CLMT News & Events

Reports Q1 revenue $1.03B vs. $993.9M last year. "The first quarter of 2026 marked a pivotal moment in Calumet's transformation," said Todd Borgmann, CEO. "Late in the quarter, we saw the renewable fuels market fundamentally transformed following EPA's long-awaited SET2 RVO announcement in March, and we entered one of the strongest margin environments we've seen across both traditional and renewable energy markets. Further, we brought down Montana Renewables for a turnaround and MaxSAF 150 expansion in early March, and successfully commenced operations in early May. While these developments did not fully benefit first quarter financial results due to previously disclosed operational downtime at our Shreveport facility and the planned expansion work in Montana, Calumet is exceptionally well positioned to capture these tailwinds, accelerate deleveraging, and continue our long-term growth and value creation strategy."

Calumet announced an operational update for Q1 2026. Shreveport Maintenance: late in Q1, its Shreveport facility required unplanned maintenance after discovering the presence of organic chlorides in feedstock tanks. Operations across significant portions of the facility were temporarily suspended. This outage resulted in a loss of approximately 750K barrels of production, and the company are conducting an investigation as to the source of organic chlorides. The Shreveport facility is back fully operational and processing over 50K barrels per day of feedstock. Montana Renewables planned shutdown for its MaxSAF expansion and additional turnaround activities began the week of March 2nd and is expected to last approximately 48 days. The project is more than 70% complete and is currently on time and budget.

Calumet is up 12.5%, or $4.02 to $36.08.