{ "schemaVersion": 1, "organisationId": "O-98b64a8efd304f60b6f7c771c222cd63", "slug": "calumet-inc-de", "name": "Calumet, Inc. /DE", "updatedAt": "2026-10-03T22:18:40.902058Z", "sections": [ { "type": "OVERVIEW", "text": "Calumet, Inc. is an Indianapolis-based manufacturer, refiner and marketer of specialty products and renewable fuels, serving consumer and industrial markets. Its businesses span specialty oils, waxes and related products; branded performance products including Royal Purple, Bel-Ray and TruFuel; and renewable fuels such as renewable diesel and sustainable aviation fuel, alongside specialty asphalt and conventional fuels. Calumet operates 12 facilities across North America. [P579840]\n\nFor the year ended December 31, 2025, Calumet reported sales of approximately $4.14 billion. [T3546983] The company reports more than 1,500 team members and says its products are sold in over 80 countries. Its stated purpose is to help sustain and enhance essential products and contribute to a safer, healthier and more connected world. [https://calumet.com/about/]\n[P579840][T3546983][https://calumet.com/about/]", "updatedAt": "2026-10-03T22:18:40.902058Z" }, { "type": "PRODUCTS", "text": "Calumet’s specialty products include lubricating and base oils, solvents, waxes, food-grade white oils, pharmaceutical-grade petrolatums, gels and esters for consumer and industrial applications. Base oils are used in products such as adhesives, compressor oils, greases, paints and transformer oils; its solvents include hexanes, heptanes, mineral spirits and mineral seal oils; and its waxes include paraffin, intermediate and microcrystalline waxes. The company also offers synthetic polyol esters for aviation, refrigeration, industrial and automotive lubricants. [P579840][https://calumet.com/products/][https://calumet.com/products/base-oils/][https://calumet.com/products/solvents/][https://calumet.com/products/waxes/][https://calumet.com/products/esters/]\n\nIts branded products include Bel-Ray lubricants and greases, Royal Purple synthetic lubricants, and TruFuel ethanol-free engineered fuel. Calumet’s fuel and renewable product slate includes conventional gasoline, diesel, jet fuel and specialty asphalt, as well as renewable diesel, sustainable aviation fuel, renewable naphtha, renewable hydrogen, renewable natural gas and renewable propane. Montana Renewables is permitted to process up to 15,000 barrels per stream day of renewable feedstocks. [P154825829][P27252312][https://calumet.com/products/performance/][https://calumet.com/products/montana-renewables/]\n\nFor 2025, Calumet reported product categories representing total sales of 18% lubricating oils, 10% solvents, 4% waxes, 7% packaged and synthetic specialty products, 42% fuels and fuel-related products, and 19% renewable products. These are shares of sales, not shares of profit or EBITDA. [T2963719]\n[P579840][P154825829][P27252312][T2963719][T2963719][T2963719][T2963719][T2963719][T2963719][https://calumet.com/products/][https://calumet.com/products/base-oils/][https://calumet.com/products/solvents/][https://calumet.com/products/waxes/][https://calumet.com/products/esters/][https://calumet.com/products/performance/][https://calumet.com/products/montana-renewables/]", "updatedAt": "2026-10-03T22:18:40.902058Z" }, { "type": "GEOGRAPHY", "text": "Calumet is headquartered in Indianapolis, Indiana, and reports operating 12 facilities across North America. Its listed U.S. facility locations include Shreveport and Princeton, Louisiana; Cotton Valley, Louisiana; Great Falls, Montana; Burnham, Illinois; Karns City, Pennsylvania; Dickinson and Porter, Texas; and Louisiana, Missouri. The facilities include Calumet Packaging in Shreveport and Montana Renewables in Great Falls. [P579840][T10659974]\n\nThe company says its Specialty Products and Solutions customers are domestic and international. Montana Renewables’ output is distributed into renewable markets in the western half of North America, while Montana specialty asphalt is sized for local markets. The disclosures reviewed do not quantify revenue by country or region, or provide a geographic breakdown of employees. [P579840][P106541128]\n[P579840][T10659974][P106541128]", "updatedAt": "2026-10-03T22:18:40.902058Z" }, { "type": "SEGMENTS", "text": "For FY2025, Calumet reported three revenue-generating operating segments—Specialty Products and Solutions, Performance Brands, and Montana/Renewables—and a separately reported Corporate segment. Segment sales were $2,633.0 million (about 63.6% of consolidated sales) for Specialty Products and Solutions; $311.0 million (about 7.5%) for Performance Brands; and $1,193.1 million (about 28.8%) for Montana/Renewables, out of consolidated sales of $4,137.1 million. [P579840][T12560119]\n\nSpecialty Products and Solutions makes and markets solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters and other products, often used as raw-material components in consumer and industrial products. Performance Brands blends, packages and markets high-performance products under the Royal Purple, Bel-Ray and TruFuel brands. [P579840]\n\nMontana/Renewables includes Montana Renewables, which processes renewable feedstocks into renewable diesel, sustainable aviation fuel and renewable naphtha, and Montana specialty asphalt, which processes Canadian crude into gasoline, diesel, jet fuel and specialty asphalt. Corporate covers shared and enterprise functions and reported no external-customer sales. [P579840][T12560119]\n[P579840][T12560119]", "updatedAt": "2026-10-03T22:18:40.902058Z" }, { "type": "HISTORY", "text": "Calumet traces its operating history to 1916, when it says the business began producing naphthenic specialty oils; its published history does not identify the founders. In 1990, Bill Grube and John Hofer purchased Calumet Refinery. The refinery footprint later expanded through acquisitions including Cotton Valley in 1995 and Shreveport in 2001. [https://calumet.investorroom.com/corporate-profile][https://calumet.com/wp-content/uploads/2021/07/Calumet-Corporate-Media-Kit.pdf][T1750672]\n\nCalumet Specialty Products Partners, L.P. was formed in 2005 and entered the public market in 2006. It expanded its specialty-products business through the 2008 acquisition of Penreco, the 2012 acquisition of Royal Purple, and the 2013 acquisition of Bel-Ray. The partnership also acquired San Antonio refinery assets in 2013, then sold the refinery and related assets effective November 1, 2019. [https://www.sec.gov/Archives/edgar/data/1340122/000134012224000015/clmt-20231231x10k.htm][https://calumet.investorroom.com/2006-06-26-Calumet-Specialty-Products-Partners-L-P-Announces-Public-Offering-of-Common-Units][https://calumet.investorroom.com/2008-01-04-Calumet-Specialty-Products-Partners-L-P-Closes-on-Acquisition-of-Penreco][https://calumet.investorroom.com/2012-07-03-Calumet-Specialty-Products-Partners-L-P-Completes-Acquisition-of-Royal-Purple-Inc][https://calumet.investorroom.com/2013-12-10-Calumet-Specialty-Products-Partners-L-P-Acquires-Bel-Ray-Company-Inc][https://www.sec.gov/Archives/edgar/data/1340122/000121390019022745/f8k110819ex99-1_calumet.htm]\n\nIn 2021, Calumet established Montana Renewables, expanding into renewable fuels. On July 10, 2024, the publicly traded partnership converted into Calumet, Inc., a Delaware corporation: partnership units were exchanged for shares of the new parent, and the partnership continued as its subsidiary. [https://calumet.com/calumet-specialty-products-partners-l-p-announces-strategic-transactions-in-its-renewable-diesel-business/][P36414540]\n[T1750672][P36414540][https://calumet.investorroom.com/corporate-profile][https://calumet.com/wp-content/uploads/2021/07/Calumet-Corporate-Media-Kit.pdf][https://www.sec.gov/Archives/edgar/data/1340122/000134012224000015/clmt-20231231x10k.htm][https://calumet.investorroom.com/2006-06-26-Calumet-Specialty-Products-Partners-L-P-Announces-Public-Offering-of-Common-Units][https://calumet.investorroom.com/2008-01-04-Calumet-Specialty-Products-Partners-L-P-Closes-on-Acquisition-of-Penreco][https://calumet.investorroom.com/2012-07-03-Calumet-Specialty-Products-Partners-L-P-Completes-Acquisition-of-Royal-Purple-Inc][https://calumet.investorroom.com/2013-12-10-Calumet-Specialty-Products-Partners-L-P-Acquires-Bel-Ray-Company-Inc][https://www.sec.gov/Archives/edgar/data/1340122/000121390019022745/f8k110819ex99-1_calumet.htm][https://calumet.com/calumet-specialty-products-partners-l-p-announces-strategic-transactions-in-its-renewable-diesel-business/]", 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