CLMT at a glance
Calumet, Inc. /DE (CLMT, SEC CIK 2013745) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as September 28, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Calumet, Inc. /DE (CLMT) reported revenue of $4.1 billion (down 1.2% from FY2024) and a net loss of $33.8 million. Diluted EPS was -$0.39.
- As of June 30, 2026, 26 institutional investment managers tracked by SignalX reported holding Calumet, Inc. /DE (CLMT) shares worth $695.0 million in 13F-HR filings.
- In the last 90 days, CLMT insiders reported 0 open-market purchases ($0) and 1 open-market sale ($0) on Form 4, a net purchase of $0.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $4.1B
- −1.2% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net +$0
- 13F holders
- 26 funds
- $695.0M · +4 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 1.01 · Item 2.03
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk: EPA Renewable Fuel Standard compliance with potential narrowing of Small Refinery Exemption increasing RINs purchase costs
- Macroeconomic risk: RINs prices significantly increased, causing $114.1 million gain from RINs in FY 2025 vs $31.9 million in FY 2024
- Operational risk: Dependence on Small Refinery Exemption receipt to reduce RINs Obligation liability, impacting fuel product segment costs
- Financial risk: Recent Ninth Amendment to Third Amended and Restated Credit Agreement affects debt obligations and liquidity management
Management Discussion & Analysis
- Capital expenditures funded partially by $1.44B DOE Loan to expand renewable fuels facility; $781.8M first tranche received Feb 18, 2025
- $392.3M used to repurchase equipment; $83.8M repaid under MRL Term Loan with $9.4M make-whole and $0.7M early termination premiums
- $26.7M repaid on MRL Revolving Credit; $32.5M repaid on MRL Supply and Offtake obligations; $40M received from Montana Refinery sale
- Future liquidity supported by cash flow, credit facility, and asset sales; $658M available in delayed draw facility; DOE Loan non-recourse to parent company
AI summary of the CLMT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- RIN loss $155.3M in Q2 2026 vs $90.8M in Q2 2025
- RIN costs in cost of sales, affecting two fuels-product segments
- Small refinery exemption historically received from EPA
- Potential headwinds from higher RIN obligations or narrowed exemption availability
Risk Factors
- No risk-factors section provided in the submitted text
- Limited Conditional Waiver and Consent Agreement dated June 30, 2026 with U.S. Department of Energy
- No disclosed new or changed operational, competitive, market, financial, regulatory, or legal risks beyond the agreement’s existence
AI summary of the CLMT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Revolving credit commitments increased from $500.0 million to $600.0 million, subject to borrowing-base limitations
- Amendment expands potential liquidity capacity for Calumet and its subsidiaries
Item 2.03: Creation of a Direct Financial Obligation
- Eleventh amendment to credit agreement with Bank of America executed September 11, 2026
- Fourth amendment to monetization master agreement with J. Aron & Company executed concurrently
Item 1.01: Entry into a Material Definitive Agreement
- DOE-backed financing reduced to $815.8M principal and $232.8M capitalized interest
- Great Falls expansion shifted from large new-build to repurposing existing equipment
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results released for quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1, containing operating and financial details
Item EX-99.1: Item EX-99.1
- Q2 2026 net loss narrowed to $95.9M from $147.9M, despite $163.6M of non-cash RINs expense
- Adjusted EBITDA surged to $159.3M from $55.1M, with tax attributes lifting it to $175.2M
AI summaries of CLMT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CLMT
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Fleming Bruce A | M | Sep 25, 2026 | 107,428 | - |
| Fleming Bruce A | M | Sep 25, 2026 | 107,428 | - |
| Borgmann Louis Todd | M | Sep 25, 2026 | 107,428 | - |
| Borgmann Louis Todd | M | Sep 25, 2026 | 107,428 | - |
| Morical Gregory J | M | Sep 25, 2026 | 30,694 | - |
| Fleming Bruce A | F | Sep 25, 2026 | 42,190 | - |
| Morical Gregory J | F | Sep 25, 2026 | 13,560 | - |
| Morical Gregory J | M | Sep 25, 2026 | 30,694 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $4.2B | $4.1B |
| Gross Profit | - | $230.8M | $245.7M |
| Operating Income | - | $8.1M | $108.7M |
| Net Income | $48.1M | -$222.0M | -$33.8M |
| Gross Margin | - | 5.5% | 5.9% |
| Op. Margin | - | 0.2% | 2.6% |
| Net Margin | - | -5.3% | -0.8% |
| Balance Sheet | |||
| Total Assets | - | $2.8B | $2.7B |
| Equity | - | -$711.9M | -$732.7M |
| ROE | - | 31.2% | 4.6% |
| Per Share | |||
| EPS | - | $-2.67 | $-0.39 |
| Cash Flow | |||
| Operating CF | -$14.9M | -$46.4M | $108.9M |
| CapEx | - | $76.7M | $52.3M |
Source: XBRL data in Calumet, Inc. /DE (CLMT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CLMT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 26 | $695.0M |
| Q1 2026 | 22 | $661.6M |
| Q4 2025 | 18 | $342.4M |
| Q3 2025 | 18 | $297.3M |
| Q2 2025 | 18 | $249.6M |
| Q1 2025 | 14 | $139.5M |
| Q4 2024 | 7 | $152.0M |
| Q3 2024 | 6 | $33.5M |
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- Citadel Advisors LLC+226.1K (+42%)
- Wells Fargo & Co+122.4K (+323%)
- Morgan Stanley−343.8K (-33%)
- JPMorgan Chase & Co−242.4K (-42%)
- Bank of America Corp−172.4K (-15%)
- Invesco Ltd−140.8K (-53%)
- Renaissance Technologies LLC−70.1K (-18%)
- Dimensional Fund Advisors+422.1K
- AQR Capital Management+46.0K
- Blackstone Group+12.9K
- D.E. Shaw & Co+9.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 129 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CLMT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 8-K | Sep 1, 2026 | - | Analysis | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 7, 2026 | - | Analysis | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - |
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CLMT SEC filings: frequently asked questions
Are CLMT insiders buying or selling?
In the last 90 days, Calumet, Inc. /DE (CLMT) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $0 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CLMT stock?
As of June 30, 2026, the largest Calumet, Inc. /DE (CLMT) holders among the 13F filers tracked by SignalX were BlackRock ($188.5 million), State Street Corp ($125.0 million), Vanguard Capital Management LLC ($124.4 million), Vanguard Portfolio Management LLC ($36.9 million), Bank of America Corp ($35.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CLMT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Calumet, Inc. /DE (CLMT) reported revenue of $4.1 billion (down 1.2% from FY2024) and a net loss of $33.8 million. Diluted EPS was -$0.39. The figures come from the XBRL data in the 10-K.
What are the main risks in CLMT's latest 10-K?
In the 10-K filed February 27, 2026, Calumet, Inc. /DE (CLMT) flagged: Regulatory risk: EPA Renewable Fuel Standard compliance with potential narrowing of Small Refinery Exemption increasing RINs purchase costs. Macroeconomic risk: RINs prices significantly increased, causing $114.1 million gain from RINs in FY 2025 vs $31.9 million in FY 2024. (AI summary of the Risk Factors section.)
What did CLMT report in its latest 8-K?
Calumet, Inc. /DE (CLMT) filed an 8-K on September 15, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation). Revolving credit commitments increased from $500.0 million to $600.0 million, subject to borrowing-base limitations.
What are the latest CLMT SEC filings?
Calumet, Inc. /DE (CLMT) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on September 28, 2026.
What is CLMT's SEC CIK number?
Calumet, Inc. /DE (CLMT)'s SEC Central Index Key (CIK) is 2013745. EDGAR lists every CLMT filing under that number.
Ask anything about CLMT
The research agent reads CLMT's filings, financials, insider trades and 13F holders, then answers with sources.