Montauk Q1 revenue drops 40.5% to $19.2M; net loss widens 240% to $3.8M

Montauk Renewables, Inc.

2023-Q1 EPS reported -$0.03 revenue$19,154,000

Revenues $19.2M, down 40.5% YoY; net loss $3.8M vs loss $1.1M in Q1 2022.
RINs inventory 8.3M units (+88.1%) due to strategic deferral of sales amid volatile D3 RIN pricing.
RNG production 1.4M MMBtu (-1.2%); Renewable electricity production 46k MWh (+2.2%).
Full-year 2023 outlook reaffirmed: RNG revenue $137-145M, production 5.7-6.1M MMBtu.
Entering South Carolina with new landfill gas-to-RNG facility (900 MMBtu/day), expected operational 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Montauk Renewables, Inc. reported 2023 Full Year results: revenue $137.0 and $145.0 million. Guidance reaffirmed.

Period: 2023 Full Year
Revenue: $137.0 and $145.0 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Affirmed 2023 Full Year Outlook: • RNG revenues expected to range between $137.0 and $145.0 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Montauk Renewables, Inc. reported first quarter ended March 31, 2023 results: revenue $19.2 million, net income Net Loss of $3.8 million.

Period: first quarter ended March 31, 2023
Revenue: $19.2 million
Net income: Net Loss of $3.8 million
Result: reported results

Exact text from the filing

of biogas into renewable natural gas (“RNG”), today announced financial results for the first quarter ended March 31, 2023. First Quarter Financial Highlights: • Revenues of $19.2 million, decreased 40.5% as compared to the first quarter of 2022 • Net Loss of $3.8 million, increased 239.7% as compared to the first quarter of 2022 • RINs generated but unsold of 8.3

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Montauk Renewables, Inc. reported first quarter ended March 31, 2023 results: revenue $19.2 million, net income Net Loss of $3.8 million.

Period: first quarter ended March 31, 2023
Revenue: $19.2 million
Net income: Net Loss of $3.8 million
Result: reported results

Exact text from the filing

First Quarter Financial Highlights: • Revenues of $19.2 million, decreased 40.5% as compared to the first quarter of 2022 • Net Loss of $3.8 million, increased 239.7% as compared to the first quarter of 2022

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

Montauk Renewables, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-140763

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