CLMT Earnings Prediction
The chart below shows how CLMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CLMT sees a +0.16% change in stock price 10 days leading up to the earnings, and a +4.50% change 10 days following the report. On the earnings day itself, the stock moves by +2.51%. This data can give you a slight idea of what to expect for the next quarter's release.
CLMT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
949.50M
-2.80%
-13.71%
Gross Margin
8.80%
291.11%
1855.56%
Operating Margin
2.60%
382.61%
-150.10%
Net Margin
-4.29%
-10.06%
-53.06%
EPS
-0.47
-40.51%
-60.17%
No Data Available
CLMT Earnings Analysis
Calumet Specialty Products Partners LP Corporation (CLMT.O) Earnings Conference Call
Positive
Earnings Surprise Report: Calumet Specialty Products Partners, L.P. beat earnings expectations with a reported EPS of $-0.47, significantly better than the expected $-1.06.
Corporate Structure Conversion: The company successfully converted its structure from a master limited partnership to a C-Corp, which has reduced cash debt service by roughly one-third.
Business Sale Impact: The sale of the Royal Purple Industrial business for $110 million is expected to reduce debt and strengthen the specialty strategy.
Volume Growth Achievement: In 2024, the specialty products and solutions teams grew volume by 7% year-over-year, equating to approximately 1.4 million barrels sold.
Volume Growth Impact: Performance Brands volumes increased by 22% in 2024, contributing $51 million of adjusted EBITDA after adjusting for insurance proceeds.
Safety Record Improvement: Calumet achieved its lowest safety record with a Total Recordable Incident Rate (TRIR) of 0.47, reflecting improved safety and operational reliability.
Cost Reduction Achievement: Montana Renewables operations improved significantly, achieving a target cost level of $0.70 per gallon by the end of 2024, down from $1.30 per gallon at the beginning of the year.
Specialty Margin Resilience: The company expects to maintain specialty margins over $60 per barrel even in challenging market conditions, demonstrating resilience in its business model.
EBITDA Turnaround Success: Montana Renewables generated $10.9 million of adjusted EBITDA in Q4 2024, a significant turnaround from a negative $25.8 million in the prior year period.
Projected Cash Flow Generation: The company anticipates strong cash flow generation from Montana Renewables, with expectations of $65 million to $85 million annually at a $1.50 per gallon index margin.
Negative
Net Loss Reported: The company reported a net loss of $0.47 per share, which, while better than expectations, still indicates ongoing financial struggles.
Debt Reduction Challenges: Despite achieving a significant reduction in cash debt service, the company remains burdened by a high level of debt, with $800 million still targeted for reduction.
Specialty Products Challenges: The Specialty Products segment faced challenges due to a weakened commodity environment, which negatively impacted fuel margins and overall profitability.
Operational Challenges Persist: The Montana Renewables segment, although showing improvement, still reported a negative adjusted EBITDA in the prior year period, indicating ongoing operational challenges.
Biodiesel Production Decline: The company experienced a significant decline in biodiesel production, which dropped 63% to the lowest levels observed in years, reflecting broader industry challenges.
Tax Credit Transition Impact: The transition from the blender's tax credit (BTC) to the production tax credit (PTC) has created uncertainty in the market, affecting pricing and production decisions.
Asphalt Business Challenges: The asphalt business continued to reflect significant commodity headwinds, with softening fuel cracks and seasonal inventory management issues.
High Capital Spending Impact: The company anticipates capital spending to remain high in 2025, which could strain cash flow despite the reduction in debt service.
CLMT FAQs
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CLMT Earning Call Sentiment
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Q4 2024 Earnings Call Transcript
CLMT.O
-3.65%Positive
The earnings call highlights a positive EPS surprise, strong EBITDA performance, and effective debt management. The DOE loan reduces annual debt service, enhancing free cash flow. The SAF market growth and strategic asset sales bolster financial health. Despite some vague management responses, the overall sentiment is positive, driven by financial improvements and strategic initiatives. The stock price is likely to increase by 2% to 8% over the next two weeks, given the company's proactive measures and market opportunities.
