Calumet's stock dropped nearly 11% on Friday after the oil products company reported fourth-quarter 2025 earnings that missed profitability expectations. While the company achieved 9% revenue growth to $1.04 billion and exceeded analyst revenue estimates, it significantly underperformed on net loss per share ($0.43 vs. expected $0.22). Two of three divisions saw declining adjusted EBITDA, though the specialty products division showed strong growth. Despite CEO claims of $100 million in cost reductions and balance sheet improvements, the analyst remains cautious about the company's growth trajectory.

Calumet reported Q3 2025 earnings with sales decline of 2% but a significant profit turnaround, driven by cost reduction initiatives. The company also announced a Q2 financial restatement that could improve operating cash flow by $80 million.

The global industrial wax market is expected to grow at a CAGR of 4.4% from 2019 to 2034, driven by the increasing use of paraffin wax in packaging and the rising demand for sustainable and synthetic wax formulations.

The U.S. Department of Energy (DOE) announced conditional loan guarantees of nearly $3 billion to fund projects for the production of sustainable aircraft fuel (SAF) by Calumet and Gevo. This news initially sent the stocks of these two companies surging higher.

Oil prices had their strongest session in over two months Tuesday, with West Texas Intermediate (WTI) light crude climbing 2% to $80 a barrel, and Brent crude rising 1.7% to $84 a barrel. The surge in prices is attributed to the anticipation of increased demand with the start of the driving season and ongoing supply constraints. The market expects that OPEC+ will maintain its voluntary output cuts of 2.2 million barrels per day into the second half of the year during its upcoming June 2 meeting. The United States Oil Fund (NYSE:USO), which tracks the WTI price, rose 3%, factoring in Monday’s oil performance while U.S. markets were closed for Memorial Day. Energy stocks also rallied, with the Energy Select Sector SPDR Fund (NYSE:XLE) up 1%, outperforming all other S&P 500 sectors. Chart: WTI Rebounds To $80, Breaking April-May Downtrend Goldman Sachs Raises Long-Term Oil Demand Outlook Goldman Sachs has revised its long-term global crude demand forecast upward, projecting continued growth until 2034, after which it expects oil consumption to plateau. “Peak oil demand is still ...Full story available on Benzinga.com

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U.S. stocks traded higher, with the Dow Jones gaining around 100 points on Wednesday. Shares of HP Inc. (NYSE: HPQ) gained during Wednesday’s session following quarterly results. Net revenue fell 6.5% Y/Y to $13.817 billion, beating the consensus of $13.807 billion. Adjusted EPS of $0.90 was in line with the consensus. The company said it sees first-quarter earnings of 76 cents to 86 cents per share and also affirmed its full-year profit forecast of $3.25 to $3.65 per share. HP shares ...

Gainers Intelligent Bio Solutions Inc. (NASDAQ: INBS) shares climbed 83.5% to $0.4169 after reporting first-quarter results. Astra Space, Inc. (NASDAQ: ASTR) shares climbed 59.5% to $1.18 after the company announced it received a non-binding proposal from founders Chris Kemp and Adam London offering to acquire all of the outstanding common stock of the company not currently owned by Kemp and London. Tempest Therapeutics, Inc. (NASDAQ: TPST) gained 50% to $4.22 following third-quarter results. Virgin Galactic Holdings, Inc. (NYSE: SPCE) surged 27.5% to $1.99 after the company reported better-than-expected third-quarter financial results. The Honest Company, Inc. (NASDAQ: HNST) gained 23% to $1.4780 following upbeat quarterly results. Affirm Holdings, Inc. (NASDAQ: AFRM) rose 22.7% to $26.70 after the company reported better-than-expected first-quarter financial results and issued guidance. Infinera Corporation (NASDAQ: INFN) gained 22.6% to $4.06 following preliminary third-quarter results.. JanOne Inc. (NASDAQ: JAN) shares climbed 22.4% to $0.3936 as gaining over 7% on Wednesday. Marathon Digital Holdings, Inc. (NASDAQ: MARA) gained 22% to $10.43 on the heels of the company's quarterly results. SomaLogic, Inc. (NASDAQ: SLGC) rose 21.3% to $2.4750 following strong quarterly results. PubMatic, Inc. (NASDAQ: PUBM) shares climbed 20.4% to $14.57 after the company reported better-than-expected third-quarter financial results. LiveRamp Holdings, Inc. (NYSE: RAMP) rose 19.4% to $35.83 after the company posted upbeat second-quarter results and issued strong sales forecast. OncoCyte Corporation (NASDAQ: OCX) gained 18.5% to $2.55 following third-quarter results. Braskem S.A. (NYSE: BAK) shares rose 17.8% to $8.28 after Valor Economico Reported that Abu Dhabi's Adnoc Made a new offer to acquire a stake in the Brazilian petrochemical producer. Braskem also reported results for the third quarter. Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) surged 16.3% to $15.12 following third-quarter results. Seritage Growth Properties (NYSE: SRG) gained 16.3% to $8.65 following third-quarter results. Riot Platforms, Inc. (NASDAQ: RIOT) rose 16.1% to $11.94. Bloom Energy Corporation (NYSE: BE) gained 15.4% to $11.57 after the company reported better-than-expected third-quarter financial results. Jackson Financial Inc. (NYSE: JXN) climbed 14.4% to $44.55 following strong earnings. Bakkt Holdings, Inc. (NYSE: BKKT) shares rose 14.2% to $0.7326 after declining 29% on Wednesday. SenesTech, Inc. (NASDAQ: ...

U.S. stocks traded mostly lower, with the Dow Jones falling around 75 points on Thursday. Here are some big stocks recording gains in today’s session. Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares jumped 27.5% to $1.99 after the company reported better-than-expected third-quarter financial results. Affirm Holdings, Inc. (NASDAQ: AFRM) shares jumped 22.7% to $26.70 after the company reported better-than-expected first-quarter financial results and issued guidance. Infinera Corporation (NASDAQ: INFN) surged 22.6% to $4.06 following preliminary third-quarter results.. Marathon Digital Holdings, Inc. (NASDAQ: MARA) jumped 22% to $10.43 on the heels of the company's quarterly results. SomaLogic, Inc. (NASDAQ: SLGC) climbed 21.3% to $2.4750 following strong quarterly results. PubMatic, Inc. (NASDAQ: PUBM) shares gained 20.4% to $14.57 after the company reported better-than-expected third-quarter financial results. LiveRamp Holdings, Inc. (NYSE: RAMP) shares gained 19.4% to $35.83 after the company posted upbeat second-quarter results and issued strong sales forecast. Braskem S.A. (NYSE: BAK) shares climbed 17.8% to $8.28 ...

ALGT, CLMT and CMBM have been added to the Zacks Rank #5 (Strong Sell) List on November 8, 2023.

ALLT, CLMT and CIVB have been added to the Zacks Rank #5 (Strong Sell) List on September 27, 2023.

Calumet Specialty's focus on renewable diesel and sustainable aviation fuel production is promising. Read why there are concerns still with CLMT stock.