Calumet, Inc. /DE
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 10, 2025
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Stockholders' Equity
| | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||||||
| · · · Common Stock · · · · · · · · · · · Other · · · | |||||||||||||||||||||
| · · Common · · Shares Issued · · Additional · · · · Accumulated · · Comprehensive · · · | |||||||||||||||||||||
| · · Shares · · Par Value · · Paid-in Capital · · Warrants · · Deficit · · Loss · · Total | |||||||||||||||||||||
| · · · · · (In millions) | |||||||||||||||||||||
| Balance at June 30, 2025 | | | 86,659,413 | | $0.9 | | $837.5 | | $7.8 | | $(1,848.9) | | $(7.0) | | $(1,009.7) | ||||||
| Other comprehensive income | | | — | | | — | | | — | | | — | | | — | | | 0.1 | | | 0.1 |
| Net income | | — | | — | | — | | — | | 313.4 | | — | | 313.4 | |||||||
| Settlement of tax withholdings on equity-based incentive compensation | | — | | — | | — | | — | | — | | — | | — | |||||||
| Settlement of restricted stock units | | 92,816 | | — | | 0.9 | | — | | — | | — | | 0.9 | |||||||
| Balance at September 30, 2025 | | | 86,752,229 | | $0.9 | | $838.4 | | $7.8 | | $(1,535.5) | | $(6.9) | | $(695.3) | ||||||
| | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · Accumulated · · · | |||||||||||||||||||||
| · · · Common Stock · · · · · · · · · · · Other · · · | |||||||||||||||||||||
| · · Common · · Shares Issued · · Additional · · · · Accumulated · · Comprehensive · · · | |||||||||||||||||||||
| · · Shares · · Par Value · · Paid-in Capital · · Warrants · · Deficit · · Loss · · Total | |||||||||||||||||||||
| · · · · · (In millions) | |||||||||||||||||||||
| Balance at December 31, 2024 | | | 85,950,493 | | $0.9 | | $825.4 | | $7.8 | | $(1,539.0) | | $(7.0) | | $(711.9) | ||||||
| Other comprehensive income | | | — | | | — | | | — | | | — | | | — | | | 0.1 | | | 0.1 |
| Net income | | — | | — | | — | | — | | 3.5 | | — | | 3.5 | |||||||
| Settlement of tax withholdings on equity-based incentive compensation | | — | | — | | (6.5) | | — | | — | | — | | (6.5) | |||||||
| Settlement of restricted stock units | | 801,736 | | — | | 19.5 | | — | | — | | — | | 19.5 | |||||||
| Balance at September 30, 2025 | | | 86,752,229 | | $0.9 | | $838.4 | | $7.8 | | $(1,535.5) | | $(6.9) | | $(695.3) | ||||||
| · · · · · · · · · · · · · · · · · · · · · · · · · · · · | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | | | | | | | | | | | | | | Accumulated | | | |
| · · Partners' Capital (Deficit) · · Common Stock · · · · · · · · · · · Other · · · | |||||||||||||||||||||||||
| · Limited Partner · · Limited · · General · · Common · · Shares Issued · · Additional · · · · Accumulated · · Comprehensive · · · | |||||||||||||||||||||||||
| · · Units · Partners · Partner · Shares · Par Value · Paid-in Capital · Warrants · Deficit · Loss · Total | |||||||||||||||||||||||||
| · · · · · · · · · · · · · · · · · · · (In millions) | |||||||||||||||||||||||||
| Balance at June 30, 2024 | | 80,388,555 | | $(559.0) | | $(0.3) | | — | | $— | | $— | | $— | | $— | | $(7.1) | | $(566.4) | |||||
| C-Corp Conversion (1) | | (80,388,555) | | | 559.0 | | | 0.3 | | 80,388,555 | | | 0.8 | | | 837.6 | | | — | | (1,397.7) | | — | | — |
| Issuance of common shares | | — | | | — | | | — | | 5,500,000 | | | 0.1 | | | (5.5) | | | — | | — | | — | | (5.4) |
| Issuance of warrants | | — | | | — | | | — | | — | | | — | | | (7.8) | | | 7.8 | | — | | — | | — |
| Other comprehensive income | | — | | | — | | | — | | — | | | — | | | — | | | — | | — | | 0.1 | | 0.1 |
| Net loss | | — | | | — | | | — | | — | | | — | | | — | | | — | | (100.6) | | — | | (100.6) |
| Settlement of tax withholdings on equity-based incentive compensation | | — | | | — | | | — | | — | | | — | | | — | | | — | | — | | — | | — |
| Settlement of restricted stock units | | — | | | — | | | — | | 15,550 | | | — | | | 0.1 | | | — | | — | | — | | 0.1 |
| Balance at September 30, 2024 | | — | | $— | | $— | | 85,904,105 | | $0.9 | | $824.4 | | $7.8 | | $(1,498.3) | | $(7.0) | | $(672.2) | |||||
| · · · · · · · · · · · · · · · · · · · · · · · · · · · · | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | | | | | | | | | | | | | | Accumulated | | | |
| · · Partners' Capital (Deficit) · · Common Stock · · · · · · · · · · · Other · · · | |||||||||||||||||||||||||
| · Limited Partner · · Limited · · General · · Common · · Shares Issued · · Additional · · · · Accumulated · · Comprehensive · · · | |||||||||||||||||||||||||
| · · Units · Partners · Partner · Shares · Par Value · Paid-in Capital · Warrants · Deficit · Loss · Total | |||||||||||||||||||||||||
| · · · · · · · · · · · · · · · · · · · · · (In millions) | |||||||||||||||||||||||||
| Balance at December 31, 2023 | | 79,967,363 | | $(484.4) | | $1.3 | | — | | $— | | $— | | $— | | $— | | $(7.2) | | $(490.3) | |||||
| Settlement of tax withholdings on equity-based incentive compensation | | — | | | (5.2) | | | — | | — | | | — | | | — | | | — | | — | | — | | (5.2) |
| Settlement of phantom units | | 421,192 | | | 9.7 | | | — | | — | | | — | | | — | | | — | | — | | — | | 9.7 |
| C-Corp Conversion (1) | | (80,388,555) | | | 479.9 | | | (1.3) | | 80,388,555 | | | 0.8 | | | 837.6 | | | — | | (1,317.0) | | — | | — |
| Issuance of common shares | | — | | | — | | | — | | 5,500,000 | | | 0.1 | | | (5.5) | | | — | | — | | — | | (5.4) |
| Issuance of warrants | | — | | | — | | | — | | — | | | — | | | (7.8) | | | 7.8 | | — | | — | | — |
| Other comprehensive income | | — | | | — | | | — | | — | | | — | | | — | | | — | | — | | 0.2 | | 0.2 |
| Net loss | | — | | | — | | | — | | — | | | — | | | — | | | — | | (181.3) | | — | | (181.3) |
| Settlement of tax withholdings on equity-based incentive compensation | | — | | | — | | | — | | — | | | — | | | (0.2) | | | — | | — | | — | | (0.2) |
| Settlement of restricted stock units | | — | | | — | | | — | | 15,550 | | | — | | | 0.3 | | | — | | — | | — | | 0.3 |
| Balance at September 30, 2024 | | — | | $— | | $— | | 85,904,105 | | $0.9 | | $824.4 | | $7.8 | | $(1,498.3) | | $(7.0) | | $(672.2) | |||||
| (1) | Refer to Note 2 — “Summary of Significant Accounting Policies” for additional information. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.