Montauk Renewables Q2 revenue surges 114% to $67.9M, net income $19.2M

Montauk Renewables, Inc.

2022-Q2 EPS reported $0.13 revenue$100,055,000

Revenue $67.9M, up 114% YoY; net income $19.2M vs net loss of $4.7M in Q2 2021.
Adjusted EBITDA $27.6M, up 435% YoY; RNG production 1.5M MMBtu, up 3.7%.
FY2022 guidance: RNG revenue $200-220M, RNG production 5.6-6.3M MMBtu.
Board approved Raeger facility capital project to boost production; construction starts Q3 2022, ops H2 2023.
Filed provisional patent for combustion-based oxygen removal condensate neutralization technology.

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