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Calumet Provides Preliminary Fiscal Year 2025 Selected Financial Results
INDIANAPOLIS, Jan. 5, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") announced today preliminary selected
About this update from Calumet, Inc
[{"type":"text","content":"INDIANAPOLIS, Jan. 5, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the \"Company,\" \"Calumet,\" \"we,\" \"our\" or \"us\") announced today preliminary selected financial results for the year ended December 31, 2025.\nBased on preliminary data, the Company currently expects to report a net loss between $69.0 million and $12.0 million and Adjusted EBITDA with Tax Attributes between $285.0 million and $305.0 million for year ended December 31, 2025. In addition, based on preliminary data, the Company expects 2025 Adjusted EBITDA for its Restricted Subsidiary Group within the same range. For a reconciliation of the preliminary estimate of Adjusted EBITDA with Tax Attributes to preliminary estimated net loss, the most directly comparable GAAP measure, see \"Non-GAAP Financial Measures\" below. \"Based on preliminary data Calumet reduced restricted debt by more than $220 million in 2025,\" said Todd Borgmann, CEO. \"This was driven by over $70 million of structural annual cost improvements, approximately $20 million of cost efficiencies and flexibility gains in our crude supply chain, a disciplined and responsible approach to capital spending, and an accretive $110 million divestiture of the Royal Purple Industrial business. This cost transformation, coupled with our leading commercial excellence platform and reliability initiatives that drove 1.3 million barrels of increased annual production, position the company for durable free cash flow generation and continued deleveraging in 2026.\"\"At Montana Renewables, 2025 marked a pivotal year as we demonstrated our leadership position in the space and established a faster, more cost-effective MaxSAF™ 150 expansion path,\" Borgmann continued. \"Montana Renewables' balance sheet was transformed with the successful completion of the first U.S. Department of Energy loan approved under the Trump administration, which eliminated approximately $80 million of annual cash debt service. Further, we monetized over $90 million of producer tax credits during 2025. Looking ahead to 2026, with our MaxSAF expansion on track for the second quarter and anticipated favorable regulatory developments, including an increase in the D4 Renewable Volume Obligation, we are highly encouraged by Montana Renewables' long-term growth and margin outlook.\"As of December 31, 2025, based on preliminary data, we h...