Montauk Renewables Inc
NASDAQ:MNTK
Montauk Renewables Inc
Montauk Renewables, Inc. engages in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 132 full-time employees. The company went IPO on 2021-01-22. The firm is specialized in the recovery and processing of biogas from landfills and other non-fossil fuel sources for use as a replacement to fossil fuels. The company develops, owns, and operates renewable natural gas (RNG) projects, using technologies that supply renewable fuel into the transportation and electrical power sectors. Its segments include Renewable Natural Gas and Renewable Electricity Generation. Renewable Natural Gas includes the production of RNG. Renewable Electricity Generation includes generation of electricity at biogas-to-electricity plants. The firm's sources of commercial scale biogas include landfill gas (LFG) and anaerobic digester gas (ADG), which is produced inside an airtight tank used to breakdown organic matter, such as livestock waste.
Montauk Renewables, Inc. engages in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 132 full-time employees. The company went IPO on 2021-01-22. The firm is specialized in the recovery and processing of biogas from landfills and other non-fossil fuel sources for use as a replacement to fossil fuels. The company develops, owns, and operates renewable natural gas (RNG) projects, using technologies that supply renewable fuel into the transportation and electrical power sectors. Its segments include Renewable Natural Gas and Renewable Electricity Generation. Renewable Natural Gas includes the production of RNG. Renewable Electricity Generation includes generation of electricity at biogas-to-electricity plants. The firm's sources of commercial scale biogas include landfill gas (LFG) and anaerobic digester gas (ADG), which is produced inside an airtight tank used to breakdown organic matter, such as livestock waste.
Revenue Decline: Montauk Renewables reported third quarter revenue of $45.3 million, down 31.3% year-over-year due to lower RIN volumes sold and weaker prices.
RIN Price Drop: Average realized RIN price fell 31.4% to $2.29, significantly impacting profitability.
Unchanged Guidance: The company maintained its full-year 2025 RNG and renewable electricity production and revenue guidance, despite a required step-up in Q4.
RNG Production: RNG volumes were up 3.8% year-over-year in Q3, with operational improvements offsetting facility sales.
Cost Controls: G&A expenses fell 35.1% and impairments dropped, while OpEx increases were tied to maintenance and feedstock enhancements.
Profitability Drop: Operating income fell over 80%, net income dropped to $5.2 million, and adjusted EBITDA decreased 56.5%.
Project Pipeline: Development projects in North Carolina remain on track, with first revenues expected in Q1 2026.
