024; basic loss per share $0.39 vs $2.67.
- Full-year Adjusted EBITDA with Tax Attributes $293.3M, up 28% from $229.3M.
- Specialty Products & Solutions segment posted record production; Adjusted EBITDA $88.5M in Q4 vs $51.9M a year ago.
- Reduced recourse debt by $222M in 2025; completed $405M private placement of 9.75% senior notes due 2031 in Jan 2026.
- Montana Renewables MaxSAF 150 expansion on track for Q2 2026; segment reported $(5.4)M Adj EBITDA with Tax Attributes in Q4.

## SEC filing metadata
- accession: 0002013745-26-000003
- form_type: 8-K
- ticker: CLMT
- cik: 0002013745
- company_name: Calumet, Inc. /DE
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2013745/000201374526000003/0002013745-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2013745/000201374526000003/clmt-20260227x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002013745-26-000003
- JSON: https://secwatch.observer/filing/0002013745-26-000003.json
- Plain text: https://secwatch.observer/filing/0002013745-26-000003.txt

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