INDIANAPOLIS, April 2, 2026 /PRNewswire/ -- Calumet, Inc. (NASDAQ: CLMT) ("Calumet" or the "Company") announced today an operational update for the first quarter of 2026.
Shreveport Maintenance
Late in the first quarter, our Shreveport facility required unplanned maintenance after discovering the presence of organic chlorides1 in our feedstock tanks. Operations across significant portions of the facility were temporarily suspended to protect our employees and equipment. This outage resulted in a loss of approximately 750,000 barrels of production, and the Company, assisted by third party experts, are conducting an investigation as to the source of organic chlorides. After extensive product testing, asset inspection, and equipment repairs, the Shreveport facility is back fully operational and processing over 50,000 barrels per day of feedstock.
Montana Renewables Expansion
As previously disclosed, Montana Renewables (MRL) planned shutdown for its MaxSAF® expansion and additional turnaround activities began the week of March 2nd and is expected to last approximately 48 days. The project is more than 70% complete and is currently on time and budget.
About Calumet
Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements and information in this press release may constitute "forward-looking statements." The words "believe," "expect," "anticipate," "plan," "intend," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us and include those related to future growth and governance of the Company. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Important factors that could cause actual results to differ materially from those in the forward-looking statements include actions by shareholders or nominees, market conditions, regulatory changes, and factors discussed in our filings with Securities and Exchange Commission, including our latest Annual Report on Form 10-K and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
1 | * Organic chlorides are non-native contaminants to crude oil that, when exposed to high temperatures, can drive severe corrosion, fouling, and catalyst damage. | |||||
SOURCE Calumet, Inc.
