earnings
confidence high
sentiment negative
materiality 0.70
Montauk Renewables FY 2024 net income down 35% to $9.7M; revenue flat at $175.7M
Montauk Renewables, Inc.
- Revenue flat at $175.7M; net income fell 34.9% to $9.7M; adjusted EBITDA down 8.3% to $42.6M.
- RNG production rose 1.6% to 5.6M MMBtu; RINs sold fell 18.5% to 36.6M; 6.8M RINs unsold at year end, later sold.
- 2025 guidance: RNG revenue $150–170M, production 5.8–6.0M MMBtu; renewable electricity revenue $17–18M.
- Commissioned Pico digestion expansion; expects Apex second facility in Q2 2025; plans Tulsa RNG conversion ($25–35M).
- North Carolina approved swine-waste REC law change; received NREF certificate for Montauk Ag Renewables.