PITTSBURGH, April 29, 2025 (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 Friday, May 9, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The Company will issue a press release reporting the financial results after the close of regular s ...

PITTSBURGH, April 15, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ:MNTK) ("Montauk" or the "Company"), announced today that the Company's Board of Directors has authorized a share repurchase program to repurchase up to $5,000,000 of the Company's issued and outstanding common stock, effective immediately with no date for termination. Repurchases under the program may be made through open market transactions, privately negotiated transactions or otherwise in accordance with applicable federal se ...

PITTSBURGH, April 10, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK) announces that its subsidiary, Tulsa LFG, LLC broke ground on a Renewable Natural Gas ("RNG") landfill gas project at the American Environmental Landfill, Inc. ("AEL") in Tulsa, Oklahoma in a ceremony on Wednesday, April 9, 2025 (the "Project"). The Project is accompanied by an extension of its existing gas rights and lease agreement with the landfill host, American Environmental Landfill, Inc. ...

Financial Performance - Total revenues for 2024 were $175.7 million, flat compared to $174.9 million in 2023[4] - Net income for 2024 was $9.7 million, a decrease of 34.9% year over year[5] - Non-GAAP Adjusted EBITDA for 2024 was $42.6 million, down 8.3% from the previous year[4] - Operating income decreased to $16,123 in 2024 from $23,640 in 2023, a decline of 31.8%[19] - Net income for 2024 was $9,734, down 35% from $14,948 in 2023[19] - Adjusted EBITDA for 2024 was $42,616, down from $46,451 in 2023, a decrease of 8.0%[24] Revenue Sources - RNG revenues for 2025 are expected to range between $150 million and $170 million[9] - Renewable Electricity revenues for 2025 are projected to range between $17.0 million and $18.0 million[9] - Total operating revenues for 2024 increased to $175,736, up from $174,904 in 2023, representing a growth of 0.47%[19] Production and Sales - RNG production in 2024 was 5.6 million MMBtu, an increase of 1.6% compared to 5.5 million MMBtu in 2023[6] - RINs sold in 2024 totaled 36.6 million, a decrease of 8.3 million or 18.5% year over year[4] - Unsold RINs as of December 31, 2024, were 6.8 million, an increase of 6.7 million year over year[4] - Average realized RIN price in 2024 was $3.28, up approximately 21.0% from $2.71 in 2023[4] Expenses and Assets - Operating and maintenance expenses for RNG facilities in 2024 were $53.4 million, an increase of 11.5% compared to $47.9 million in 2023[4] - Total current assets decreased to $57,224 in 2024 from $90,175 in 2023, a reduction of 36.5%[17] - Cash and cash equivalents at the end of 2024 were $45,621, down from $73,811 in 2023, a decrease of 38.1%[21] - Capital expenditures for 2024 were $62,323, slightly lower than $63,091 in 2023[21] Liabilities and Debt - Total liabilities decreased to $91,598 in 2024 from $99,999 in 2023, a decline of 8.4%[17] - The current portion of long-term debt increased to $11,853 in 2024 from $7,886 in 2023, an increase of 50.5%[17] Shareholder Information - The company reported a total of 142,279,079 basic weighted-average common shares outstanding for 2024, compared to 141,727,905 in 2023[19]

Revenue Sources - Approximately 69.1% and 68.4% of operating revenues for the years ended December 31, 2024 and 2023, respectively, were derived from five project sites[139]. - RNG production at the Atascocita, Rumpke, McCarty, and Galveston facilities accounted for approximately 20.3%, 18.9%, 16.4%, and 11.0% of RNG revenues in 2024, respectively[139]. - Renewable Electricity production at the Bowerman facility accounted for approximately 92.2% of Renewable Electricity Generation revenues in 2024[139]. - 74% and 76% of the company's operating revenues for 2024 and 2023, respectively, were generated from the sale of Environmental Attributes[177]. - The RNG segment is the primary revenue driver, with sales of captured gas and Renewable Identification Numbers (RINs) being key components of revenue generation[410]. Financial Performance - Total operating revenues for 2024 were $175,736,000, a slight increase from $174,904,000 in 2023[398]. - Operating income decreased to $16,123,000 in 2024 from $23,640,000 in 2023, representing a decline of approximately 31.8%[398]. - Net income for 2024 was $9,734,000, down from $14,948,000 in 2023, reflecting a decrease of about 34.5%[398]. - Total current assets decreased to $57,224,000 in 2024 from $90,175,000 in 2023, a decline of approximately 36.5%[396]. - Total liabilities decreased to $91,598,000 in 2024 from $99,999,000 in 2023, a reduction of about 8.4%[396]. - Stockholders' equity increased to $257,417,000 in 2024 from $250,239,000 in 2023, an increase of approximately 2.9%[396]. - Basic income per share for 2024 was $0.07, down from $0.11 in 2023, a decrease of about 36.4%[398]. - Operating and maintenance expenses rose to $66,663,000 in 2024 from $59,762,000 in 2023, an increase of approximately 11.8%[398]. - The company reported an impairment loss of $1,586,000 in 2024, compared to $902,000 in 2023, indicating a significant increase in impairment[398]. - Net cash provided by operating activities increased to $43,795,000 in 2024 from $41,053,000 in 2023, reflecting a growth of 6.7%[404]. - Capital expenditures for 2024 were $62,323,000, slightly down from $63,091,000 in 2023[404]. - Cash paid for interest decreased to $4,300,000 in 2024 from $5,003,000 in 2023, a reduction of 14.0%[406]. Competition and Market Risks - The company faces intense competition in the renewable energy and waste-to-energy markets from various other companies[144]. - The company faces significant competition from larger competitors with more resources, which may hinder its ability to maintain or expand its business[145]. - Strategic partners may choose to manage biogas recovery independently, increasing competition and potentially limiting project viability[146]. - Long-term contracts for power sales are essential for success, but intense competition has led to downward pressure on pricing for Power Purchase Agreements (PPAs)[151]. - The company relies on technological innovation to maintain a competitive edge, but lacks exclusive rights to key technologies, exposing it to risks from competitors[147]. Regulatory and Environmental Challenges - Regulatory changes and market conditions could adversely affect the demand for renewable energy and the financial performance of projects[154]. - The company may face delays in obtaining necessary regulatory permits, which could impact project timelines and revenue generation[178]. - The company is required to register RNG projects with the EPA to generate Environmental Attributes, which involves a lengthy qualification process[197]. - Negative attitudes towards renewable energy from government and activists may hinder business operations and financial results[187]. - The EPA's recent regulations, including the 2024 Power Plant GHG Rule, could impact the company's ability to operate and construct renewable energy projects[189]. - Legal challenges and opposition from local populations may impede the company's ability to obtain necessary permits for renewable energy plants[192]. - Changes in regulations and policies could present barriers to the generation and use of renewable energy, potentially reducing demand for related credits[196]. Operational Risks - Severe weather events impacted production levels, resulting in fewer MMBTu and MWh produced in Q3 2023 compared to Q3 2022 due to dry weather and higher temperatures[137]. - The company is exposed to risks from production interruptions due to geographic concentration, with several projects located within 20 miles of each other near Houston, Texas[140]. - The company may experience delays and cost overruns in converting existing facilities to RNG production, impacting financial results[157]. - Extreme weather patterns and climate change could lead to operational disruptions and increased costs for the company[198]. - Cybersecurity threats pose risks to the company's IT infrastructure, potentially leading to operational disruptions and financial losses[204]. - Previous cyberattacks have not materially affected the company, but future incidents could have significant adverse effects on business and financial results[205]. Strategic Growth and Acquisitions - Future acquisitions and strategic relationships are crucial for growth, but the company may face challenges in identifying suitable candidates and securing financing[168]. - The company plans to expand its business through RNG recovery projects at landfills and livestock farms, but may struggle to identify suitable locations[164]. - The dairy farm project produces significantly less RNG than landfill facilities, making it more dependent on LCFS credits for commercial viability[165]. - The development cycle for new projects typically lasts 18 to 36 months, requiring significant resource commitments with no guaranteed success[163]. Financial Management and Capital Structure - The company is classified as an "emerging growth company," allowing it to take advantage of reduced reporting requirements[125]. - The company is required to maintain a fixed charge coverage ratio of at least 1.20 to 1.00 and a total leverage ratio of not more than 3.00 to 1.00 under the Amended Credit Agreement[216]. - The company expects to issue additional capital stock in the future, which may result in significant dilution of stockholders' ownership interests[230]. - The company may not be able to pay regular dividends on its common stock, as future payments will depend on various factors including earnings and financial condition[235]. - The company is exposed to credit risk due to reliance on a limited number of significant customers who do not post collateral[176]. - The company is exposed to credit risk due to concentration of RNG receivables with a limited number of significant customers, increasing the potential impact of customer insolvency on operations[383]. Accounting and Reporting - The company has adopted new accounting guidance in 2024 related to segment information disclosure, which was retrospectively applied to 2023 and 2022[390]. - The Company recognizes revenue from product sales when control is transferred, in accordance with ASC 606, with disclosures presented in Note 4[442]. - The Company accounts for equity-based compensation under ASC 718, recognizing costs over the requisite service period based on fair value[454]. - The Company evaluates long-lived assets for impairment whenever events indicate that the carrying amount may not be recoverable, as per ASC 360[438]. - The Company has recorded estimates for asset retirement obligations related to decommissioning and removal requirements for specific gas processing and distribution assets[441]. - The Company adopted ASU No. 2023-07 for segment reporting, effective for the Annual Report for the year ended December 31, 2024, enhancing disclosures about significant segment expenses[457]. - The Company assesses leases under ASU 2016-02, recognizing a right-of-use asset and lease liability for operating and finance leases[437]. - The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense, following ASC 740[444].

Investor Presentation FULL YEAR 2024 RESULTS MARCH 13, 2025 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 those relating to estimated and projected financial condition, results of operations, costs and expenditures and objectives for future operations, growth, initiatives and strategies. They also include those related to the Montauk Ag proje ...

PITTSBURGH, March 13, 2025 (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”), today announced financial results for the year ended December 31, 2024. Full Year Highlights: Revenues of $175.7 million, flat year over yearNet Income of $9.7 million, decreased 34.9% year over yearNon-GAAP Adjusted EBITDA of $42.6 million, decreased 8.3% year ove ...

Core Points - Montauk Renewables, Inc. will host a conference call and webcast on March 13, 2025, at 8:30 a.m. ET to discuss its financial results for the full year ended December 31, 2024 [1] - A press release reporting the financial results will be issued after the close of regular stock market trading hours on the day prior to the conference call [1] - The conference call will include a live Q&A session and will be available for replay after 11:30 a.m. ET on the same day through March 13, 2026 [3] Company Overview - Montauk Renewables, Inc. specializes in the management, recovery, and conversion of biogas into renewable natural gas (RNG) [4] - The company captures methane to prevent its release into the atmosphere and converts it into RNG or electrical power for the grid [4] - Headquartered in Pittsburgh, Pennsylvania, Montauk has over 30 years of experience in developing and managing landfill methane-fueled renewable energy projects [4] - The company operates 13 projects and has ongoing developments in multiple states including California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas [4] - Montauk sells RNG and Renewable Electricity, benefiting from Environmental Attribute premiums under federal and state policies [4]

Montauk Renewables (NASDAQ: MNTK ) is one of the largest producers of Renewable Natural Gas (RNG) in the US, with an expected annual output between 5.5 and 5.7 million MMBtu for FY24. According toPrivate investors and former financial advisor specializing in researching growth companies. Articles published will cover both American and European companies up to a maximum capitalization of $15B and will be done with a fundamental analysis focus. The page is intended to focus on small companies with high growth ...

Core Insights - Montauk Renewables (MNTK) reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, and showing an increase from $0.09 per share a year ago, resulting in a 50% earnings surprise [1] - The company generated revenues of $65.92 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.58% and up from $55.69 million year-over-year [2] - Montauk Renewables shares have declined approximately 40.6% year-to-date, contrasting with the S&P 500's gain of 25.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $66.2 million, and for the current fiscal year, it is $0.19 on revenues of $209.59 million [7] - The estimate revisions trend for Montauk Renewables is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Alternative Energy - Other industry, to which Montauk Renewables belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Fluence Energy, Inc. (FLNC), is expected to report quarterly earnings of $0.23 per share, reflecting a significant year-over-year increase of 1050% [9]