CLMT — Calumet Specialty Products Partners

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Calumet Specialty Products Partners

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. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$33.68
Market Cap$2.85B
Float56.0M
Shares Outstanding87.0M
P/E (Forward)11.35
Price/Sales (TTM)0.69
vs. Analyst Target+9.9% to analyst PT
Profit Margin-0.82%
Operating Margin (TTM)-3.26%
Revenue (TTM)$4.14B
Earnings Growth (YoY)561.70%
Dividend RateNone
Analyst Target Price$37.00 (7 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $2.27B -$149M $99.1M $83.1M
2021 $3.15B -$255M $143M $15.6M
2022 $4.69B -$170M $352M $104M
2023 $4.18B $48.1M $452M $418M
2024 $4.19B -$222M $231M $165M
2025 $4.14B -$33.8M $246M $238M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Mar 2025 $994M -$162M
Jun 2025 $1.03B -$148M
Sep 2025 $1.08B $313M
Dec 2025 $1.04B -$37.3M

Ownership & Float

Insider Ownership22.7%
Institutional Ownership50.5%
Short Float10.2%
% of All Funds Holding2.02%
Number of Funds Holding166

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$31.12Near-term / short-term trend
Weekly40-Week SMA$22.36Medium-term trend
Weekly80-Week SMA$19.40Cyclical trend (business cycle)
Weekly200-Week SMA$17.60Secular trend (multi-year)
Monthly10-Month SMA$24.49Near-term monthly trend
Monthly20-Month SMA$20.59Medium-term monthly trend
Monthly40-Month SMA$18.54Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$27.60 support 1.60x 1 months ago
$22.10 support 1.43x 2 months ago
$19.80 support 1.32x 3 months ago
$10.60 support 1.03x 11 months ago

Historical Earnings Reactions (80 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 1.30% 0.11% 53.75% 26.76% -9.89%
1 Day -0.88% -0.69% 41.25% 30.63% -17.17%
1 Week -1.11% -0.37% 48.75% 41.20% -49.06%
2 Weeks 0.18% -1.51% 46.25% 43.33% -68.19%
1 Month 3.01% 1.36% 51.25% 62.22% -74.39%

Next earnings: May 8, 2026

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan6.2%65.0%20
Feb-1.7%42.9%21
Mar1.6%52.4%21
Apr1.6%61.9%21
May3.8%55.0%20
Jun0.5%45.0%20
Jul3.5%65.0%20
Aug5.5%50.0%20
Sep-2.4%40.0%20
Oct6.8%65.0%20
Nov-1.1%40.0%20
Dec-3.8%40.0%20

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.09% 48.3% 956
Tuesday 0.07% 48.6% 1046
Wednesday 0.17% 51.3% 1046
Thursday 0.02% 50.2% 1026
Friday 0.20% 50.5% 1023

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 50.5%

Insider Transactions — Smart Summary

Total insider ownership: 22.7%

12-Month Insider Activity Summary

Total Filings13
Net Value-$419,302.87
Net Shares Change53,699
% of Float0.1%
C-Suite Filings1
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
Straumins Jennifer -$3.7M 2 2 sell
Sajkowski Daniel J -$1.0M 3 2 sell
Morical Gregory J SVP, GENERAL COUNSEL -$419,302.87 1 1 sell
Heritage Group -$6.928 1 1 sell
Boss John G. +N/A 2 2 sell
Mawer Stephen P +N/A 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-10-03 – 2025-10-03 3 3 +N/A

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-19 Heritage Group -$6.928 Transaction at $26.27, now +28.2%
2025-06-16 Morical Gregory J SVP, GENERAL COUNSEL -$419,302.87 Transaction at $16.69, now +101.8%
2025-12-05 Boss John G. +N/A N/A
2025-12-05 Sajkowski Daniel J +N/A N/A
2025-06-16 Straumins Jennifer -$2.4M Transaction at $15.85, now +112.5%
2026-02-26 Sajkowski Daniel J -$1.0M Transaction at $12.66, now +166.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Calumet Specialty Products Partners (CLMT) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for CLMT on Trend Edge →