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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
10/23/2026: CLMT (3-star) is a WEAK-BUY. BUY for 12 days. Simulated Profits (-14.61%). Updated daily EoD!
Calumet Specialty Products Partners is a US-based master limited partnership that produces a diverse array of specialty hydrocarbon products while undergoing a major strategic transition toward renewable fuels. Its primary strength lies in its niche market position and the successful launch of its Montana Renewables platform, which creates high-value renewable diesel and sustainable aviation fuel. The core investment story centers on capturing long-term growth from the energy transition. However, investors face risks regarding the company's high debt load, reliance on feedstock costs, and potential regulatory volatility. This stock may suit investors focused on energy transition growth, though they must monitor debt-reduction efforts and production ramp-up milestones closely.
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 | Strong fit while signal remains positive | The company is executing a transformative pivot toward high-growth renewable fuels. |
| Momentum investor | Mixed fit | Momentum is conditional on successful production ramps and positive regulatory news regarding renewable fuels. |
| Value investor | Mixed fit | The valuation depends heavily on future debt reduction and the successful realization of growth in the renewables segment. |
| Dividend investor | Weak fit | The company focuses on growth and debt reduction rather than consistent yield to unitholders. |
| Low-risk investor | Weak fit | The high leverage and sensitivity to commodity prices make this a higher-risk investment. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The business is exposed to rapid fluctuations in raw material and end-product prices. |
| Valuation risk | Medium / high | Market sentiment shifts frequently based on the success of renewable growth projects. |
| Competition risk (renewable fuels) | High | Major integrated players have deeper capital pockets for renewable investments. |
| Business quality | Medium | The shift toward specialty products improves quality but legacy assets remain energy-intensive. |
| Dividend income | Low / none | The company is not currently prioritizing cash distributions to investors. |
| Execution risk | High | Success relies heavily on the technical ramp-up of the Montana Renewables facility. |
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 13.94% | Avg. Invested days 39 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/23/2026 |
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 4.33B USD | Price to earnings Ratio - | 1Y Target Price 55.8 |
Price to earnings Ratio - | 1Y Target Price 55.8 | ||
Volume (30-day avg) 1.6M shares | Beta 0.78 | 52 Weeks Range 17.85 - 59.87 | Updated Date 10/25/2026 |
52 Weeks Range 17.85 - 59.87 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.55 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Specialty Products | Solvents, waxes, and white oils for commercial and industrial use. | This is a stable, niche business providing consistent demand from diverse industries. |
| Performance Fuels & Renewables | Conventional fuels, renewable diesel, and sustainable aviation fuel. | This is the growth engine tied to the energy transition and green fuel mandates. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 52.36 | Enterprise Value 7.25B | Price to Sales(TTM) 0.94 |
Enterprise Value 7.25B | Price to Sales(TTM) 0.94 | ||
Enterprise Value to Revenue 1.58 | Enterprise Value to EBITDA 92.78 | Shares Outstanding 87.90M | Shares Floating 60.24M |
Shares Outstanding 87.90M | Shares Floating 60.24M | ||
Percent Insiders 20.16 | Percent Institutions 52.12 |
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.
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