$CLMT

Calumet, Inc. (CLMT) announced its subsidiary, Montana Renewables, plans to expand SAF production to 200 million gallons annually by 2028, reducing capital requirements to $137 million from $1.2 billion. The expansion will be funded by MRL earnings and a $34 million DOE loan draw, avoiding third-party equity. CMR will continue asphalt production, preserving jobs and site efficiencies.

Calumet Inc. (CLMT) expanded its asset-based revolving credit facility to $600M, led by Bank of America. It also amended its monetization deal with J. Aron to align with the larger facility. Both actions aim to enhance liquidity and financial flexibility, according to the company.

Calumet (CLMT) and Beazer Homes (BZH) reached 52-week highs. CLMT rose 4% after its subsidiary supplied fuel for Gulfstream's test, showing reduced emissions. BZH gained 15% amid takeover talks with Dream Finders Homes, seeking higher offers and rejecting exclusivity demands. CLMT is up 97% YTD, BZH up 55%.

Calumet, Inc. /DE (CLMT) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. Eleventh Amendment to Third Amended and Restated Credit Agreement On September 11, 2026, Calumet, Inc. (the “Company”) entered into the Eleventh Amendment to the Third Amended and Restated Credit Agreement (the “Eleventh Amend

Calumet, Inc. increased its asset-based loan to $600M. Its subsidiary, Montana Renewables, drew the final $34M from a DOE loan guarantee. The moves support working capital and MaxSAF operations.

Calumet, Inc. gained investor attention due to Middle East shipping attacks, highlighting its refining and specialty products model's sensitivity to supply chain disruptions. The company's MaxSAF 150 project, targeting sustainable aviation fuel, is a key operational factor. Revenue is projected to grow 2.4% yearly, with earnings expected to swing from a loss of $136.8M to a profit of $495.3M by 2029. Analysts' forecasts vary, with some predicting higher revenue and earnings based on the MaxSAF u

Tsakos Energy Navigation (TEN), Solaris Energy (SEI), DHT Holdings (DHT), and Calumet (CLMT) shares rose due to Middle East shipping disruptions and IEA's forecast of a 5.7M barrel/day global oil supply drop by 2026. SEI's shares are up 38% YTD, and the company raised its Adjusted EBITDA guidance for 2026 and 2027.

Calumet reported Q2 2026 Adjusted EBITDA of $175.2mm, up from $76.5mm in the prior year. The company highlighted growth in specialty products and renewable fuels, with plans for further expansion. Net recourse leverage improved to 3.9x as of June 2026, down from 7.0x a year ago. Calumet aims to continue deleveraging and invest in high-return growth opportunities.

Calumet Specialty Products Partners (CLMT) hit a 52-week high of $54.72, up 205.27% over the past year. The company reported Q2 2026 revenue of $1.44B, beating estimates, but missed earnings expectations. S&P upgraded its credit rating to 'B-', while UBS and TD Cowen raised price targets to $47 and $40, respectively, with Neutral/Hold ratings.

Calumet (CLMT) stock rose 8.9% post-earnings, trading at $16.19. Kodiak Gas Services (KGS) reported $391.1M revenue, up 21.1% YoY, with stock up 10.5% to $62.81. Excelerate Energy (EE) saw $329.3M revenue, up 61% YoY, with stock up 3% to $39.65. DHT Holdings (DHT) reported $255.2M revenue, up 174% YoY, with stock up 13% to $20.19. Market focus has shifted from AI to geopolitics and back to fundamentals.