Calumet, Inc (CLMT) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.715 Good day, everyone, and welcome to the Calumet Inc. 00:00:02.715 -- 00:00:06.480 Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. 00:00:06.480 -- 00:00:08.903 All participants will be in a listen-only mode. 00:00:08.903 -- 00:00:12.167 Should you need assistance, please send to a conference specialist by pressing the star 00:00:12.167 -- 00:00:14.791 key followed by zero. 00:00:14.791 -- 00:00:18.396 After today's presentation, there will be an opportunity to ask questions. 00:00:18.396 -- 00:00:22.321 To ask a question, you may press star and then one on your telephone keypads. 00:00:22.321 -- 00:00:25.685 To withdraw your questions, you may press star and two. 00:00:25.685 -- 00:00:28.702 Please also note today's event is being recorded. 00:00:28.702 -- 00:00:34.090 At this time, I'd like to turn the conference call over to John Compa, Investor Relations. 00:00:34.090 -- 00:00:36.373 Sir, please go ahead. 00:00:36.373 -- 00:00:39.818 Thanks, Jamie. Good morning, everyone. Thank you for joining our call today. 00:00:39.818 -- 00:00:45.285 With me on today's call are Todd Borgman, CEO, David Lunen, EVP and Chief Financial Officer, 00:00:45.285 -- 00:00:49.772 Bruce Fleming, EVP, Montana Renewables and Corporate Development, and Scott Obermeyer, 00:00:49.772 -- 00:00:53.837 President, Specialties. You may now download the slides that accompany the remarks made 00:00:53.837 -- 00:00:57.890 on today's conference call. which can be accessed in the investor relations section of 00:00:57.890 -- 00:01:00.273 our website at calumet.com. 00:01:00.273 -- 00:01:04.739 Also, a webcast replay of this call will be available on our site within a few hours. 00:01:04.739 -- 00:01:09.045 Turning to the presentation, on slide two, you ca...