Montauk Renewables FY21 revenue up 47.5% to $148.1M, net loss $4.5M; issues FY22 guidance

Montauk Renewables, Inc.

Revenue $148.1M, +47.5% YoY; net loss $4.5M vs net income $4.6M in 2020.
Adjusted EBITDA $28.0M, +7.2% YoY; RNG production flat at 5.7M MMBtu.
FY22 guidance: RNG revenue $181-226M, RNG production 5.5-6.8M MMBtu.
Acquired ~146 acres and 500k sf structure for North Carolina project in Oct 2021.
Pico facility resumed Q1 2022 after upgrades; production more than doubled.

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