Calumet Inc. reported net income of $313.4 million for the third quarter ended September 30, 2025, compared to a net loss of $100.6 million in the same period of 2024. Basic earnings per common share were $3.61, up from a loss of $1.18 per share a year earlier. Adjusted EBITDA was $69.6 million, versus $59.8 million in the third quarter of 2024, while Adjusted EBITDA with Tax Attributes reached $92.5 million, up from $59.8 million. The company achieved $61 million in year-over-year operating cost savings through the first nine months of 2025. Montana Renewables remains on track to achieve 120-150 million gallons of annualized sustainable aviation fuel (SAF) production by the second quarter of 2026, with approximately 100 million gallons of SAF fully committed or in advanced contracting. Specialty Products & Solutions recorded record production and strong margins during the period. Calumet also announced a restatement of interim financial statements for the first and second quarters of 2025 due to a cash flow classification error, which had no effect on revenue, net income, cash, or Adjusted EBITDA.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calumet Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE18431) on November 07, 2025, and is solely responsible for the information contained therein.
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