John Compa
Director of Investor Relations
Replay available
Calumet, Inc (NASDAQ: CLMT) Q4 2025 earnings conference call, held 2026-02-27. Replay captured from the company's public earnings webcast.

Director of Investor Relations
CEO
EVP and Chief Financial Officer
EVP, Montana Renewables and Corporate Development
President, Specialties
Analyst, Goldman Sachs
Analyst, Bank of America
Analyst, HC Wainwright
Analyst, TD Cowen
Good day, everyone, and welcome to the Calumet Inc. Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please send to a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your telephone keypads. To withdraw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I'd like to turn the conference call over to John Compa, Investor Relations. Sir, please go ahead. Thanks, Jamie. Good morning, everyone. Thank you 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 Obermeyer, President, Specialties. You may now download the slides that accompany the remarks made on today's conference call. which can be accessed in the investor relations section of our website at calumet.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 findings with the SEC, for a list of factors that may affect our actual 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. Good morning and welcome to Calumet's fourth quarter 2025 earnings call. 2025 is a defining high-impact year here at Calumet. We began ...