Calumet Reports Second Quarter 2026 Results

* Second Quarter 2026 net loss of $(95.9) million, or basic earnings per common share of $(1.09), driven by non-cash RINs and other mark-to-market items * Second Quarter 2026 Adjusted EBITDA with Tax Attributes of $175.2 million * Montana Renewables completes first phase of MaxSAF(® )150 expansion; now capturing robust renewable margins * Accelerated deleveraging continues with $115 million of debt retirement in July * Integrated specialties platform, favorable margin environment, and strong operational execution drive exceptional Specialty Products & Solutions results INDIANAPOLIS, Aug. 7, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) (the "Company," "Calumet," "we," "our" or "us") today reported its results for the second quarter ended June 30, 2026, as follows:

Three Months Ended June 30,Six Months Ended June 30, 2026202520262025 (In millions, except share data) Net income (loss)$ (95.9)$ (147.9)$ (412.9)$ (309.9) Basic earnings per common share$ (1.09)$ (1.70)$ (4.73)$ (3.58) Adjusted EBITDA$ 159.3$ 55.1$ 186.9$ 93.2 Adjusted EBITDA with Tax Attributes$ 175.2$ 76.5$ 225.3$ 131.5