Calumet, Inc. (CLMT) company profile
Close on Nov 13, 2026Market cap $3.01BP/E –Yield –
About Calumet
Petroleum Refining, SIC 2911
Calumet, Inc. produces and distributes specialty hydrocarbon products, performance brand formulations, and renewable fuels. The company operates through three principal business segments: Specialty Products and Solutions, Performance Brands, and Montana Renewables. Its product line encompasses lubricating oils, solvents, waxes, and specialized chemicals alongside conventional and renewable energy offerings such as renewable fuels, gasoline, diesel, jet fuel, asphalt, and heavy fuel oils for commercial and industrial clients.
The company conducts operations across North America, maintaining manufacturing, refining, and terminal facilities within the United States, including key facilities in Montana and Shreveport. In addition to serving domestic accounts across multiple states, Calumet delivers its products internationally, with noted operations extending into Canada. Corporate administration and legal formation are established under Delaware jurisdiction in the United States.
Summary of the business section of Calumet's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Calumet, Inc.
- Headquarters
- Indianapolis, IN
- Address
- 1060 N Capitol Ave, Suite 6-401 46204
- Phone
- (317) 328-5660
- Website
- calumet.com
- Employees
- 1,540, Dec 31, 2025
- Industry
- Petroleum Refining
- Fiscal year ends
- December 31
- Auditor
- Ernst& Young LLP, Indianapolis, Indiana
Stock & identifiers
- Ticker
- CLMT
- Exchange
- Nasdaq
- IPO date
- Jan 26, 2006
- Shares outstanding
- 88M, Aug 7, 2026
- Public float
- $1.40B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 2013745
- CUSIP
- 131428104
- ISIN
- US1314281049
- FIGI
- BBG01NQ82GB2
- Share class FIGI
- BBG01NQ82GC1
- LEI
- 529900E014J6I18H3V27
- EIN
- 36-5098520
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David Lunin | EVP - CFO | 14,546 |
| Gregory J. Morical | SVP, GENERAL COUNSEL | 78,505 |
| Bruce A. Fleming | EVP - MONTANA RENEWABLES | 657,391 |
| Louis Todd Borgmann | CHIEF EXECUTIVE OFFICER | 371,170 |
| John Robert Krutz | Chief Accounting Officer | 550 |
| Scott Obermeier | EVP - SPECIALTIES | 237,656 |
| Vincent Donargo | Chief Accounting Officer | 14,005 |
| Stephen P. Mawer | Director | 348,410 |
| Paul C. Raymond | Director | 31,800 |
| Amy M. Schumacher | Director | 258,160 |
| John G. Boss | Director | 33,033 |
| Julio M. Quintana | Director | 7,067 |
| Karen A. Twitchell | Director | 13,389 |
| Daniel J. Sajkowski | Director | 81,958 |
| Karen G. Narwold | Director | 7,067 |
| Bradford Timothy Sanders | Director | – |
| Jennifer Straumins | Director | 943,438 |
| James S. Carter | Director | 394,632 |
| Daniel L. Sheets | Director | 26,824 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr Borgmann | $6.80M | $6.99M | $1.77M | $151 | $79 |
| FY2025 Mr Mawer | $0 | $0 | $1.77M | $151 | $79 |
| FY2024 Mr Borgmann | $1.43M | $2.56M | $877.01K | $167 | $91 |
| FY2024 Mr Mawer | $0 | $0 | $877.01K | $167 | $91 |
| FY2023 Mr Borgmann | $2.50M | $3.70M | $1.29M | $135 | $99 |
| FY2023 Mr Mawer | $0 | $0 | $1.29M | $135 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Todd Borgmann President & Chief Executive Officer | $950.00K | $4.46M | $1.29M | $106.65K | $6.80M | +376% |
| David Lunin Executive Vice President - Chief Financial Officer | $491.86K | $799.83K | $595.88K | $21.07K | $1.91M | +54% |
| Bruce Fleming Executive Vice President - Montana Renewables & Corporate Strategy | $532.48K | $748.78K | $468.42K | $177.55K | $1.93M | +97% |
| Scott Obermeier President - Specialties | $492.85K | $785.79K | $639.45K | $20.48K | $1.94M | +169% |
| Gregory Morical Senior Vice President, General Counsel & Secretary | $415.53K | $491.62K | $359.96K | $34.28K | $1.30M | +129% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Jan 26, 2006
- Exchange
- Nasdaq
- First trading day
- Jan 26, 2006
- First-day close
- $21.75
- Lock-up ends (est.)
- Jul 25, 2006
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of February 27, 2026, the Company employed approximately 1,540 people who provide direct support to our operations.”
Corporate history
Events identified from SEC filings
See a number that looks wrong?