NASDAQ$CLMT

Calumet Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

CLMT reported Q3 2025, revenue of $1.08B, net income of $313.4M.

For Q3 2025, CLMT reported revenue of $1.08B, net income of $313.4M. Management discusses operating trends, liquidity, and strategic priorities as disclosed in the quarterly filing.

  • Revenue $1.08B.
  • Net income $313.4M.
  • CLMT updated clinical, capital, or portfolio priorities in the filing.

Headline financials

Total Revenue

$1.08B

Previous: $1.1B-2.0%
EPS

$3.61

Previous: -$1.18+405.9%
Adjusted EBITDA

$69.6M

No prior period
Adjusted EBITDA with Tax Attributes

$92.5M

No prior period
Total Sales Volume (bpd)

91.6K

No prior period
Capital Expenditures

-$39.6M

Previous: -$51.7M+23.4%
Free Cash Flow

$274M

Previous: -$152M+279.8%
Net Income

$313M

Previous: -$101M+411.5%
Operating Income

$323M

Previous: -$57.1M+665.5%
Gross Profit

$374M

Previous: $4.9M+7526.5%
Cash & Equivalents

$94.6M

Previous: $34.6M+173.4%
Total Assets

$2.73B

Previous: $2.64B+3.6%

Revenue & EPS history

Calumet Specialty Products · Revenue · Quarterly

$1.08B

Q3 2025-2%vs Q3 2024
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

Management discusses CLMT's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • CLMT cited progress on strategic priorities in the quarterly filing.
  • Liquidity and balance sheet support continued operations and investment.

Headwinds

  • Macro, competitive, and regulatory factors may affect near-term results.
  • R&D, credit, or project timing can create quarter-to-quarter volatility.

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 Q3 2025

Historical avgQ3 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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