PR Newswire·Aug 7, 2026, 7:00 AM ET

Calumet Reports Second Quarter 2026 Results

CLMT

Calumet, Inc. reported a second quarter 2026 net loss of $95.9 million, or $(1.09) per basic share, driven by a $163.6 million non-cash RINs expense & a $9.0 million unrealized gain on derivatives.
Second quarter 2026 Adjusted EBITDA was $159.3 million, while Adjusted EBITDA with Tax Attributes reached $175.2 million.
Specialty Products & Solutions segment Adjusted EBITDA rose to $161.7 million from $66.8 million in the prior year period, fueled by a global shortage in specialty products & strong execution.
Performance Brands segment Adjusted EBITDA was $6.3 million, down from $13.5 million, as record TruFuel® sales volumes were offset by compressed margins & a $7.3 million LIFO impact.
Montana Renewables completed the first phase of its MaxSAF® 150 expansion & reported $26.6 million in Adjusted EBITDA with Tax Attributes for the quarter.
The company advanced its deleveraging strategy with $115 million in debt retirement in July, including the redemption of $100 million in 9.75% Senior Notes & the repayment of a Montana terminal asset financing arrangement.
Total facility production volume for the quarter ended June 30, 2026, was 83,191 barrels per day, compared to 79,912 in the same period last year.
Cash and cash equivalents stood at $109.8 million as of June 30, 2026, down from $125.1 million at the end of 2025.
Net cash provided by operating activities for the six months ended June 30, 2026, was $6.1 million, while capital expenditures totaled $51.5 million.
Calumet plans to discuss these results via a conference call webcast on August 7, 2026, at 9:00 a.m. ET.