Highest-materiality recent filing
Calumet Q1 2026 net loss $317M; Shreveport outage, Montana turnaround completed
Net loss $317M, basic loss $3.64/share vs $162M loss ($1.87/share) year ago.
Calumet issues $150M of additional 9.75% Senior Notes due 2031, to repay revolver
Issued $150M of 9.75% Senior Notes due 2031 at 105% of par; net proceeds ~$154.9M after discount and expenses.
Calumet prices $150M add-on of 9.75% Senior Notes due 2031 to repay revolver
$150M principal add-on to existing $405M 9.75% Senior Notes due 2031; issued at 105% of par.
Calumet FY2025 net loss narrows to $33.8M; Adjusted EBITDA with Tax Attributes $293.3M
FY2025 net loss $33.8M vs $222.0M in 2024; basic loss per share $0.39 vs $2.67.
Calumet closes upsized $405M 9.75% senior notes offering; proceeds to redeem near-term maturities
Issued $405M of 9.75% Senior Notes due 2031 at 98.996% of par; net proceeds ~$393M.
$405M aggregate principal of 9.75% Senior Notes due 2031, upsized from $350M, priced at 98.996% of par.
Calumet prelim FY2025 net loss $12M-$69M; Adj EBITDA $285M-$305M
Preliminary net loss range of $69M to $12M for year ended Dec 31, 2025.
Offering $350M senior unsecured notes due 2031; proceeds plus cash/borrowings to redeem all 11% 2026 notes and $275M of 8.125% 2027 notes.
Calumet restates Q1/Q2 2025 cash flows; misclassification of ~$81M; material weakness
Non-reliance on unaudited interim financials for Q1 and Q2 2025 due to cash flow classification error.
Calumet reports Q3 net income of $313.4M; plans SAF expansion; restates cash flows
Net income $313.4M ($3.61 basic EPS) vs loss of $100.6M in Q3 2024; Adjusted EBITDA with Tax Attributes $92.5M.
Calumet Q2 net loss widens to $147.9M; Adjusted EBITDA $55.1M
Net loss of $147.9M ($1.70 per share) vs $39.1M loss a year ago; Adjusted EBITDA $55.1M vs $74.8M.
Calumet closes $120M sale-leaseback with Stonebriar, will redeem $80M of 2026 Notes
Extended Shreveport terminal sale-leaseback from $70M to $120M; net proceeds $80M after repaying prior $40M balance.
Beginning on the Effective Date, David A. Lunin will no longer serve as the Company’s principal accounting officer. Mr. Lunin will continue to serve as the Executive Vice President, Chief Financial Officer and principal financial officer of the Company.
the Board of Directors of the Company (the “Board”) has appointed John R. Krutz to serve as the Company’s Chief Accounting Officer and principal accounting officer, effective May 21, 2025
Max materiality 0.85 · Median 0.65 · Most common event debt