Calumet, INC /DE

Market Movers (8-K)

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NASDAQ
Calumet, Inc. reported a second quarter 2026 net loss of $95.9 million, impacted by non-cash RINs and mark-to-market items, though Adjusted EBITDA with Tax Attributes reached $175.2 million.
Worse than expected
NASDAQ
Calumet, Inc. announced the results of its 2026 Annual Meeting of Stockholders, including the election of directors and the ratification of its independent auditor.
NASDAQ
Calumet, Inc. reported a first quarter 2026 net loss of $317.0 million, impacted by non-cash items and operational downtime, though the company anticipates improved margins.
Worse than expected
NASDAQ
Jennifer Straumins will not seek re-election to Calumet's Board of Directors, retiring at the end of her current term.
NASDAQ
Calumet, Inc. announced the closing of a $150 million private placement of 9.75% Senior Notes due 2031, with proceeds earmarked for revolving credit facility repayment.
Capital raise
NASDAQ
Calumet, Inc. announced the pricing of $150 million in 9.75% Senior Notes due 2031 in a private placement, with proceeds intended to repay its revolving credit facility.
Capital raise

Quarterly Earnings (10-Q)

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NASDAQ
Calumet, Inc. reported a net loss of $95.9 million for Q2 2026, impacted by derivative losses and RINs expenses, though sales increased significantly due to higher prices and volumes.
Worse than expected
NASDAQ
Calumet, Inc. reported a net loss of $317.0 million for Q1 2026, impacted by non-cash charges and production issues, while securing a limited waiver from the DOE.
Worse than expected
Delay expected
NASDAQ
Calumet, Inc. reported a significant turnaround in net income for Q3 2025, driven by improved commodity margins and strategic advancements in its Montana Renewables segment, despite a material weakness in internal controls.
Delay expected
Better than expected
Capital raise
NASDAQ
Calumet, Inc. filed an amended quarterly report for Q2 2025, restating financial statements due to cash flow misclassifications stemming from a material weakness in internal controls.
Capital raise
Worse than expected
NASDAQ
Calumet, Inc. has amended its Q1 2025 financial report to correct cash flow misclassifications and disclosed a material weakness in internal controls, while reporting an increased net loss despite operational improvements.
Delay expected
Worse than expected
Capital raise
NASDAQ
Calumet, Inc. reported a widened net loss and negative gross profit in Q2 2025, primarily impacted by increased RINs obligations and mark-to-market losses, despite operational improvements and strategic debt management.
Capital raise
Worse than expected

Annual Reports (10-K)

NASDAQ
Calumet, Inc. reported a significant reduction in net loss and increased Adjusted EBITDA in 2025, fueled by strong operational performance in its Specialty Products and Solutions and Montana/Renewables segments.
Capital raise
Better than expected
NASDAQ
Calumet, Inc.'s 2024 10-K filing reveals a year of strategic shifts, including a corporate conversion and significant investments in renewable fuels, alongside challenges in commodity markets.
Capital raise
Worse than expected

Insider Trading (Form 4)

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NASDAQ
John G. Boss, a Director of Calumet, Inc. /DE, reported multiple transactions in common stock on July 9, 2026.
NASDAQ
Stephen P Mawer, a Director of Calumet, Inc. /DE, reported multiple transactions in common stock on July 9, 2026.
NASDAQ
Paul C Raymond, a Director of Calumet, Inc. /DE, reported multiple transactions in common stock on July 9, 2026.
NASDAQ
Daniel J Sajkowski, a Director of Calumet, Inc. /DE, reported multiple transactions in common stock on July 9, 2026.
NASDAQ
Amy M Schumacher, a Director of Calumet, Inc. /DE, reported multiple transactions in common stock on July 9, 2026.
NASDAQ
Julio M Quintana, a Director of Calumet, Inc. /DE, reported multiple transactions in common stock on July 9, 2026.

Proxy Statements (Def-14A)

NASDAQ
Calumet, Inc. outlines 2025 financial performance, executive compensation redesign, and strategic growth initiatives ahead of its 2026 Annual Meeting.
Capital raise
NASDAQ
Calumet, Inc. has filed a definitive proxy statement with the Securities and Exchange Commission (SEC) pertaining to Section 14(a) of the Securities Exchange Act of 1934.
NASDAQ
Calumet, Inc. will hold its inaugural Annual Meeting of Stockholders on June 10, 2025, and the proxy statement details key proposals, director nominees, and executive compensation.
Worse than expected

Schedule 13D - Activist Investments

NASDAQ
A group of investors led by Wasserstein Debt Opportunities Management, L.P. and Rajay Bagaria has disclosed a significant 7.0% beneficial ownership stake in Calumet, Inc., citing undervaluation and intentions to engage with management on corporate governance and board composition.

Schedule 13G - Passive Investments

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NASDAQ
Investment firm Two Seas Capital LP, along with its GP and chief investment officer Sina Toussi, has reported beneficial ownership of 7.5% of Calumet, Inc.'s common stock as of June 30, 2026.
NASDAQ
Wasserstein entities and individuals update beneficial ownership of Calumet Inc. common stock, reporting a combined 4.6% stake.
NASDAQ
Adams Asset Advisors, LLC filed an amendment to its Schedule 13G, reporting a reduction in its beneficial ownership of Calumet, Inc. common stock to 4.68%.
NASDAQ
The Vanguard Group has filed an amended Schedule 13G, reporting a 0% beneficial ownership in Calumet Inc following an internal realignment.
NASDAQ
Two Seas Capital LP, along with its affiliates, has reported a 7.8% beneficial ownership stake in Calumet, Inc., totaling 6,752,538 shares as of September 30, 2025.
NASDAQ
Two Seas Capital LP, along with its general partner and chief investment officer, has disclosed a 5.2% beneficial ownership stake in Calumet, Inc. as of June 30, 2025.