Calumet, Inc (CLMT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the Calumet Inc. Third Quarter 2025 Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I would now like to turn the conference over to John Compa, Investor Relations for Calumet. Please go ahead. Thanks, Chloe. Good morning, everyone. Thanks for joining our call today. With me on today's call are Todd Borgman, CEO, David Lunen, EVP and Chief Financial Officer, Bruce Fleming, EVP Montana Renewables and Corporate Development, and Scott Oldmeyer, EVP of Specialties. You may now download the slides that accompany the remarks made on today's conference call, which can be accessed in the IR section of our website at countymed.com. Also, a webcast replay of this call will be available on our site within a few hours. Turning to the presentation, on slide two, you can find our cautionary statements. I'd like to remind everyone that during this call, we may provide various forward-looking statements. Please refer to our press release that was issued this morning, as well as our latest filings with the Securities and Exchange Commission, for a list of factors that may affect our results and cause them to differ from our expectations. As we turn to slide three, I'll now pass the call to Todd. Thanks, John, and welcome to Calumet's third quarter 2025 earnings call. This past quarter was a strong one, both financially and strategically. TIDEMAT generated $92.5 million of adjusted EBITDA with tax attributes, and strategically, we're hitting the key milestones laid out earlier this year. At Montana Renewables, w...