Calumet publishes investor presentation outlining specialties cash flow, Montana Renewables SAF expansion plan

Calumet, Inc.

Calumet, Inc.

CLMT

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  • Calumet outlined a deleveraging plan anchored by Specialties cash flow, strategic activity, partial monetization of Montana Renewables.
  • Montana Renewables renewable production targeted at 13,000 bpd starting Q2 2026; SAF capacity targeted at 120-150 million gallons a year.
  • MaxSAF 150 expansion completed in March-April; operations commenced in May; SAF sales resumed across diversified customer mix.
  • SAF contracts cited at a USD 1-2 per gallon premium to renewable diesel; presentation cited roughly 100 million gallons contracted.
  • Specialties cited $222 million restricted group debt reduction in 2025; 7-year restricted group adjusted EBITDA average of $286 million.


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