Calumet Expects Net Loss of $69M to $12M for 2025
Based on preliminary data, the company currently expects to report a net loss between ($69M) and ($12M) and Adjusted EBITDA with Tax Attributes between $285M and $305M for year ended December 31, 2025. In addition, based on preliminary data, the company expects 2025 Adjusted EBITDA for its Restricted Subsidiary Group within the same range. "Based on preliminary data Calumet reduced restricted debt by more than $220 million in 2025," said Todd Borgmann, CEO. "This was driven by over $70 million of structural annual cost improvements, approximately $20 million of cost efficiencies and flexibility gains in our crude supply chain, a disciplined and responsible approach to capital spending, and an accretive $110 million divestiture of the Royal Purple Industrial business. This cost transformation, coupled with our leading commercial excellence platform and reliability initiatives that drove 1.3 million barrels of increased annual production, position the company for durable free cash flow generation and continued deleveraging in 2026."
