Calumet Q2 net loss $95.9M but Adjusted EBITDA $159.3M; retires $115M debt

Calumet, Inc. /DE

Q2 2026 net loss $95.9M ($1.09/share) vs $147.9M loss year ago; non-cash RINs expense $163.6M and $9M unrealized derivative gain.
Adjusted EBITDA $159.3M vs $55.1M prior year; Adjusted EBITDA with Tax Attributes $175.2M vs $76.5M.
SPS segment Adjusted EBITDA $161.7M vs $66.8M; PB $6.3M vs $13.5M; Montana/Renewables with tax attributes $26.6M vs $16.3M.
Retired $115M debt in July: redeemed $100M 9.75% Senior Notes due 2028 at 102.438% plus interest; repaid $15.5M Montana terminal financing.
Montana Renewables completed first phase of MaxSAF 150 expansion; record TruFuel quarterly sales in Performance Brands.

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