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flag Calumet beat Q3 2025 earnings estimates despite a stock dip, citing stronger margins, production, and demand.

flag Calumet (CLMT) reported third-quarter 2025 earnings that beat expectations, with a loss of $0.21 per share compared to a projected $0.30 loss, and revenue of $1.08 billion, slightly above the $1.06 billion forecast. flag The company cited improved refining margins, higher production, and cost management for the better-than-expected results, driven by strong demand in lubricants and performance chemicals. flag Despite the positive earnings report, the stock dipped to $19.19 amid heavy trading volume. flag Calumet maintained its full-year guidance, reaffirming its outlook for operational efficiency and capital discipline, while continuing investments in sustainability and infrastructure.

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