Calumet posts Q3 2026 earnings with higher profit and accelerated debt retirement
Calumet reported third‑quarter 2026 net income of $273.3 million, or earnings of $2.91 per share. Adjusted EBITDA including tax attributes reached $347.2 million, driven by $248.1 million from Specialty Products & Solutions and $80.4 million from Montana Renewables. The company retired roughly $265 million of debt since July, and CEO Todd Borgmann said the results reflect strong market conditions and a faster‑than‑expected deleveraging pace.
Why it matters
The company said the debt retirements lower interest expense and free cash for its MaxSAF expansion, which could improve cash flow for shareholders (Calumet’s press release). Analysts note the earnings beat and higher EBITDA may support a stronger outlook for the stock (Investing.com’s commentary).
Key facts
- 1Net income for the quarter was $273.3 million, or $2.91 per share. prnewswire.com
- 2Adjusted EBITDA with tax attributes was $347.2 million. prnewswire.com
- 3Approximately $265 million of debt was retired since July. prnewswire.com
- 4Specialty Products & Solutions generated $248.1 million of Adjusted EBITDA. prnewswire.com
- 5Montana Renewables recorded Adjusted EBITDA with tax attributes of $80.4 million, equal to $1.86 per gallon. prnewswire.com
- 6Performance Brands reported Adjusted EBITDA of $9.1 million, down from $13.2 million a year earlier. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.