Filing Flows › Calumet (CLMT) › Q1 2025
Calumet (CLMT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Calumet (CLMT) reported revenue of $994M for the first quarter 2025 (Q1 2025), -1% from a year earlier and +5% from the quarter before. Operating margin was -4.9%, net loss $162M (16.3% of revenue).
Calumet, Q1 2025: revenue $994M (-1% year over year), operating margin -4.9%, net loss $162M, operating cash flow −$29.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $994M | +5% | -1% |
| Operating profit | −$48.7M | — | — |
| Net earnings | −$162M | — | — |
| Operating cash flow | −$29.3M | — | — |
What changed
Revenue was $993.9M in Q1 2025, down 1% year over year and up 5% from the previous quarter.
Operating costs exceeded revenue by $48.7M, an operating margin of -4.9%. The fastest-growing cost line was Other operating costs (+19481%). The quarter ended with a net loss of $162.0M, wider than the previous quarter's $40.7M loss. Net interest and other expense of $112.9M was the main reason.
Operating cash flow was −$29.3M. Non-cash charges added back $37.0M of depreciation and amortization. Working capital and other items added $95.7M. Capital expenditures of $20.4M exceeded it, leaving free cash flow of −$49.7M.
Questions
What was Calumet's revenue in the first quarter 2025?
Calumet (CLMT) reported revenue of $994M for the first quarter 2025 (Q1 2025), -1% from a year earlier and +5% from the quarter before.
Was Calumet profitable in the first quarter 2025?
Operating loss was $48.7M (-4.9% of revenue) and net loss $162M.
Source: Calumet 10-Q on SEC EDGAR.