CLMT News & Events

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.

Calumet announced that Jennifer Straumins, a member of the company's Board of Directors, has informed the Board of her decision not to seek re-election and to retire at the end of her current term, which expires at the company's 2026 Annual Meeting of Stockholders. Straumins has served on the Board since July 2024, previously served on the board of Calumet GP, LLC from February 2021 to July 2024, and was also an employee of the Partnership for 13 years. Straumins currently serves on the Board's Strategy and Growth and Risk Committees.