Filing Flows › Calumet (CLMT) › Q2 2026
Calumet (CLMT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Calumet (CLMT) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +41% from a year earlier and +40% from the quarter before. Operating margin was -2.8%, net loss $95.9M (6.6% of revenue).
Calumet, Q2 2026: revenue $1.4B (+41% year over year), operating margin -2.8%, net loss $95.9M, operating cash flow $92.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +40% | +41% |
| Operating profit | −$40.0M | — | — |
| Net earnings | −$95.9M | — | — |
| Operating cash flow | $92.3M | — | — |
| Free cash flow | $54.0M | — | — |
What changed
Revenue was $1.4B in Q2 2026, up 41% year over year and up 40% from the previous quarter.
Gross margin was 1.3%. Operating costs exceeded revenue by $0.04B, an operating margin of -2.8%. The fastest-growing cost line was Other operating costs (+32%). The quarter ended with a net loss of $0.10B, narrower than the previous quarter's $0.32B loss. Net interest and other expense of $0.08B was the main reason.
Operating cash flow was $0.09B. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.04B left free cash flow of $0.05B.
Questions
What was Calumet's revenue in the second quarter 2026?
Calumet (CLMT) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +41% from a year earlier and +40% from the quarter before.
Was Calumet profitable in the second quarter 2026?
Operating loss was $40.0M (-2.8% of revenue) and net loss $95.9M.
Source: Calumet 10-Q on SEC EDGAR.