The financials
Calumet, Inc. by the numbers
Calumet, Inc. (CLMT) reported revenue of $1.03B in Q1 2026 (quarter ended March 31, 2026), up 3.6% from the same quarter a year earlier. That came with a gross margin of −8.5% and net loss of $317M. For the full year FY2025, revenue was $4.14B (−1.2% year on year) and net income −$34M. Its largest product in 2026-Q1 was Other Specialty Products at $366M, 39% of the disclosed total, just ahead of Lubricating Oils at 20%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.03B | $994M | +3.6% |
| Gross profit | −$88M | −$81M | n/a |
| Operating income | −$171M | −$49M | n/a |
| Net income | −$317M | −$162M | n/a |
| Diluted EPS | −$3.64 | −$1.87 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Other Specialty Products | $366M | 39% |
| Lubricating Oils | $192M | 20% |
| Renewable Fuels | $142M | 15% |
| Solvents | $108M | 11% |
| Waxes | $40M | 4.2% |
| Gasoline | $35M | 3.7% |
| Diesel | $31M | 3.3% |
| Asphalt Heavy Fuel Oils And Other | $23M | 2.4% |
| Jet Fuel | $4.8M | 0.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $940.8M (-5.8%)
Diesel grew +34% year on yearAsphalt Heavy Fuel Oils And Other -37% year on year
Segment Latestquarter on quarteryear on year
- Other Specialty Products$365.5M$365.5MQoQ +1.3%year on year +20%+1.3%+20%
- Lubricating Oils$191.8M$191.8MQoQ +4.5%year on year -5.1%+4.5%-5.1%
- Renewable Fuels$142.2M$142.2MQoQ -30%year on year -14%-30%-14%
- Solvents$107.9M$107.9MQoQ +10%year on year +3.1%+10%+3.1%
- Waxes$39.8M$39.8MQoQ +7.6%year on year +4.2%+7.6%+4.2%
- Gasoline$34.6M$34.6MQoQ -3.4%year on year +6.5%-3.4%+6.5%
- Diesel$31.4M$31.4MQoQ +6.1%year on year +34%+6.1%+34%
- Asphalt Heavy Fuel Oils And Other$22.8M$22.8MQoQ -47%year on year -37%-47%-37%
- Jet Fuel$4.8M$4.8MQoQ -26%year on year +14%-26%+14%
Specialty Chemicals
Ranks #32 of 36 by Smart Score