earnings
confidence high
sentiment neutral
materiality 0.80
Montauk Q3 revenue $65.9M (+18% YoY), net income $17.0M (+32% YoY); guides RNG rev $175-185M
Montauk Renewables, Inc.
2024-Q3 EPS reported
$0.13
revenue$148,042,000
- Q3 revenue $65.9M (+18.4% YoY), net income $17.0M (+31.8% YoY), Adjusted EBITDA $29.4M (+31.3% YoY).
- RNG production flat at 1.4M MMBtu; Hurricane Beryl caused ~50k MMBtu loss from Texas power outages.
- FY2024 guidance: RNG rev $175-185M, RNG production 5.5-5.7M MMBtu; renewable electricity rev $17-18M.
- Landfill host delays in wellfield installation expected to continue through 2025, impacting production timing.
- Pathway provider renewals at higher percentages; considering short-term fixed-price contracts; may limit 2025 guidance to production.