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Montauk Renewables Schedules First Quarter 2025 Conference Call for Friday, May 9, 2025, at 8:30 a.m. ET
Globenewswire· 2025-04-29 20:30
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 ...
生物天然气论坛聚焦“双碳”目标 多企共签2.16亿立方米战略采购协议
转自:新华财经 近日,由中国沼气学会主办,绿气新能源(北京)有限公司承办的"2025基于双碳目标下生物天然气发展论坛"在上海新国际博览中心落幕。此次论坛 以"双碳驱动 绿色燃气——开启生物天然气新时代"为主题,聚焦国家"双碳"战略目标,旨在推动生物天然气产业高质量发展,强化绿色能源体系的建 设。 在论坛主题报告环节,中石化新星(北京)新能源开发有限公司、绿气新能源(北京)有限公司董事长唐超发表了主题为《首创生物天然气"互联互通 气 证合一"交易模式》的报告。 论坛现场还举行了集中签约仪式。四川华盛能源发展集团有限公司作为战略投资方正式签署增资协议,将与绿气新能源(北京)有限公司现有股东方协同 发力,共同推动绿色燃气产业高质量发展。 值得关注的是,绿气新能源(北京)有限公司与上海石油天然气交易中心就绿色天然气交易平台建设达成合作,携手产业各方重点推进"监测—核证—交 易"一体化创新,并与11家生物天然气生产企业签订总量2.16亿立方米的战略采购协议。 业内人士表示,作为生物质能源的重要组成部分,生物天然气凭借其绿色、低碳、可再生的特点,正成为能源转型的重要支柱。本次论坛不仅为产业发展 提供战略指引,也为产业链各 ...
Montauk Renewables, Inc. Announces Share Repurchase Program
Newsfilter· 2025-04-15 20:30
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 ...
Montauk Renewables Announces Full Year 2024 Results
Globenewswire· 2025-03-13 11:00
Core Viewpoint - Montauk Renewables, Inc. reported flat total revenues for 2024 compared to 2023, with significant challenges in RIN sales impacting profitability despite an increase in RNG production volumes [1][3][4]. Financial Performance - Total revenues for 2024 were $175.7 million, unchanged from $174.9 million in 2023 [3][4]. - Net income decreased by 34.9% to $9.7 million in 2024 from $14.9 million in 2023 [4][19]. - Average realized RIN price increased by 21.0% to $3.28 in 2024 from $2.71 in 2023 [3][4]. - Operating income fell by 31.3% to $16.1 million in 2024 compared to $23.6 million in 2023 [3][19]. - Non-GAAP Adjusted EBITDA decreased by 8.3% to $42.6 million in 2024 from $46.5 million in 2023 [4][25]. Operational Highlights - RNG production increased by 1.6% to approximately 5.6 million MMBtu in 2024 compared to 5.5 million MMBtu in 2023 [4][5]. - RINs sold decreased by 18.5% to 36.6 million in 2024, down from 45.1 million in 2023 [4][5]. - The company had 6.8 million unsold RINs at the end of 2024, an increase of 6.7 million from the previous year [4][5]. Development Projects - Montauk Ag Renewables development in North Carolina received approval for its New Renewable Energy Facility [2]. - The company has long-term agreements with farms to access waste from at least 200,000 hog spaces to support processing needs [2]. - A project to convert the existing Tulsa Renewable Electric Generation facility to an RNG facility is anticipated to require a capital investment of $25.0 million to $35.0 million, with a targeted commissioning date in 2027 [2]. Future Outlook - RNG revenues for 2025 are expected to range between $150 million and $170 million, with production volumes anticipated between 5.8 million and 6.0 million MMBtu [10]. - Renewable Electricity revenues are projected to be between $17.0 million and $18.0 million, with production volumes expected between 178,000 and 186,000 MWh [10].