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Calumet posts strong quarter, beats forecasts, and plans rapid debt paydown with $500M cash flow

Company Fundamentals
12 Aug 2026
Seeking Alpha
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Bullish
Calumet posts strong quarter, beats forecasts, and plans rapid debt paydown with $500M cash flow

Calumet reported a strong quarterly performance, surpassing analyst expectations and confirming a successful operational turnaround. The company revised its SAF expansion plan to leverage existing assets, aiming to reach 200 million gallons by the end of 2028 with lower capital costs. Strong cash flow generation supports a $500 million target to pay down key debts quickly and fund future growth projects. The outlook remains positive with anticipated annual free cash flow between $800 million and $1 billion, and cash flow per share exceeding $10.

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