Added to YB: 2025-11-13
Pitch date: 2025-11-09
CLMT [bullish]
Calumet, Inc.
-1.82%
current return
Author Info
The Pale Blue Dot is an ex-investment banker with more than a decade of experience in M&A advisory, capital raising and equity derivatives. Sign up for the newsletter.
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$1.7B
Pitch Price
$19.28
Price Target
30.00 (+58%)
Dividend
N/A
EV/EBITDA
11.81
P/E
-44.86
EV/Sales
1.02
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Updates on $CLMT
CLMT: SPS segment hit record $80.2M EBITDA (+58% YoY), $61M YTD cost savings. MRL weak but secured ~100M gallons SAF commitments for Q2 2026 launch. Base case: $1.25 RD margin + $1.50 SAF premium = $535M total EBITDA at 8x = $30 target (+56% return). Added Jan 2027 $20 calls.
Read full article (2 min)