Business
Calumet Reports Fourth Quarter and Fiscal Year 2025 Results
Fiscal Year 2025 net loss of $33.8 million, or basic loss per common share of $0.39Fiscal Year 2025 Adjusted EBITDA with Tax Attributes of $293.3 million$222
About this update from Calumet, Inc
[{"type":"text","content":"Fiscal Year 2025 net loss of $33.8 million, or basic loss per common share of $0.39Fiscal Year 2025 Adjusted EBITDA with Tax Attributes of $293.3 million$222 million of recourse debt reduction in 2025Strong free cash flow driven by approximately $100 million of cost reduction initiatives in 2025Record production year in Specialty Products & Solutions segment and Montana RenewablesMontana Renewables MaxSAF®150 expansion on track for second quarter of 2026INDIANAPOLIS, Feb. 27, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the \"Company,\" \"Calumet,\" \"we,\" \"our\" or \"us\") today reported its results for the fourth quarter and year ended December 31, 2025, as follows:\nThree Months Ended December 31, Year Ended December 31, 2025202420252024(Dollars in millions, except per share data)Net loss$(37.3)$(40.7)$(33.8)$(222.0)Basic earnings (loss) per common share$(0.43)$(0.47)$(0.39)$(2.67)Adjusted EBITDA$48.4$66.6$211.2$229.3Adjusted EBITDA with Tax Attributes$69.3$66.6$293.3$229.3 Specialty Products and SolutionsPerformance BrandsMontana/RenewablesThree Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 202520242025202420252024(Dollars in millions, except per barrel data)Gross profit (loss)$38.3$62.3$15.4$25.2$(56.7)$(3.9)Adjusted gross profit (loss)$97.8$59.1$14.4$25.7$(18.3)$20.6Adjusted EBITDA$88.5$51.9$5.4$16.3$(26.3)$12.4Adjusted EBITDA with Tax Attributes$88.5$51.9$5.4$16.3$(5.4)$12.4Gross profit (loss) per barrel$6.03$11.00$119.38$170.27$(24.32)$(1.87)Adjusted gross profit (loss) per barrel$15.39$10.43$111.63$173.65$(7.85)$9.87 Specialty Products and SolutionsPerformance BrandsMontana/RenewablesYear Ended December 31, Year Ended December 31, Year Ended December 31, 202520242025202420252024(Dollars in millions, except per barrel data)Gross profit (loss)$265.7$189.0$78.2$95.3$(98.2)$(53.5)Adjusted gross profit (loss)$327.8$243.4$81.8$98.6$(33.8)$57.5Adjusted EBITDA$291.8$222.5$47.9$57.4$(50.8)$22.3Adjusted EBITDA with Tax Attributes$291.8$222.5$47.9$57.4$31.3$22.3Gross profit (loss) per barrel$11.46$8.26$132.32$152.24$(10.63)$(6.14)Adjusted gross profit (loss) per barrel$14.13$10.64$138.41$157.51$(3.66)$6.60 \"2025 was a defining year for Calumet,\" said Todd Borgmann, CEO. \"Throughout the year, we materially reduced financial risk, strengthened our balance sheet, and positioned t...