Calumet's Q3 2025: Record Profits & Sustainable Aviation Fuel
Update: 2025-11-07
Description
Calumet Incorporateds Q3 2025 financials blew analysts away with a net income of $313.4 million, or $3.61 per share, versus predicted losses. Total revenue hit $1.08 billion, surpassing expectations. The Specialty Products and Solutions division shone, with an adjusted profit of $80.2 million, up from $50.7 million last year. Cost-cutting efforts and strong sales drove this success. Calumets Montana Renewables business also grew, with an adjusted profit of $17.1 million. The company remains on track to produce 120-150 million gallons of sustainable aviation fuel annually by Q2 2026. A minor restatement of earlier financial reports did not impact revenue, net income, or adjusted profits.
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