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CLMT

Calumet Inc.

CLMT

NASDAQ·Energy·Oil & Gas Refining & Marketing·Mkt cap $3.2B

$36.42

▼ -0.03%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$12.94 - $38.75

P/E

-16.86

Fwd P/E

-97.77

Beta

0.72

Div Yield

0.00%

Avg Vol

951.4K

Shares Out

86.8M

Mkt Cap

$3.2B

Price action

Price chart

Up 123.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Diversified product portfolio across specialty chemicals and renewable energy reduces market concentration risk
  • Established brand recognition through Royal Purple, Bel-Ray, and TruFuel with loyal customer bases
  • Integrated renewable and conventional fuel production capabilities position company for energy transition
  • Over 100 years of operational history and expertise in specialty formulations and processing
▼

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Stable outlook

Increasing demand for renewable fuels and sustainable energy solutions globally

Value

Deep value opportunity - significant discount to Oil & Gas E&P peers

Momentum

Stable

+3.9% over 3m

Quality

Thin

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 7, 2026

“
Q2 26 RECAP

MAY 8, 2026

Reported EPS of -$3.64 vs -$0.33 consensus (-993.2% surprise). Revenue of $1.0B vs $1.0B expected (+2.9%).

EPS miss
Rev beat +2.9%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-993.2%

Next: May 7, 2026

Revenue trend · last 8Q

—

—

—

-1%

-9%

-2%

-426%

+4%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.1B

$1.1B

$949.5M

$993.9M

$1.0B

$1.1B

$1.0B

$1.0B

Margins · last 8Q

Gross

—

Operating

—

Profit

-30.8%

View full earnings history →

Wall Street consensus

3 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

67%

Hold

1

33%

Sell

0%

Median Price Target

$36.00

▼ -1.2% vs $36.42

Low $36.00
Median $36.00
High $36.00

Latest: TD Cowen · Jun 3, 2026

1 analyst covering

View full analyst page →

vs Industry

How CLMT stacks vs Oil & Gas Refining & Marketing

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.