MNTK
Montauk Renewables, Inc.1.8800
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
267.44MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
Montauk Renewables posted FY2025 net income of $1.7M, down sharply from $9.7M in FY2024, as realized RIN prices fell 29% to $2.33 despite 1% RNG production growth to 5,644 MMBtu. Q4 accelerated with full RIN sales (10,786 vs. 69.5% unsold in Q4 2024), Pico up 31.8% y/y from digestion expansion, and second Apex facility adding 7.8% y/y; margins held amid 51% natural gas index rise. Debt rose to $129M (refinanced March 2026 at 10.25% fixed), liquidity $24M. Q4 momentum strong. Geographic concentration risks production from weather.
8-K
Flat revenue, profit dives
Montauk Renewables reported 2025 revenues flat at $176.4M but net income plunged 82% to $1.7M, hit by 29% lower RIN prices despite 20.5% more RINs sold and 1% RNG production growth. Adjusted EBITDA fell 16.5% to $35.6M while capex surged on projects. 2026 outlook eyes $175-190M RNG revenues, $35-41M electricity. RINs tanked prices.
8-K
Credit covenant amendment signed
Montauk Renewables' subsidiary inked the Sixth Amendment to its credit agreement on December 31, 2025, swapping Total Leverage Ratio for Total Net Leverage Ratio at 3.50:1.00 through Q4 2025, stepping to 3.00:1.00 from March 31, 2026 onward. Lenders now demand monthly financials within 15 business days. Covenant relief buys breathing room.
10-Q
Q3 FY2025 results
Montauk Renewables posted Q3 revenue of $45.3M, down 31% y/y from $65.9M on lower self-marketed RINs (12,410 vs 15,750) and realized pricing ($2.29 vs $3.34), yet RNG production edged up 4% to 1,445 MMBtu while operating income held at $4.4M. YTD revenue fell 10% to $133.0M with operating income at $2.5M versus $25.9M, diluted EPS steady at $(0.01) matching shares; cash from operations topped $30M but heavy $75M capex drove cash to $6.8M amid $67M debt (5.56% rate, $97M revolver availability, covenants met). RNG dominates at 90%+ revenue; GreenWave JV launched. Customer concentration risks persist.
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