Calumet, Inc. /DE
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended June 30, · Six Months Ended June 30, | |||||||||||||
| · 2025 · 2024 · 2025 · 2024 | |||||||||||||
| · (In millions, except share and per share data) | |||||||||||||
| · · · · · · · · · · · | |||||||||||||
| Sales | | $1,026.6 | | $1,133.7 | | $2,020.5 | | $2,139.5 | | ||||
| Cost of sales | | | 1,070.2 | | 1,069.9 | | | 2,145.5 | | 1,997.2 | | ||
| Gross profit (loss) | | | (43.6) | | 63.8 | | | (125.0) | | 142.3 | | ||
| Operating costs and expenses: | | | | | | | | | | | | | |
| Selling | | | 12.2 | | 15.1 | | | 24.5 | | 28.8 | | ||
| General and administrative | | | 41.1 | | 37.5 | | | 53.2 | | 60.8 | | ||
| Gain on sale of business | | | — | | — | | | (62.2) | | — | | ||
| Other operating expense | | | 4.1 | | 5.0 | | | 9.2 | | 10.2 | | ||
| Operating income (loss) | | | (101.0) | | 6.2 | | | (149.7) | | 42.5 | | ||
| | | | | | | | | | | | | | |
| Other income (expense): | | | | | | | | ||||||
| Interest expense | | | (52.9) | | (56.8) | | | (111.4) | | (117.6) | | ||
| Debt extinguishment costs | | | (0.1) | | (0.1) | | | (47.7) | | (0.3) | | ||
| Gain (loss) on derivative instruments | | | 4.3 | | 11.3 | | | (2.9) | | (5.6) | | ||
| Other income | | | 2.0 | | 0.8 | | | 2.4 | | 1.0 | | ||
| Total other expense | | | (46.7) | | (44.8) | | | (159.6) | | (122.5) | | ||
| Net loss before income taxes | | | (147.7) | | (38.6) | | | (309.3) | | (80.0) | | ||
| Income tax expense | | | 0.2 | | 0.5 | | | 0.6 | | 0.7 | | ||
| Net loss | | $(147.9) | | $(39.1) | | $(309.9) | | $(80.7) | | ||||
| Allocation of net loss to partners: | | | | | | | | | | | | | |
| Net loss attributable to partners | | | | | | (39.1) | | | | | | (80.7) | |
| Less: | | | | | | | | | | | | | |
| General partners' interest in net loss | | | | | | (0.8) | | | | | | (1.6) | |
| Net loss available to limited partners | | | | | $(38.3) | | | | | $(79.1) | | ||
| Earnings per share / Limited partners' interest net loss per unit: | | | | | | | | | | ||||
| Basic and diluted | | $(1.70) | | $(0.48) | | $(3.58) | | $(0.98) | | ||||
| Weighted average number of common shares outstanding / limited partner units outstanding: | | | | | | ||||||||
| Basic and diluted | | 86,797,123 | | 80,555,587 | | 86,613,896 | | 80,453,995 | | ||||
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