Calumet, Inc. (CLMT) Q1 2025 Earnings Call Transcript

Calumet, Inc. (NASDAQ:CLMT) Q1 2025 Earnings Conference Call May 9, 2025 9:00 AM ET

Company Participants

John Kompa - Investor Relations
Todd Borgmann - Chief Executive Officer
David Lunin - Executive Vice President and Chief Financial Officer
Bruce Fleming - Executive Vice President, Montana Renewables and Corporate Development
Scott Obermeier - Executive Vice President, Specialists

Conference Call Participants

Neil Mehta - Goldman Sachs
Amit Dayal - H.C. Wainwright
Jason Gabelman - TD Cowen
Gregg Brody - Bank of America

Operator

Good day, and welcome to the Calumet, Inc. First Quarter 2025 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to John Kompa, Investor Relations for Calumet. Please go ahead.

John Kompa

Thanks, Debbie. Good morning, everyone, and thank you for joining our call today. With me on today’s call are Todd Borgmann, CEO; David Lunin, EVP and Chief Financial Officer; Bruce Fleming, EVP, Montana Renewables and Corporate Development; and Scott Obermeier, EVP Specialties. You may now download the slides that accompany the remarks made on today’s conference call, which can be accessed in the Investor Relations section of our website at calumet.com.

Also, a webcast replay of this call will be available on our site within a few hours. Turning to the presentation, on slide two, you can find our cautionary statements. I’d like to remind everyone that during this call, we may provide various forward-looking statements. Please refer to our press release that was issued this morning, as well as our latest filings with the SEC for a list of factors that may affect our actual results and cause them to differ from our expectations.

As we