NASDAQ$CLMT

Calumet Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Calumet reported Q4 2025, net loss of $33.8M, diluted EPS of $-0.39.

For Q4 2025, Calumet reported a net loss of $33.8M, diluted EPS was $-0.39. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Net loss $33.8M.
  • Diluted EPS $-0.39.
  • Calumet MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$1.04B

No prior period
EPS (adj)

-$0.39

No prior period
Adjusted EBITDA

$48.4M

No prior period
Adjusted EBITDA with Tax Attributes

$69.3M

No prior period
Total Sales Volume (bpd)

95.8K

No prior period
Net Income

-$33.8M

No prior period
Operating Income

-$64.5M

No prior period
Gross Profit

-$3M

No prior period

Revenue & EPS history

Calumet Specialty Products · Revenue · Quarterly

$1.04B

Q4 2025
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

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 Q4 2025

Historical avgQ4 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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