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Calumet Reports Second Quarter 2026 Results

Corporate EarningsESG & Climate PolicyCompany FundamentalsRegulation & Legislation

Montana Renewables reported Q2 2026 a net loss of $95.9 million (EPS: -$1.09), driven by non-cash RINs and other mark-to-market items. The company also posted Adjusted EBITDA (with tax attributes) of $175.2 million, indicating underlying operating profitability despite accounting volatility. The news also notes completion of the first phase of its MaxSAF® 150 initiative.

Analysis

Montana Renewables reported Q2 2026 a net loss of $95.9 million (EPS: -$1.09), driven by non-cash RINs and other mark-to-market items. The company also posted Adjusted EBITDA (with tax attributes) of $175.2 million, indicating underlying operating profitability despite accounting volatility. The news also notes completion of the first phase of its MaxSAF® 150 initiative.

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