Calumet, Inc. has increased its asset-based loan facility by $100 million, raising total commitments to $600 million, with the maturity date set for January 2031. This adjustment aligns with higher market prices and receivables, strengthening Calumet's liquidity to support working capital amid commodity price fluctuations. Additionally, Montana Renewables, a Calumet subsidiary, received a final $34 million draw under its amended Loan Guarantee Agreement with the U.S. Department of Energy, supporting the MaxSAF® expansion project. The project capital was reduced to $137 million from the original $1.2 billion plan by repurposing equipment, enabling quicker payback steps.
Calumet's credit facility update provides context for energy sector trading. For readers following energy stocks, here is Pluang's market snapshot as of Sep 15, 2026 03:02 WIB: Out of 30 priced Energy-sector US stocks, 7 rose and 23 fell. Notable movers include IREN at USD 43.36 (-1.07%), EOG at USD 148.80 (+0.98%), and ENB at USD 48.16 (+0.84%).
Morgan Stanley analyst Bob Huang lowered American International Group's (AIG) price target to $80 from $81, with the stock trading around $76, indicating potential upside. AIG is set to report its Q3 2026 earnings on November 3, with investors focuse...
Vertiv Holdings, a maker of power and cooling equipment for data centers, faces mixed analyst opinions with GLJ Research rating it a "Sell" and BMO Capital giving an "Outperform" rating. Despite a recent stock pullback, the company reported a 241% in...
Apogee Enterprises reported strong fiscal Q2 results with adjusted earnings of $1.17 per share, nearly double the estimated $0.59, and revenue of $391.14 million, surpassing expectations of $362.6 million. This marks a continued trend of beating esti...
McKesson received a bullish price target of $977 from Morgan Stanley, suggesting a 6.7% upside from its current price of $915.45. The company agreed to acquire Option Care Health for $32.05 per share, valuing the deal at approximately $5.8 billion in...
Ameriprise Financial has authorized an additional $5.5 billion for share repurchases through September 2028, supported by $2.1 billion in excess capital and $2.8 billion in liquidity. The company returned $1.9 billion to shareholders in H1 2026, incl...
