---
title: "Calumet releases transcript of Q2 2026 earnings call"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295552162.md"
description: "Calumet reported Q2 2026 Adjusted EBITDA of $175 million, with leverage falling below 4x. The company called $100M in notes and repurchased a leaseback for $115M. Montana Renewables posted $17M EBITDA despite downtime. MaxSAF expansion plans shifted to a lower-cost reconfiguration at Great Falls, targeting 120-150M gallons by spring 2027."
datetime: "2026-08-11T14:39:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295552162.md)
  - [en](https://longbridge.com/en/news/295552162.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295552162.md)
generator: "portal-rs"
---

# Calumet releases transcript of Q2 2026 earnings call

-   Calumet’s Aug. 7 second-quarter 2026 earnings call drew CEO Todd Borgmann, CFO David Lunin, EVP Bruce Fleming, President Scott Obermeyer, IR’s John Kompa. \* Adjusted EBITDA with Tax Attributes reached $175 million; restricted group leverage fell below 4x; management targeted below 3x next quarter. \* Debt actions included calling $100 million of 2028 mirror notes; termination of a CMR truck rack sale-leaseback via a $115 million repurchase. \* Montana Renewables posted $17 million of Adjusted EBITDA with Tax Attributes despite April and part of May downtime; index margins cited near $2.6 per gallon. \* MaxSAF expansion plans shifted to a lower-cost reconfiguration using a second reactor already at Great Falls; 120-150 million gallons SAF by spring 2027, about 200 million by 2028. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calumet Inc. published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**