CLMT · Calumet, Inc. /DE
$45.77
-2.02 (-4.23%)
At close · Aug 27
Market Cap
$4.06B
Shares
87.90M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$45.77
Open$47.61
Day$45.73–48.03
52W close$16.18–50.81
Avg vol 30d1.2M
Short int3.6M · 4.0% float · 2.4d
Short vol38%
Last earningsAug 7, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Nov 6, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 7, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
High
Market backdrop
VIX 14.5 · calm
Equity put/call 0.39
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+49%
above
Price vs 50-day avg
+10%
above
RSI (14)
52
neutral
MACD trend
Negative
52-week position
85%
near high
Momentum
relative strength
1-month return
+5%
trailing
6-month return
+51%
trailing
YTD return
+130%
this year
Relative strength
+36%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $42 › 200d $31 — 50d above 200d
Institutional flow
Accumulating
+4% holders QoQ · +40 funds added
Insider flow
Distributing
Net -$153.3K over 90 days · 100% sells
Short interest
Rising
4.05% of float · ▲ +6.7% MoM · 2.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
194 holders — near 2-yr high, broad support
Squeeze score
63
elevated · 0–100
Fundamentals
Revenue growth
−1%
Y/Y
Gross margin
6%
expanding
EPS growth
+85%
Y/Y
Free cash flow
$56.6M
Balance sheet
$2.0B
net debt
Quant / Vol
risk profile
Volatility
43%
annualized · 1-yr
Max drawdown
−15%
past year
ATR
4.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jun 30, 2025
Capital cost
· first half of 2026
$20M – $30M
Prior guidance
period ended
· from the 8-K filed Jan 6, 2026
Adjusted EBITDA with Tax Attributes
· year ended December 31, 2025
$285M – $305M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+49%
Bullish
Price vs 50-day avg
+10%
Bullish
RSI (14)
52
Neutral
MACD trend
Negative
Bearish
52-week position
85%
Bullish
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $42 › 200d $31 — 50d above 200d
Institutional flow
Accumulating
+4% holders QoQ · +40 funds added
Insider flow
Distributing
Net -$153.3K over 90 days · 100% sells
Short interest
Rising
4.05% of float · ▲ +6.7% MoM · 2.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
194 holders — near 2-yr high, broad support
Price context
position in its 52-week range
Range low $16
Now $46 · 85%
Range high $51
vs 200-day avg +49%
vs 50-day avg +10%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $186.9M | Six Months Ended June 30, 2026 | — |
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| Adjusted EBITDA with Tax Attributes non-GAAP | $225.3M | Six Months Ended June 30, 2026 | — |
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| Montana/Renewables Adjusted EBITDA non-GAAP | $10.7M | Three Months Ended June 30, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Montana/Renewables Segment Net income (loss) -32.5M
+26.2M Depreciation and amortization
-2.8M LCM / LIFO (gain) loss
+14.5M Interest expense
+0M Debt extinguishment costs
+7.8M RINs incurrence expense
+18.8M RINs mark-to-market (gain) loss
+0M Equity-based compensation and other items
+0M Other
-21.5M Income tax (benefit) expense
+0.2M Noncontrolling interest adjustments
= Montana/Renewables Segment Adjusted EBITDA 10.7M
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| Montana/Renewables Adjusted EBITDA with Tax Attributes non-GAAP | $36.7M | Six Months Ended June 30, 2026 | — |
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| Montana/Renewables segment Adjusted gross profit (loss) non-GAAP | $13M | Six Months Ended June 30, 2026 | — |
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| Montana/Renewables segment Adjusted gross profit (loss) per barrel non-GAAP | $3.65 | Six Months Ended June 30, 2026 | — |
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| Performance Brands Adjusted EBITDA non-GAAP | $6.3M | Three Months Ended June 30, 2026 | — |
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| Performance Brands segment Adjusted gross profit non-GAAP | $38.1M | Six Months Ended June 30, 2026 | — |
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| Performance Brands segment Adjusted gross profit per barrel non-GAAP | $104.51 | Six Months Ended June 30, 2026 | — |
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| Specialty Products and Solutions Adjusted EBITDA non-GAAP | $206M | Six Months Ended June 30, 2026 | — |
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| Specialty Products and Solutions Adjusted EBITDA margin non-GAAP | 12% | Six Months Ended June 30, 2026 | — |
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| Specialty Products and Solutions Lubricating oils production | 13,318 | Three Months Ended June 30, 2026 | — |
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| Specialty Products and Solutions segment Adjusted gross profit non-GAAP | $254.9M | Six Months Ended June 30, 2026 | — |
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| Specialty Products and Solutions segment Adjusted gross profit per barrel non-GAAP | $21.36 | Six Months Ended June 30, 2026 | — |
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| Total corporate costs Adjusted EBITDA non-GAAP | -$19.4M | Three Months Ended June 30, 2026 | — |
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| Total facility production | 83,191 | Three Months Ended June 30, 2026 | — |
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| Total sales volume | 87,722 | Three Months Ended June 30, 2026 | — |
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| Tax attributes non-GAAP | $22.5M | Three Months Ended March 31, 2026 | — |
| cost efficiencies and flexibility gains in crude supply chain | $20M | fiscal year 2025 | — |
| eliminated annual cash debt service from DOE loan | $80M | fiscal year 2025 | — |
| increased annual production | 1.3M | fiscal year 2025 | — |
| liquidity in the Restricted Subsidiaries Group | $250M | as of December 31, 2025 | — |
| producer tax credits monetized | $90M | fiscal year 2025 | — |
| restricted debt reduction | $220M | fiscal year 2025 | — |
| Royal Purple Industrial divestiture proceeds | $110M | fiscal year 2025 | — |
| structural annual cost improvements | $70M | fiscal year 2025 | — |
| total liquidity | $447M | as of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CLMT
this stock
Calumet, Inc. /DE
|
$4.06B | +130.3% | -1.2% | — | 4.0% |
|
LIN
Linde PLC
|
$227.15B | +13.8% | +3.0% | 31.8 | 1.1% |
|
AIQUF
L Air Liquide SA /Fi
|
$124.58B | +4.4% | — | — | 0.0% |
|
SHW
Sherwin Williams Co
|
$84.64B | +6.5% | +2.1% | 32.2 | 2.6% |
|
ECL
Ecolab Inc.
|
$80.15B | +8.9% | +2.2% | 38.4 | 1.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CLMT | -5.2% | +4.6% | +50.6% | +3.6% | +130.4% |
| SPY | +1.1% | +4.0% | +14.7% | +3.2% | +13.1% |
| vs SPY | -6.3% | +0.7% | +35.9% | +0.4% | +117.3% |
Key facts
CIK
2013745
CUSIP
131428104
13F (30d)
174 filings
172 filers
Visit website
Investor relations