Added to YB: 2025-10-29
Pitch date: 2025-10-27
CLMT [bullish]
Calumet, Inc.
+46.95%
current return
Author Info
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Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$2.5B
Pitch Price
$20.00
Price Target
80.00 (+172%)
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Calumet, SAF First Cash Next
CLMT: Specialty hydrocarbons & renewable fuels co. DOE $1.44bn loan closed, $80m/yr interest savings. Royal Purple sold for $110m (10x EBITDA). EPA granted SREs cutting RINs liability from 396m to 89m. MaxSAF150 expansion to 120-150m gal by Q2 2026 for $20-30m capex. Bull case $80/share, base $47 vs current price (~134% upside). Key risks: 2026 note refinancing, RD margin recovery, SAF adoption pace.
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