Calumet Reports $273.3 Million Q3 Net Income and $347.2 Million Adjusted EBITDA

Calumet reported Q3 2026 net income of $273.3M, down from $313.4M a year earlier. Revenue rose to $1.68B, with adjusted EBITDA at $322.0M ($347.2M with tax attributes). The company reduced debt by $265M since July. Sales growth was driven by specialty products and renewables, while margins varied across segments.

Original reporting
Published Nov 6, 2026, 1:03 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 6, 2026, 1:11 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Calumet Reports $273.3 Million Q3 Net Income and $347.2 Million Adjusted EBITDA — source image
Decision brief

The 30-second read

$CLMTBullishHigh
01

Why it matters

The earnings release provides fresh data for traders to assess valuation and credit metrics, especially given the debt reduction.

02

Market read

The earnings numbers are material for CLMT shareholders and may influence sector sentiment in specialty chemicals and renewables.

03

What to watch

Montana/Renewables' first full quarter and strong renewables margins may drive future growth.

Relevance 8/10Novelty 9/10Timing: pre-market today

Background

Calumet Inc. (CLMT) reported its third-quarter 2026 financial results, showing revenue growth and operational highlights across its business segments.

Company-level read

Ticker impact

$CLMTBullishHigh confidence
Context

Calumet disclosed Q3 2026 net income of $273.3M and adjusted EBITDA of $347.2M, plus a $265M debt retirement.

Expected impact

potential modest downside as investors weigh lower net income against higher EBITDA

Evidence & confidence

The drop in net income may pressure the stock, but the strong EBITDA and debt reduction could offset the impact.

Market effects

Highlights strength in specialty products and renewables within the energy sector.

U.S. energy and materials markets may see slight adjustments.

Limited to investors tracking U.S. mid-cap energy companies.

Counterpoint

The EBITDA surge and debt retirement could signal a turnaround, suggesting upside potential.

Key entities

  • Calumet Inc.

    U.S.-listed energy and specialty products company.

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$CLMTMed

What Calumet (CLMT) Said on Its Q3 Earnings Call

Calumet (CLMT) reported Q3 earnings, highlighting a completed turnaround at its Shreveport facility and progress on Montana Renewables' expansion. Adjusted EBITDA for Montana Renewables was $110.6M, with CMR contributing $40.8M. The company plans to increase sustainable aviation fuel production, with a path to 200M gallons annually by 2028. Debt reduction remains a priority, with $175M in 2028 notes outstanding.

$CLMTHighAI 8/10

Calumet Reports Third Quarter 2026 Results

Calumet, Inc. /DE (CLMT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Calumet Reports Third Quarter 2026 Results • Third Quarter 2026 net income of $273.3 million, or basic earnings per common share of $2.91 • Third Quarter 2026 Adjusted EBITDA with Tax Attributes of $347.2 million • Accelerated deleveraging continues with approximatel

$CLMTMedAI 8/10

Quarterly profit was $273 million; Calumet retired about $265 million of debt since July.

Calumet reported Q3 2026 net income of $273.3M, up from a loss in 2025. Adjusted EBITDA reached $347.2M, driven by strong performance in Specialty Products and record earnings in Montana Renewables. The company retired $265M in debt since July. CEO Todd Borgmann highlighted accelerated deleveraging and growth strategy. Calumet operates in specialty products and renewable fuels, headquartered in Indianapolis.