Calumet Inc. presented an update on its operations at the Goldman Sachs Energy, Clean Tech and Utilities Conference, highlighting progress in its specialty products and renewable fuels businesses. The company reported approximately $140 million in restricted group deleveraging year-to-date as of September 30, 2025, supported by strong expected cash flow for the fourth quarter and full year 2026. Calumet recently completed the sale of its Royal Purple Industrial segment and emphasized Montana Renewables’ positive EBITDA and tax attributes for the year-to-date period through the third quarter of 2025. Montana Renewables also completed a U.S. Department of Energy-backed loan in the first quarter, reducing annual debt service by about $80 million. The MaxSA 150 project, scheduled for the second quarter of 2025, is set to be funded within Montana Renewables, with around 100 million gallons of sustainable aviation fuel contracted at a premium to renewable diesel. The company outlined its strategy to further deleverage its balance sheet and partially monetize Montana Renewables. You can access the full presentation through the link below.

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