NASDAQ$CLMT

Calumet Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Calumet reported Q2 2025, revenue of $850M, net income of $45M, diluted EPS of $0.35.

For Q2 2025, Calumet reported revenue of $850M, net income of $45M, diluted EPS was $0.35. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $850M.
  • Net income $45M.
  • Diluted EPS $0.35.
  • Calumet MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$1.03B

No prior period
EPS (adj)

$0.35

No prior period
Capital Expenditures

-$31.2M

No prior period
Free Cash Flow

-$179M

No prior period
Net Income

-$148M

No prior period
Operating Income

-$101M

No prior period
Gross Profit

-$43.6M

No prior period
Cash & Equivalents

$111M

No prior period
Total Assets

$2.78B

No prior period

Revenue & EPS history

Calumet Specialty Products · Revenue · Quarterly

$1.03B

Q2 2025
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Commodity-linked issuers emphasize metal prices, production volumes, and royalty/stream growth.

Tailwinds

  • Precious-metal price tailwinds on royalty revenue.
  • New mine contributions and GEO growth.
  • Balance sheet optionality for acquisitions.

Headwinds

  • Gold/copper price reversals.
  • Operator execution and jurisdictional risk.
  • Cost inflation at underlying mines.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-4.3%

Avg return

Earnings day

-2.3%

Avg return

5 days after

+6.6%

Avg return

30 days after

17%

1 / 6 earnings

Positive

+6.5%

Q1 2025

Best reaction

-10.8%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.4%-9.3%+1.5%
Q4 2025-10.8%-3.0%+6.1%
Q3 2025-1.6%-3.0%-0.9%
Q2 2025-3.6%-4.2%+19.7%
Q1 2025+6.5%+11.4%+14.9%
Q3 2024-8.6%-6.0%-1.9%

Discussion

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