X0202 SCHEDULE 13G/A 0001386929 XXXXXXXX LIVE 2 Common Stock 01/16/2026 0002013745 Calumet, Inc. /DE 131428104 1060 N CAPITOL AVE SUITE 6-401 INDIANAPOLIS IN 46204 Rule 13d-1(b) Adams Asset Advisors, LLC TX 2809156.00 1252232.00 4061388.00 0.00 4061388.00 4.7 IA Calumet, Inc. /DE 1060 N CAPITOL AVE, SUITE 6-401, INDIANAPOLIS, INDIANA, 46204 Adams Asset Advisors, LLC 10670 N Central Expwy #470 Dallas, Texas 75231 Dallas, Texas USA N IA 4061388 4.68 2809156 1252232 4061388 0 Y N Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Adams Asset Advisors, LLC Steven Adams 04/02/2026