Calumet (CLMT) Expected to Post Quarterly Earnings on Friday

Key Points

• Calumet is expected to report Q3 2026 results before the market opens on Friday, November 6. Analysts project earnings of $1.63 per share on revenue of $1.34 billion, with an earnings call scheduled for 9:00 a.m. ET.
• The company’s previous quarter showed a mixed performance: Calumet reported a $1.09 loss per share, missing estimates, but revenue rose 40.8% year over year to $1.45 billion.
• Analyst sentiment is mixed. Calumet has a consensus “Hold” rating and an average price target of $54.75, while shares recently opened at $48.53 after declining 2.7%.

Calumet (NASDAQ:CLMT - Get Free Report) is expected to be releasing its Q3 2026 results before the market opens on Friday, November 6th. Analysts expect the company to announce earnings of $1.63 per share and revenue of $1.34 billion for the quarter. Investors may review the information on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Friday, November 6, 2026 at 9:00 AM ET.

Calumet (NASDAQ:CLMT - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The oil and gas company reported ($1.09) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($1.16). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.12 billion. The business's revenue for the quarter was up 40.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.70) EPS. On average, analysts expect Calumet to post $1.28 EPS for the current fiscal year and $2.61 EPS for the next fiscal year.

Calumet Stock Down 2.7%

CLMT stock opened at $48.53 on Friday. Calumet has a 52 week low of $17.85 and a 52 week high of $59.87. The business has a 50-day simple moving average of $53.72 and a 200 day simple moving average of $38.24. The company has a market cap of $4.27 billion, a PE ratio of -31.31, a price-to-earnings-growth ratio of 0.80 and a beta of 0.78.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Cowen raised their target price on shares of Calumet from $34.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. HC Wainwright upped their price target on shares of Calumet from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Zacks Research upgraded shares of Calumet from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. Citigroup reiterated a "buy" rating on shares of Calumet in a research report on Monday, August 10th. Finally, UBS Group lifted their price objective on shares of Calumet from $26.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $54.75.

About Calumet

Calumet, formerly known as Calumet Specialty Products Partners, L.P., is a manufacturer of specialty hydrocarbon products and renewable fuels. The company refines crude oil and other feedstocks into products used in industrial, transportation, commercial and consumer applications.

Its specialty product portfolio includes base oils, lubricants, waxes, solvents, asphalt and other highly engineered hydrocarbon products. Calumet also produces fuels and renewable fuels, including renewable diesel and sustainable aviation fuel-related products through its renewable fuels operations.

Founded in 1916, the company serves customers across the United States and supplies products to a range of industries, including automotive, energy, manufacturing, infrastructure and aviation.

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