Calumet stock rises as earnings estimates improve

Published on 09/22/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Calumet stock opened at USD 58.12 on September 22, 2026, near its 52-week high of USD 59.87. Revenue rose 40.8 percent in the latest quarter.

CLMT, US13146E1082, Illustration mit AI erstellt.

Calumet, Inc. (ISIN US13146E1082) opened at USD 58.12 on the Nasdaq on September 22, 2026, just USD 1.75 below its 52-week high of USD 59.87. The company reported quarterly revenue of USD 1.45 billion, up 40.8 percent year over year, while the earnings result remained below consensus.

Revenue growth meets an earnings miss

According to MarketBeat on September 22, 2026, Calumet reported quarterly EPS of negative USD 1.09, missing the consensus estimate of positive USD 0.07 by USD 1.16. Revenue nevertheless reached USD 1.45 billion against analyst expectations of USD 1.12 billion, a USD 330 million difference.

The year-over-year comparison is more constructive on sales than on earnings. Revenue increased 40.8 percent from the prior-year quarter, when EPS was negative USD 1.70, but the latest loss shows that higher throughput has not yet translated into positive per-share earnings.

Renewables remain the operating catalyst

Seeking Alpha wrote on September 21, 2026, that Montana Renewables expects USD 50 million of incremental adjusted EBITDA in the second half of fiscal year 2026 by extending conventional refining operations before further sustainable aviation fuel conversion.

That operating figure gives the stock a measurable earnings lever, but the quarterly EPS miss remains the counter-factor. The investment case therefore depends on whether the additional second-half EBITDA can offset near-term profitability pressure and support the planned renewable-fuels transition.

Stock remains near its yearly high

MarketBeat reported on September 22, 2026, that Calumet had a market capitalization of USD 5.11 billion, a price-to-earnings ratio of negative 37.50 and a beta of 0.72. The opening price was USD 58.12, compared with the 52-week low of USD 17.42 and the 52-week high of USD 59.87.

The range places the opening price USD 40.70 above the yearly low and USD 1.75 below the yearly high. The contrast between a 40.8 percent revenue increase and negative USD 1.09 quarterly EPS is the central valuation tension for Calumet stock.

Calumet stock holds a high valuation level

Calumet stock opened at USD 58.12 on the Nasdaq on September 22, 2026. The quoted market capitalization was USD 5.11 billion as of the same market context, while the latest reported quarter combined USD 1.45 billion in revenue with negative USD 1.09 EPS.