Calumet reports second quarter 2025 results

Second quarter 2025 net loss of $147.9 million, or basic loss per common share of $1.70 per share second quarter 2025 adjusted ebitda with tax attributes of $76.5 million company-wide cost reduction initiatives tracking ahead of plan, delivering $42 million in year-over-year operating cost savings through the first half of 2025 montana renewables remains on track to achieve 120–150 million gallons of annualized saf production by second quarter of 2026 specialties business demonstrating significant margin expansion and continued strong sales volume indianapolis , aug. 8, 2025 /prnewswire/ -- calumet, inc. (nasdaq: clmt) today reported results of calumet, inc. (the "company," "calumet," "we," "our" or "us") for the second quarter ended june 30, 2025, as follows: three months ended june 30,  six months ended june 30,  2025 2024 2025 2024 (dollars in millions, except per share/unit data) net loss $ (147.9) $ (39.1) $ (309.9) $ (80.7) basic earnings (loss) per common share/unit $ (1.70) $ (0.48) $ (3.58) $ (0.98) adjusted ebitda $ 55.1 $ 74.8 $ 93.2 $ 102.9 adjusted ebitda with tax attributes $ 76.5 $ 74.8 $ 131.5 $ 102.9   specialty products and solutions performance brands montana/renewables three months ended june 30,  three months ended june 30,  three months ended june 30,  2025 2024 2025 2024 2025 2024 (dollars in millions, except per barrel data) gross profit (loss) $ (14.9) $ 39.1 $ 22.1 $ 25.1 $ (50.8) $ (0.4) adjusted gross profit (loss) $ 75.6 $ 72.9 $ 22.3 $ 25.4 $ (2.0) $ 19.9 adjusted ebitda $ 66.8 $ 72.7 $ 13.5 $ 14.1 $ (5.1) $ 8.7 adjusted ebitda with tax attributes $ 66.8 $ 72.7 $ 13.5 $ 14.1 $ 16.3 $ 8.7 gross profit (loss) per barrel $ (2.72) $ 6.71 $ 138.99 $ 141.01 $ (20.78) $ (0.18) adjusted gross profit (loss) per barrel $ 13.81 $ 12.51 $ 140.25 $ 142.70 $ (0.82) $ 9.02   specialty products and solutions performance brands montana/renewables six months ended june 30,  six months ended june 30,  six months ended june 30,  2025 2024 2025 2024 2025 2024 (dollars in millions, except per barrel data) gross profit (loss) $ (48.9) $ 124.4 $ 44.3 $ 47.4 $ (120.4) $ (29.5) adjusted gross profit (loss) $ 140.5 $ 129.7 $ 46.5 $ 48.6 $ (10.2) $ 15.0 adjusted ebitda $ 123.1 $ 119.9 $ 29.3 $ 27.5 $ (18.7) $ (4.7) adjusted ebitda with tax attributes $ 123.1 $ 119.9 $ 29.3 $ 27.5 $ 19.6 $ (4.7) gross profit (loss) per barrel $ (4.51) $ 11.07 $ 141.53 $ 147.20 $ (26.07) $ (6.92) adjusted gross profit (loss) per barrel $ 12.95 $ 11.54 $ 148.56 $ 150.93 $ (2.21) $ 3.52 "our second quarter results reflect continued strength in our specialties business, record operational performance at montana renewables, and meaningful cost reductions across the portfolio," said todd borgmann, ceo. "robust margin expansion and strong volumes were demonstrated in our specialties segment despite a planned, month-long turnaround at our shreveport facility, which was completed successfully.
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