Montauk Renewables Q3 revenue up 40.5% to $55.9M; net income up 25.7% to $11.2M

Montauk Renewables, Inc.

2022-Q3 EPS reported $0.20 revenue$155,916,000

Revenue $55.9M (+40.5% YoY); Net income $11.2M (+25.7% YoY); Adjusted EBITDA $20.9M (+62.7% YoY).
RNG production 1.4M MMBtu (-4.8% YoY) due to landfill patterns and contaminants; realized RIN price $3.49 vs $1.65.
Board approved second production facility at Apex landfill, expected to increase RNG processing capacity ~40%, target commercial ops 2024.
FY2022 outlook: RNG rev $196-216M, volumes 5.6-5.9M MMBtu; Renew Elec rev $17-18M, volumes 188-198k MWh.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Montauk Renewables, Inc. reported the third quarter ended September 30, 2022 results: revenue $55.9 million, net income $11.2 million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $55.9 million
Net income: $11.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of biogas into renewable natural gas (“RNG”), today announced financial results for the third quarter ended September 30, 2022. Third Quarter Financial Highlights: • Revenues of $55.9 million, increased 40.5% as compared to the third quarter of 2021 • Net Income of $11.2 million, increased 25.7% as compared to the third quarter of 2021 • Non-GAAP Adjusted EBITDA of

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Montauk Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-281244

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