Montauk Renewables FY2022 revenue $205.6M (+38.8%), net income $35.2M (+877%)

Montauk Renewables, Inc.

Adjusted EBITDA $70.5M, +152.4% YoY; RNG production 5.5M MMBtu (-2.9%).
Revenue driven by higher realized RIN pricing ($3.25 vs $1.91) and natural gas index ($6.64 vs $3.84).
FY2023 guidance: RNG revenue $137-145M, production 5.7-6.1M MMBtu; electricity revenue $18-19M.
Pico feedstock amendment payments of $2.5M in 2022; digestion expansion expected Q3 2023.
Second RNG facility at Apex expected operational in 2024; Raeger facility upgrade ongoing.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Montauk Renewables, Inc. reported the year ended December 31, 2022 results: revenue $205.6 million, net income $35.2 million.

Period: the year ended December 31, 2022
Revenue: $205.6 million
Net income: $35.2 million
Result: reported results

Exact text from the filing

On March 16, 2023, Montauk Renewables, Inc. issued a press release announcing its financial results for the fiscal year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Montauk Renewables, Inc. reported the year ended December 31, 2022 results: revenue $205.6 million, net income $35.2 million.

Period: the year ended December 31, 2022
Revenue: $205.6 million
Net income: $35.2 million
Result: reported results

Exact text from the filing

Revenues of $205.6 million, increased 38.8% year-over-year

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Montauk Renewables, Inc. updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

RNG revenues expected to range between $137.0 and $145.0 million

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Montauk Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-072631

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