Montauk Renewables Q3 revenue up 41% to $39.7M, net income $8.9M vs loss year ago

Montauk Renewables, Inc.

2021-Q3 EPS reported -$0.07 revenue$102,872,000

Revenue $39.7M (+40.7% YoY); net income $8.9M vs net loss of $2.1M in Q3 2020.
Non-GAAP Adjusted EBITDA $12.8M (+27.2% YoY). RNG production 1.5M MMBtu (flat YoY).
Q4 2021 outlook: RNG revenue $38-46M, production 1.4-1.7M MMBtu; renewable electricity revenue $3.8-4.7M.
Pico facility idled for digester improvements; resumption expected Q1 2022 with increased output.
Patent granted for continuous-feed reactor technology; commissioning expected in 2022.

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