PR Newswire·Nov 6, 2026, 7:00 AM ET

Calumet Reports Third Quarter 2026 Results

Calumet, Inc. reported third quarter 2026 net income of $273.3 million, or $2.91 per basic share.
Third quarter 2026 Adjusted EBITDA with Tax Attributes totaled $347.2 million.
The company continued accelerated deleveraging by retiring approximately $265 million of debt since July 2026.
Specialty Products & Solutions segment generated $248.1 million in Adjusted EBITDA, driven by strong market conditions & supply chain disruptions.
Montana Renewables achieved record earnings in its first full quarter of operations since SET2 RVO, reporting $80.4 million in Adjusted EBITDA with Tax Attributes ($1.86 per gallon).
Performance Brands segment reported $9.1 million in Adjusted EBITDA for the quarter, partially offset by compressed margins despite solid volumes.
Net income was impacted by non-cash items including an $113.8 million unrealized loss on derivatives & $176.7 million in non-cash RINs items.
The company redeemed $100 million of 2028 Senior Notes in July 2026 & $150 million of the same notes in October 2026.
Total facility production reached 88,283 barrels per day for the three months ended September 30, 2026.
Corporate expenses represented $(20.6) million of Adjusted EBITDA for the third quarter 2026.