Calumet, Inc. /DE
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended September 30, · Nine Months Ended September 30, | |||||||||||||
| · 2025 · 2024 · 2025 · 2024 | |||||||||||||
| · (In millions, except share and per share data) | |||||||||||||
| · · · · · · · · · · · | |||||||||||||
| Sales | | $1,078.0 | | $1,100.4 | | $3,098.5 | | $3,239.9 | | ||||
| Cost of sales | | | 704.3 | | 1,095.5 | | | 2,849.8 | | 3,092.7 | | ||
| Gross profit | | | 373.7 | | 4.9 | | | 248.7 | | 147.2 | | ||
| Operating costs and expenses: | | | | | | | | | | | | | |
| Selling | | | 10.9 | | 14.9 | | | 35.4 | | 43.7 | | ||
| General and administrative | | | 31.4 | | 40.2 | | | 84.6 | | 101.0 | | ||
| (Gain) loss on sale of business | | | 6.4 | | — | | | (55.8) | | — | | ||
| Other operating expense | | | 2.1 | | 6.9 | | | 11.3 | | 17.1 | | ||
| Operating income (loss) | | | 322.9 | | (57.1) | | | 173.2 | | (14.6) | | ||
| | | | | | | | | | | | | | |
| Other income (expense): | | | | | | | | ||||||
| Interest expense | | | (53.6) | | (57.7) | | | (165.0) | | (175.3) | | ||
| Debt extinguishment costs | | | 0.5 | | — | | | (47.2) | | (0.3) | | ||
| Gain (loss) on derivative instruments | | | (1.5) | | 15.2 | | | (4.4) | | 9.6 | | ||
| Other income (expense) | | | 3.7 | | (0.3) | | | 6.1 | | 0.7 | | ||
| Total other expense | | | (50.9) | | (42.8) | | | (210.5) | | (165.3) | | ||
| Net income (loss) before income taxes | | | 272.0 | | (99.9) | | | (37.3) | | (179.9) | | ||
| Income tax (benefit) expense | | | (41.4) | | 0.7 | | | (40.8) | | 1.4 | | ||
| Net income (loss) | | $313.4 | | $(100.6) | | $3.5 | | $(181.3) | | ||||
| Earnings per share: | | | | | | | | | | ||||
| Basic and diluted | | $3.61 | | $(1.18) | | $0.04 | | $(2.21) | | ||||
| Weighted average number of common shares outstanding: | | | | | | ||||||||
| Basic and diluted | | 86,901,141 | | 85,530,080 | | 86,710,696 | | 82,158,405 | | ||||
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