Filing Flows › Calumet (CLMT) › Q1 2026
Calumet (CLMT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Calumet (CLMT) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -0.9% from the quarter before. Operating margin was -16.6%, net loss $317M (30.8% of revenue).
Calumet, Q1 2026: revenue $1.0B (+4% year over year), operating margin -16.6%, net loss $317M, operating cash flow −$86.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -0.9% | +4% |
| Operating profit | −$171M | — | — |
| Net earnings | −$317M | — | — |
| Operating cash flow | −$86.2M | -174% | — |
What changed
Revenue was $1.0B in Q1 2026, up 4% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $0.17B, an operating margin of -16.6%. Total costs grew 15% against revenue growth of 4%. The fastest-growing cost line was General & admin (+445%). The quarter ended with a net loss of $0.32B, wider than the previous quarter's $0.04B loss. Net interest and other expense of $0.17B was the main reason.
Operating cash flow was −$0.09B. Non-cash charges added back $0.03B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.16B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Calumet's revenue in the first quarter 2026?
Calumet (CLMT) reported revenue of $1.0B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -0.9% from the quarter before.
Was Calumet profitable in the first quarter 2026?
Operating loss was $171M (-16.6% of revenue) and net loss $317M.
Source: Calumet 10-Q on SEC EDGAR.