Calumet, Inc. announced preliminary selected financial results for the year ended December 31, 2025.
The Company expects a net loss between $69.0 million and $12.0 million and Adjusted EBITDA between $285.0 million and $305.0 million for 2025.
Calumet reduced restricted debt by over $220 million in 2025 through various strategic initiatives and divestitures.
Calumet's reduction of restricted debt and its forecasted financial performance indicate a strategic shift towards improved cost efficiency and financial management.
The increase in annual production by 1.3 million barrels highlights Calumet's dedication to operational excellence and growth.
Cost Transformation
Calumet executed a strategic cost transformation, reducing restricted debt by over $220 million through a combination of cost improvements and divestitures, demonstrating a commitment to enhancing financial strength and flexibility.
Production Increase
Through focused reliability initiatives, Calumet achieved a significant production increase of 1.3 million barrels annually, showcasing operational efficiency and capacity expansion efforts.
MaxSAF Expansion
Calumet expanded its MaxSAF 150 capabilities at Montana Renewables, establishing a faster and more cost-effective expansion path. This move signals a strategic commitment to sustainable aviation fuel production and market positioning.
Financial Outlook
Calumet anticipates sustained free cash flow generation and ongoing deleveraging in 2026, reflecting a forward-looking approach to financial stability and growth potential.
- Calumet's reduction of restricted debt by $220 million in 2025 underscores the company's proactive cost efficiency measures and adept financial management, potentially enhancing its creditworthiness and operational flexibility.
- The significant annual production growth of 1.3 million barrels not only signals operational excellence but also positions Calumet favorably in the competitive energy market landscape, potentially boosting revenue and market share.
Calumet's strategic cost-saving measures and financial discipline in 2025 have positioned the company for future growth and improved financial performance. With a focus on deleveraging and free cash flow generation, Calumet is set for continued success in 2026, leveraging its enhanced operational and financial capabilities to drive value creation and market competitiveness.