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Upturn AI Summary - About
Calumet Specialty Products Partners(CLMT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CLMT
09/25/2026: CLMT (4-star) is a STRONG-BUY. BUY for 58 days. Simulated Profits (44.34%). Updated daily EoD!
Calumet Specialty Products Partners is a mid-cap energy company operating as a master limited partnership, focusing on a diverse portfolio of specialty hydrocarbon products and performance lubricants. Its primary investment story centers on the successful transition of its legacy refinery assets into high-growth renewable fuel production, particularly Sustainable Aviation Fuel. While the company holds a strong niche position, it faces substantial risks including high leverage, exposure to commodity price volatility, and execution risks related to the renewable fuels rollout. This stock may suit investors seeking exposure to the green energy transition within the energy sector, though it remains a volatile asset. Investors should closely monitor debt reduction progress and renewable production metrics.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The potential for significant growth in the renewable fuels segment offers upside, though it is balanced by energy industry cyclicality. |
| Momentum investor | Mixed fit | Momentum traders may find the stock attractive during shifts in renewable energy sentiment, provided the technical uptrend remains intact. |
| Value investor | Strong fit while signal remains positive | The company may be attractive to value investors looking for a turnaround story centered on the transition to sustainable energy assets. |
| Dividend investor | Mixed fit | Distributions can be irregular or subject to suspension depending on the company's capital expenditure requirements for growth projects. |
| Low-risk investor | Weak fit | The stock's inherent volatility, leverage, and commodity exposure make it unsuitable for investors seeking low-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | As a specialty refiner, the company's margins fluctuate significantly with raw material costs and commodity fuel price changes. |
| Valuation risk | Medium | The market's perception of the renewable fuels business can lead to rapid re-ratings in the valuation of the units. |
| Competition risk (Commodity/Renewable) | High | Large integrated energy players can out-compete the company in scale and capital access. |
| Business quality | Medium | While the specialty products business is high quality, the legacy refining asset base introduces complexity. |
| Dividend income | Medium / high | Distributions are not guaranteed and are secondary to capital investment and debt servicing needs. |
| Execution risk | High | The successful ramp-up of the Montana Renewables facility is crucial for the company's long-term profitability. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 36.08% | Avg. Invested days 42 | Today’s Advisory Regular Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.72B USD | Price to earnings Ratio - | 1Y Target Price 53.4 |
Price to earnings Ratio - | 1Y Target Price 53.4 | ||
Volume (30-day avg) 1.3M shares | Beta 0.72 | 52 Weeks Range 17.42 - 59.87 | Updated Date 09/27/2026 |
52 Weeks Range 17.42 - 59.87 | Updated Date 09/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.54 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Specialty Products | Solvents, waxes, and specialty oils sold to industrial and retail clients. | This is the company's bread-and-butter business, providing steady, high-margin revenue. |
| Renewable Fuels | Sustainable Aviation Fuel (SAF) and Renewable Diesel. | This is the growth engine of the company, focused on the global shift toward cleaner energy. |
| Performance Brands | Royal Purple and Bel-Ray lubricants. | This segment leverages brand loyalty to capture retail and specialized industrial market spend. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 49.02 | Enterprise Value 6.93B | Price to Sales(TTM) 1.03 |
Enterprise Value 6.93B | Price to Sales(TTM) 1.03 | ||
Enterprise Value to Revenue 1.51 | Enterprise Value to EBITDA 88.74 | Shares Outstanding 87.90M | Shares Floating 59.09M |
Shares Outstanding 87.90M | Shares Floating 59.09M | ||
Percent Insiders 20.15 | Percent Institutions 53.53 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Calumet Specialty Products Partners
Exchange NASDAQ | Headquarters Indianapolis, IN, United States | ||
IPO Launch date 2006-01-26 | President, CEO & Director Mr. Louis Todd Borgmann | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 1540 | Website https://www.calumet.com |
Full time employees 1540 | Website https://www.calumet.com | ||
Calumet, Inc. manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally. It operates through Specialty Products and Solutions; Performance Brands; and Montana/Renewables segments. The Specialty Products and Solutions segment manufactures and markets various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The Montana/Renewables segment processes geographically advantaged renewable feedstocks into renewable diesel, aviation fuel, and renewable naphtha. This segment also engages in the process of Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. The Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. It serves wholesale distributors and retail chains. Calumet, Inc. was founded in 1919 and is headquartered in Indianapolis, Indiana.
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