Added to YB: 2025-11-13
Pitch date: 2025-11-09
CLMT [bullish]
Calumet, Inc.
+67.17%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
Calumet, Inc. manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally.
Market Cap
$2.8B
Pitch Price
$19.28
Price Target
30.00 (-7%)
Dividend
N/A
EV/EBITDA
98.83
P/E
-14.78
EV/Sales
1.30
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Updates on $CLMT
CLMT: SPS segment hit record $80.2M EBITDA (+58% YoY), $61M YTD cost savings. MRL weak but secured ~100M gallons SAF commitments for Q2 2026 launch. Base case: $1.25 RD margin + $1.50 SAF premium = $535M total EBITDA at 8x = $30 target (+56% return). Added Jan 2027 $20 calls.
Read full article (2 min)