Calumet (CLMT) Q3 FY2026 earnings: revenue $1.7 billion, up 56.1% on the year
Calumet, Inc. (CLMT) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 56.1% on the same quarter a year earlier. Net income was $256 million, down 18.2% on the year, and diluted earnings per share $2.91. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.
Revenue
$1.7 billion
+56.1% on the year · +16.5% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
27.0%
30.0% a year earlier
Q4 FY2024Q3 FY2026
Net income
$256 million
-18.2% on the year
Q4 FY2024Q3 FY2026
Diluted EPS
$2.91
-19.4% on the year
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new.
Net income and EPS reported: Net income was $273.3 million, or $2.91 basic EPS, against $313.4 million and $3.61 a year earlier. The nine-month result was a net loss of $139.6 million.
Specialty Adjusted EBITDA rose: SPS Adjusted EBITDA was $248.1 million against $80.2 million. SPS sales were $1,071.2 million, giving an Adjusted EBITDA margin of 23.2% against 11.8%.
Montana/Renewables Adjusted EBITDA with TA rose: MR Adjusted EBITDA with Tax Attributes was $110.6 million against $17.1 million a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
218
92.3
100
+136.7%
+117.6%
Capital expenditure
11.8
38.3
23.5
-69.2%
-49.8%
Free cash flow
207
54.0
76.9
+282.8%
+168.8%
Free cash flow margin
12.3%
3.7%
7.1%
Cash from investing
-11.8
-39.3
-8.4
Cash from financing
-96.7
-81.8
-108
Depreciation and amortisation
45.2
45.5
50.7
-0.7%
-10.8%
Share-based compensation
35.0
7.5
6.0
+366.7%
+483.3%
Diluted shares, weighted
88m
88m
87m
+0.5%
+1.3%
Shares outstanding at period end
88m
88m
87m
+0.3%
+1.5%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-871
-1,137
-695
Redeemable equity
268
251
246
+6.7%
+8.9%
Debt
2,172
2,259
2,303
-3.8%
-5.7%
Other liabilities
1,425
1,431
881
-0.4%
+61.8%
Total liabilities and equity
2,994
2,803
2,734
+6.8%
+9.5%
Fixed assets
1,298
1,321
1,362
-1.8%
-4.7%
Cash and equivalents
225
110
94.6
+105.1%
+138.1%
Receivables
466
417
279
+11.8%
+67.2%
Inventory
473
421
400
+12.3%
+18.1%
Other assets
533
534
598
-0.2%
-11.0%
Total assets
2,994
2,803
2,734
+6.8%
+9.5%
Questions
What was Calumet's revenue in Q3 FY2026?
Calumet (CLMT) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 56.1% on the same quarter a year earlier.
How much did Calumet earn in Q3 FY2026?
Net income for Q3 FY2026 was $256 million, down 18.2% on the year, and diluted earnings per share $2.91.
When did Calumet report Q3 FY2026 results?
Calumet filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.