Calumet Inc. reported a series of operational and financial updates for the nine months ended September 30, 2025. The company reduced costs by $60 million during the period and achieved record production levels in its Specialty Products and Solutions segment. Calumet also reduced its Restricted Group indebtedness related to its asset terminal financing arrangement by approximately $220 million over the course of 2025. The company monetized its Royal Purple Industrial business and successfully closed the initial tranche of the DOE Loan for its Montana Renewables project. In 2024, approximately 81.9% of gross profit from continuing operations was generated by the Specialty Products and Solutions segment, 41.3% by the Performance Brands segment, and negative 23.2% by the Montana/Renewables segment. Calumet noted that renewable diesel margins were significantly lower in 2024 due to trough market conditions. The company continues to focus on generating positive cash flows and further debt reduction.

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