Core Insights - Montauk Renewables, Inc. reported strong financial results for Q3 2024, with significant increases in revenues and net income compared to the same period in 2023 [1][2][3] Financial Performance - Total revenues for Q3 2024 were $65.9 million, an increase of $10.2 million (18.4%) from $55.7 million in Q3 2023 [2] - Net income for Q3 2024 was $17.0 million, up $4.1 million (31.8%) from $12.9 million in Q3 2023 [2] - Non-GAAP Adjusted EBITDA reached $29.4 million, reflecting a 31.3% increase compared to Q3 2023 [1] - RINs sold amounted to 15.8 million, a 14.5% increase from the previous year [1] Operational Highlights - RNG production was stable at 1.4 million MMBtu, unchanged from Q3 2023, but impacted by Hurricane Beryl, which caused an estimated production loss of 50 thousand MMBtu [1][3] - The Pico facility saw an increase in production by 27 thousand MMBtu due to a digestion expansion project [3] - Renewable Electricity production decreased to approximately 41 thousand MWh, down 7 thousand MWh from Q3 2023 [3] Future Outlook - The company expects RNG revenues for the full year 2024 to range between $175 million and $185 million, with production volumes projected between 5.5 and 5.7 million MMBtu [4] - Renewable Electricity revenues are anticipated to be between $17 million and $18 million, with production volumes expected to be between 180 and 185 thousand MWh [4] - Delays in landfill host installations may impact future production increases, with expectations for these trends to continue into 2025 [4] Environmental Initiatives - Montauk was selected for a pilot project to recover and convert biogas into green methanol, aiming to create carbon-negative fuel [1] - The company is committed to reducing landfill-based emissions and enhancing its environmental sustainability efforts [1]

PITTSBURGH, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company will issue a press release reporting the financial results after the close of ...

MONTAUK RENEWABLES, INC. Incorporated in the United States of America Company number: 85-3189583 NASDAQ share code: MNTK JSE share code: MKR ISIN: US61218C1036 ("Montauk Renewables" or the "Company") UNAUDITED CONSOLIDATED RESULTS For the six months ended 30 June 2024 Dollar amounts presented herein are in United States Dollars | --- | --- | --- | --- | --- | |-----------------------------------------------------|---------|-------------------------------------|---------------------------------------|------- ...

Montauk Renewables, Inc. (NASDAQ:MNTK) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants John Ciroli – Chief Legal Officer and Secretary Sean McClain – President and Chief Executive Officer Kevin Van Asdalan – Chief Financial Officer Conference Call Participants Matthew Blair – TPH Saumya Jain – UBS Paul Cheng – Scotiabank Operator Good afternoon, everyone, and thank you for participating in today’s conference call. I would like to turn the call over to Mr. John Ciroli as he pr ...

Investor Presentation SECOND QUARTER 2024 RESULTS AUGUST 8, 2024 Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information This presentation contains "forward-looking statements" within the meaning of U.S. federal securities laws. Such statements include, among others, those we make relating to our estimated and projected financial condition, results of operations, costs and expenditures and objectives for future operations, growth, initiatives and strategies. They also include those ...

Montauk Renewables (MNTK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.06. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -116.67%. A quarter ago, it was expected that this renewable energy company would post a loss of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of 150%. Over the last four quarters, the com ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39919 MONTAUK RENEWABLES, INC. (Exact name of registrant as specified in its charter) Delaware 85-3189583 (Sta ...

Please register for the conference call and webcast using the above link in advance of the call start time. The webcast platform will register your name and organization as well as provide dial-in numbers and a unique access pin. Please contact Gateway Group at (949) 574-3860 if you experience technical difficulties. About Montauk Renewables, Inc. Investor Relations Contact: | --- | --- | |---------------------|------------------------------------------------------------------------------------| | Date: | S ...

Montauk Renewables, Inc. (NASDAQ:MNTK) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants John Ciroli - Chief Legal Officer & Secretary Sean McClain - Chief Executive Officer & President Kevin Van Asdalan - Chief Financial Officer Conference Call Participants Paul Cheng - Scotiabank Saumya - from UBS Matthew Blair - Tudor, Pickering, Holt & Company Operator Good afternoon, everyone, and thank you for participating in today's conference call. I would like to turn the call over to Mr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 For the transition period from to Commission File Number: 001-39919 MONTAUK RENEWABLES, INC. (Exact name of registrant as specified in its charter) Delaware 85-3189583 (IRS Employer Identification No.) (State or Other Jurisdiction of Incorporation or Organization) ...