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NASDAQ:CLMT
Calumet Specialty Products Partners Stock Earnings Reports
$12.06
+0.80 (+7.10%)
At Close: Mar 14, 2025
Calumet Specialty Products Partners Earnings Calls
Q4 2024
Beat
-$0.470 (55.66%)
| Release date | Feb 28, 2025 |
| EPS estimate | -$1.06 |
| EPS actual | -$0.470 |
| EPS Surprise | 55.66% |
| Revenue estimate | 937.7M |
| Revenue actual | 949.5M |
| Revenue Surprise | 1.26% |
Q3 2024
Missed
-$0.81 (-37.29%)
| Release date | Nov 08, 2024 |
| EPS estimate | -$0.590 |
| EPS actual | -$0.81 |
| EPS Surprise | -37.29% |
| Revenue estimate | 929.113M |
| Revenue actual | 1.1B |
| Revenue Surprise | 18.44% |
Q2 2024
Beat
-$0.480 (31.43%)
| Release date | Aug 09, 2024 |
| EPS estimate | -$0.700 |
| EPS actual | -$0.480 |
| EPS Surprise | 31.43% |
| Revenue estimate | 972.12M |
| Revenue actual | 1.134B |
| Revenue Surprise | 16.62% |
Q1 2024
Beat
-$0.610 (17.57%)
| Release date | May 10, 2024 |
| EPS estimate | -$0.740 |
| EPS actual | -$0.610 |
| EPS Surprise | 17.57% |
| Revenue estimate | 900.79M |
| Revenue actual | 1.006B |
| Revenue Surprise | 11.66% |
Last 4 Quarters for Calumet Specialty Products Partners
Below you can see how CLMT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Beat
| Release date | May 10, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $15.97 |
| EPS estimate | -$0.740 |
| EPS actual | -$0.610 |
| EPS surprise | 17.57% |
| Date | Price |
|---|---|
| May 06, 2024 | $16.22 |
| May 07, 2024 | $16.31 |
| May 08, 2024 | $16.11 |
| May 09, 2024 | $16.16 |
| May 10, 2024 | $15.97 |
| May 13, 2024 | $15.21 |
| May 14, 2024 | $15.45 |
| May 15, 2024 | $15.37 |
| May 16, 2024 | $15.75 |
| 4 days before | -1.54% |
| 4 days after | -1.38% |
| On release day | -4.76% |
| Change in period | -2.90% |
Q2 2024
Beat
| Release date | Aug 09, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $13.64 |
| EPS estimate | -$0.700 |
| EPS actual | -$0.480 |
| EPS surprise | 31.43% |
| Date | Price |
|---|---|
| Aug 05, 2024 | $11.47 |
| Aug 06, 2024 | $11.84 |
| Aug 07, 2024 | $11.26 |
| Aug 08, 2024 | $11.79 |
| Aug 09, 2024 | $13.64 |
| Aug 12, 2024 | $14.19 |
| Aug 13, 2024 | $15.98 |
| Aug 14, 2024 | $15.95 |
| Aug 15, 2024 | $17.29 |
| 4 days before | 18.92% |
| 4 days after | 26.76% |
| On release day | 4.03% |
| Change in period | 50.74% |
Q3 2024
Missed
| Release date | Nov 08, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $22.24 |
| EPS estimate | -$0.590 |
| EPS actual | -$0.81 |
| EPS surprise | -37.29% |
| Date | Price |
|---|---|
| Nov 04, 2024 | $21.03 |
| Nov 05, 2024 | $20.55 |
| Nov 06, 2024 | $19.60 |
| Nov 07, 2024 | $20.26 |
| Nov 08, 2024 | $22.24 |
| Nov 11, 2024 | $22.25 |
| Nov 12, 2024 | $20.33 |
| Nov 13, 2024 | $19.90 |
| Nov 14, 2024 | $20.49 |
| 4 days before | 5.75% |
| 4 days after | -7.87% |
| On release day | 0.0450% |
| Change in period | -2.57% |
Q4 2024
Beat
| Release date | Feb 28, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $14.33 |
| EPS estimate | -$1.06 |
| EPS actual | -$0.470 |
| EPS surprise | 55.66% |
| Date | Price |
|---|---|
| Feb 24, 2025 | $14.98 |
| Feb 25, 2025 | $15.53 |
| Feb 26, 2025 | $15.45 |
| Feb 27, 2025 | $14.98 |
| Feb 28, 2025 | $14.33 |
| Mar 03, 2025 | $13.46 |
| Mar 04, 2025 | $13.04 |
| Mar 05, 2025 | $12.98 |
| Mar 06, 2025 | $12.45 |
| 4 days before | -4.34% |
| 4 days after | -13.12% |
| On release day | -6.07% |
| Change in period | -16.89% |
Calumet Specialty Products Partners Earnings Call Transcript Summary of Q4 2024
Fourth Quarter and Full Year 2024 Earnings Call
Company Performance and Strategy
- Transition from MLP to C-Corp: Calumet has successfully transitioned from a master limited partnership to a C-Corporation, reducing cash debt service by approximately one-third, thereby positioning itself to pursue deleveraging and cash flow growth simultaneously.
- Operational Highlights:
- Record sales volumes in the Specialty Products segment (+7% year-over-year), with significant performance by the Performance Brands segment (+22% year-over-year).
- Montana Renewables achieved improved operational metrics, targeting a cost of $0.70 per gallon for operations, which is anticipated to be reduced to $0.40 with further scaling.
- Safety and Efficiency Improvements: The company reported its lowest safety incident rate ever (TRIR of 0.47), indicating enhanced operational reliability and commitment to safety.
- Debt and Financial Health:
- The company sold its Royal Purple Industrial business for $110 million at a 10x EBITDA multiple, with proceeds aimed at reducing debt.
- Projecting significant annual cash generation from Specialty Products ($95-$115 million) and Montana Renewables ($65-$85 million), despite current market challenges.
Market Insights
- Renewable Diesel and SAF Market:
- The renewable diesel market is expected to see improving margins as imports diminish and demand begins to exceed supply. Current D4 RIN prices and production statistics indicate potential market tightening.
- Sustainable Aviation Fuel (SAF) is expected to grow significantly due to global mandates, positioning Calumet to benefit from this anticipated demand.
Capital Expenditure and Financing
- 2025 Capital Expenditure Guidance: Company-wide capital expenditure expected between $60 million to $90 million, with additional spending on the MaxSAF project of $40 million to $60 million. Financing structure includes operational cash flow and existing DOE loan funds.
- Access to DOE Financing: The company has drawn from the DOE loan, significantly reducing its financing costs compared to previous debt instruments, thereby freeing cash for further growth and debt repayment.
Strategic Initiatives
- Deleveraging Strategy: The company aims to reduce its total debt to $800 million, leveraging generated cash flow, potential further asset sales, and operational efficiencies as well as exploring the capital markets for secured debt options.
- Potential Asset Divestitures: The management expressed openness to exploring further asset sales that do not align with its integrated strategy, asserting a focus on maximizing core business value.
Future Outlook
- Market Recovery Expectation: Calumet expects positive cash flow generation leading to continued debt repayment and operational growth, particularly as the renewable fuels market is anticipated to stabilize or improve in the coming periods.
Conclusion
Overall, Calumet, Inc. Investors should watch for improvement in market conditions, especially concerning SAF and renewable diesel as well as ongoing initiatives to enhance cash flow and reduce debt.
Calumet Specialty Products Partners Earnings History
Earnings Calendar
FAQ
When is the earnings report for CLMT?
Calumet Specialty Products Partners (CLMT) has scheduled its earnings report for May 09, 2025 before the markets open.
What is the CLMT price-to-earnings (P/E) ratio?
CLMT P/E ratio as of Mar 14, 2025 (TTM) is -4.71.
What is the CLMT EPS forecast?
The forecasted EPS (Earnings Per Share) for Calumet Specialty Products Partners (CLMT) for the first fiscal quarter 2025 is -$0.240.
What are Calumet Specialty Products Partners's retained earnings?
On its balance sheet, Calumet Specialty Products Partners reported retained earnings of $949.50 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
