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.
How this was made

The 30-second read
Why it matters
The earnings release provides fresh data for traders to assess valuation and credit metrics, especially given the debt reduction.
Market read
The earnings numbers are material for CLMT shareholders and may influence sector sentiment in specialty chemicals and renewables.
What to watch
Montana/Renewables' first full quarter and strong renewables margins may drive future growth.
Background
Calumet Inc. (CLMT) reported its third-quarter 2026 financial results, showing revenue growth and operational highlights across its business segments.
Ticker impact
Calumet disclosed Q3 2026 net income of $273.3M and adjusted EBITDA of $347.2M, plus a $265M debt retirement.
potential modest downside as investors weigh lower net income against higher EBITDA
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
- CompanyCalumet Inc.
U.S.-listed energy and specialty products company.

