Calumet (CLMT) Projected to Announce Earnings on Friday

Posted by Francis Steltz on Aug 6th, 2026

Calumet (NASDAQ:CLMT – Get Free Report) is projected to issue its Q2 2026 results before the market opens on Friday, August 7th. Analysts expect the company to post earnings of $0.0674 per share and revenue of $1.1178 billion for the quarter. Investors may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Friday, August 7, 2026 at 9:00 AM ET.

Calumet (NASDAQ:CLMT – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The oil and gas company reported ($3.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($3.31). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted ($1.87) EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect Calumet to post $-0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Calumet Price Performance

Shares of Calumet stock opened at $40.26 on Thursday. The company’s 50 day moving average price is $37.77 and its two-hundred day moving average price is $32.43. The firm has a market capitalization of $3.51 billion, a P/E ratio of -18.64 and a beta of 0.71. Calumet has a fifty-two week low of $12.94 and a fifty-two week high of $45.20.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CLMT. Weiss Ratings upgraded Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. The Goldman Sachs Group increased their target price on Calumet from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, TD Cowen reissued a “hold” rating on shares of Calumet in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.75.

Check Out Our Latest Stock Analysis on CLMT

Insiders Place Their Bets

In other news, major shareholder Group Heritage sold 626,998 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $32.54, for a total value of $20,402,514.92. Following the completion of the sale, the insider owned 12,980,211 shares of the company’s stock, valued at approximately $422,376,065.94. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Sajkowski sold 4,240 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $36.16, for a total value of $153,318.40. Following the completion of the sale, the director directly owned 77,718 shares of the company’s stock, valued at approximately $2,810,282.88. The trade was a 5.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Calumet

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP increased its position in shares of Calumet by 35.8% during the third quarter. Marshall Wace LLP now owns 891,390 shares of the oil and gas company’s stock worth $16,268,000 after buying an additional 234,766 shares during the period. Bank of America Corp DE boosted its position in Calumet by 3.4% during the second quarter. Bank of America Corp DE now owns 609,307 shares of the oil and gas company’s stock valued at $9,600,000 after acquiring an additional 20,110 shares during the last quarter. Mariner LLC grew its holdings in Calumet by 959.6% during the 3rd quarter. Mariner LLC now owns 369,408 shares of the oil and gas company’s stock worth $6,742,000 after acquiring an additional 334,544 shares during the period. Goldman Sachs Group Inc. grew its holdings in Calumet by 128.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 348,115 shares of the oil and gas company’s stock worth $6,917,000 after acquiring an additional 195,627 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Calumet by 3.4% in the 4th quarter. BNP Paribas Financial Markets now owns 290,729 shares of the oil and gas company’s stock worth $5,777,000 after acquiring an additional 9,605 shares in the last quarter. 34.41% of the stock is owned by institutional investors and hedge funds.

Calumet Company Profile

(Get Free Report)

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is an independent provider of high-value, essential product solutions derived from both petroleum and renewable feedstocks. The company operates an integrated network of manufacturing plants, blending terminals and storage facilities across North America, delivering customized products and technical services to industrial, automotive, consumer and agricultural end markets. By leveraging its scale and technical expertise, Calumet tailors supply chain and formulation solutions to meet stringent regulatory and performance requirements.

Calumet’s product portfolio includes specialty lubricants and base oils for high-performance applications; process oils and waxes for food-grade, cosmetic and packaging uses; industrial solvents and cleaning solutions; and fuel additives designed to optimize engine performance and emissions.