CLMT Calumet, Inc. /DE

FY2025 10-K
Filed: Feb 27, 2026
Energy
Petroleum RefiningSEC EDGAR

Calumet, Inc. /DE (CLMT) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Management Discussion & Analysis

  • No revenue or profitability figures disclosed in this text
  • Capital expenditures funded partially by $1.44B DOE Loan to expand renewable fuels facility; $781.8M first tranche received Feb 18, 2025
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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
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Financial Summary
XBRL

Revenue

$4.1B

Net Income

-$34M

Gross Margin

5.9%

Operating Margin

2.6%

Net Margin

-0.8%

ROE

4.6%

Total Assets

$2.7B

EPS (Diluted)

$-0.39

Operating Cash Flow

$109M

Source: XBRL data from Calumet, Inc. /DE FY2025 10-K filing on SEC EDGAR. All figures in USD.

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