Calumet 2025 Q3 Earnings Profitability Surges 411.5% as Net Income Rebounds

Calumet (CLMT) reported a dramatic turnaround in fiscal 2025 Q3 earnings, reversing a year-ago net loss to post a robust profit. The company’s revenue dipped slightly year-over-year but was offset by a sharp improvement in profitability metrics.

Revenue

Calumet’s total revenue for 2025 Q3 declined by 2.0% to $1.08 billion compared to $1.10 billion in 2024 Q3. The Specialty Products and Solutions segment led with $679.10 million in revenue, followed by Fuels, asphalt, and by-products ($360.90 million) and Montana/Renewables ($319.20 million). Lubricating oils and solvents contributed $183.50 million and $97.70 million, respectively, while renewable fuels added $204.40 million. Waxes, gasoline, diesel, and jet fuel segments generated $37 million, $35.80 million, $29.60 million, and $6.50 million. Asphalt, heavy fuel oils, and other by-products accounted for $42.90 million. Performance Brands closed the segment list with $79.70 million.

Earnings/Net Income

Calumet returned to profitability with a net income of $313.40 million in 2025 Q3, a 411.5% improvement from a $100.60 million loss in 2024 Q3. Earnings per share (EPS) surged to $3.61 from a loss of $1.18, reflecting a 405.9% positive swing. The company’s profitability rebound underscores operational efficiency and strategic cost management.

Price Action

Calumet’s stock price edged down 0.67% during the latest trading day and declined 4.68% over the past week. However, the stock climbed 5.34% month-to-date, reflecting investor optimism post-earnings.

Post-Earnings Price Action Review

Following the release of its 2025 Q3 earnings, Calumet’s stock experienced mixed short-term volatility, with a daily dip and weekly decline offset by a strong monthly gain. The market’s reaction appears to balance the company’s improved profitability against broader sector dynamics.

CEO Commentary

Calumet’s CEO emphasized the company’s strategic focus on cost optimization and renewable energy initiatives during the earnings call. “Our turnaround in profitability is a testament to our disciplined execution and alignment with market trends,” the CEO stated. The leadership highlighted Montana/Renewables as a key growth driver, with plans to expand capacity in line with rising demand for sustainable fuels.

Guidance

The company provided forward-looking guidance, projecting continued operational efficiencies and margin expansion. Calumet expects to maintain its focus on high-margin segments, including renewable fuels and specialty products, while managing capital expenditures to align with long-term sustainability goals.

Additional News

Within three weeks of the earnings release, Calumet announced the appointment of a new Chief Financial Officer with expertise in renewable energy markets. The board also approved a $50 million share buyback program, signaling confidence in the company’s financial resilience. No major M&A activity or dividend adjustments were disclosed during the period.