Montauk Renewables Announces Second Quarter 2025 Results

Core Insights - Montauk Renewables, Inc. reported financial results for Q2 2025, highlighting a successful construction of a new RNG processing facility and a power purchase agreement for its project in North Carolina [1][3][4] Financial Performance - Total revenues for Q2 2025 were $45.1 million, a 4.1% increase from $43.3 million in Q2 2024 [3][4] - Average realized RIN price decreased by 22.4% to $2.42 from $3.12 in Q2 2024 [3][4] - Operating loss for Q2 2025 was $2.4 million, a decrease of $3.2 million compared to an operating income of $0.8 million in Q2 2024 [5][3] - Net loss for Q2 2025 was $5.5 million, an increase of $4.8 million from a loss of $0.7 million in Q2 2024 [5][3] Operational Highlights - RNG production remained flat at 1.4 million MMBtu compared to Q2 2024 [4][6] - RINs sold increased by 10.5% year-over-year to 11.1 million [4] - Renewable Electricity generation decreased to approximately 42 thousand MWh, down from 45 thousand MWh in Q2 2024 [6] Strategic Developments - The company formed a joint venture, GreenWave Energy Partners, LLC, aimed at enhancing RNG utilization for transportation [1] - A power purchase agreement was signed for the Montauk Ag Renewables project, covering 100% of the electricity produced for a term of 10 years at an average price of $48/MWh [1][3] Outlook - The company reaffirmed its full-year outlook for 2025, expecting RNG revenues between $150 million and $170 million and production volumes between 5.8 million and 6.0 million MMBtu [11]