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StocksMedium•7 July 2026•

1 min read

Calumet Specialty EBITDA Set to Surge on Sustainable Aviation Fuel Growth

Key Facts

1Calumet Specialty Products EBITDA for the June quarter is projected to reach $235–$280 million, significantly exceeding prior performance.

2Montana Renewables (MRL) is expected to contribute over $50 million in EBITDA this quarter due to SAF capacity expansion.

Amid the global shift toward clean energy solutions, Calumet Specialty Products is emerging as a key player with projections of record growth in its quarterly earnings. The company's EBITDA for the June quarter is expected to range between $235 million and $280 million, significantly exceeding prior performance. This optimism is primarily driven by the expansion of sustainable aviation fuel (SAF) production and robust crack spreads.

This strong performance reflects the success of the Montana Renewables (MRL) project, which is expected to contribute over $50 million to quarterly EBITDA following capacity expansions. Compared to renewable energy peers like Neste, a global leader in SAF, Calumet is demonstrating an increased ability to reduce costs and capitalize on favorable crude price trends, leading to a "strong buy" analyst rating per Seeking Alpha reports.

While updated price levels for CLMT were unavailable at the recent close, the outlook remains bullish as the company scales high-margin production. Investors are closely monitoring energy market catalysts, including the U.S. API Crude Oil Stock Change reported on June 30, 2026, which showed a drawdown of 6.072 million barrels, potentially impacting feedstock dynamics and production costs in the coming period.