Calumet (CLMT) Set to Announce Quarterly Earnings on Friday

Calumet (NASDAQ:CLMT) is expected to be issuing its Q3 2026 results before the market opens on Friday, November 6th. Analysts expect Calumet to post earnings of $1.63 per share and revenue of $1.34 billion for the quarter. Individuals can check the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Friday, November 6, 2026 at 9:00 AM ET.

Calumet (NASDAQ:CLMT) last released its quarterly earnings results on Friday, August 7th. The oil and gas company reported ($1.09) EPS for the quarter, missing the consensus estimate 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 company’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($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 Price Performance

NASDAQ:CLMT opened at $47.33 on Wednesday. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -30.54, a PEG ratio of 0.75 and a beta of 0.65. Calumet has a 1 year low of $17.85 and a 1 year high of $59.87. The business has a 50 day simple moving average of $53.70 and a 200-day simple moving average of $38.66.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CLMT shares. HC Wainwright increased their price target on Calumet from $60.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $57.00 target price on shares of Calumet in a report on Wednesday, October 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Calumet in a research note on Friday, August 7th. UBS Group upped their price target on shares of Calumet from $26.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Finally, Zacks Research raised shares of Calumet from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.