Michael Jacobson
On February 14, 2025, Mr. Michael Jacobson provided notice to Montauk Renewables, Inc. (the “Company”) that he is resigning from the Company’s Board of Directors (the “Board”) effective immediately.
Highest-materiality recent filing
Montauk Renewables shareholders re-elect directors and ratify auditor
Jennifer Cunningham re-elected with 95,930,621 votes for, 1,276,666 withheld; term to 2029.
Montauk Renewables Q1 revenue up 9% to $46.4M; net income near break-even, Adj EBITDA +23%
Revenues $46.4M (+9% YoY); net income $5K vs loss $0.5M in Q1 2025; Non-GAAP Adj EBITDA $10.8M (+22.8%).
Montauk Renewables FY2025 earnings drop sharply; EBITDA down 21%, EPS down 86%
Revenue flat at $176.4M; EBITDA fell 21.2% to $32.3M from $41.0M.
Montauk Renewables FY2025 net income drops 82%; revenue flat at $176.4M
Revenue of $176.4M flat YoY; net income of $1.7M down 82%; non-GAAP Adjusted EBITDA of $35.6M down 16.5%.
Sixth Amendment replaces Total Leverage Ratio with Total Net Leverage Ratio (net of cash up to $5M).
Montauk Q3 revenue $45.3M (-31.3% YoY); net income $5.2M (-69.5%); guidance unchanged
Adjusted EBITDA $12.8M, down 56.4% YoY; average realized RIN price $2.29 (-31.4%).
Montauk Renewables H1 2025 loss per share $0.04; revenue up 7% but EBITDA down 27%
Revenue $87.73M, +7% YoY; EBITDA $11.36M, -27% YoY from $15.60M.
Montauk Q2 revenue up 4.1% to $45.1M; net loss widens to $5.5M; reaffirms FY guidance
Revenue $45.1M (+4.1% YoY); operating loss $2.4M vs operating income $0.8M in Q2 2024.
Montauk Renewables stockholders elect Govender and Shaik, ratify Grant Thornton as auditor
At May 22, 2025 annual meeting, Theventheran G. Govender was elected with 95.4M votes for, 8.8M withheld.
Montauk Q1 net loss swings to $0.5M; announces Rumpke relocation and Blue Granite impairment
Revenues $42.6M (+9.8% YoY); net loss of $0.5M vs net income $1.9M in Q1 2024; Adj. EBITDA $8.8M (-7.2%).
Montauk Renewables authorizes up to $5M share repurchase program
Board authorized repurchase of up to $5M of common stock on April 10, 2025.
Montauk Renewables FY2024 revenue flat at $175.7M; EPS falls 36% to $0.07; no dividend
Revenue $175.7M, +0.5% YoY; EBITDA $41.0M, -10% YoY.
Montauk Renewables FY 2024 net income down 35% to $9.7M; revenue flat at $175.7M
Revenue flat at $175.7M; net income fell 34.9% to $9.7M; adjusted EBITDA down 8.3% to $42.6M.
Montauk Renewables ups loan from subsidiary to $10.69M in fifth amendment
Loan principal increased from $10.04M to $10.69M; interest rate remains 0.4% per annum.
Director Michael Jacobson resigns from Montauk Renewables board; Yunis Shaik joins audit committee
Michael Jacobson resigned from Board effective February 14, 2025.
Montauk Q3 revenue $65.9M (+18% YoY), net income $17.0M (+32% YoY); guides RNG rev $175-185M
Q3 revenue $65.9M (+18.4% YoY), net income $17.0M (+31.8% YoY), Adjusted EBITDA $29.4M (+31.3% YoY).
Montauk Renewables H1 2024 revenue up 13%, turns to headline earnings of $1.6M
Revenue $82.1M for six months ended June 30, 2024, up 13% YoY from $72.4M.
Montauk Renewables Q2 2024 net loss $0.7M; revenue down 18.6% on strategic RIN deferral
Revenue $43.3M (-18.6% YoY); net loss $0.7M vs net income $1.0M YoY.
Montauk Renewables elects two directors and ratifies auditor at 2024 annual meeting
Mohamed H. Ahmed elected with 94,190,003 votes for, 4,712,008 withheld; John A. Copelyn elected with 80,054,213 for, 18,847,798 withheld.
Montauk Renewables Q1 revenue $38.8M (+102.5%), net income $1.9M vs loss
Revenue $38.8M (+102.5% YoY); net income $1.9M vs net loss of $3.8M in Q1 2023.
Montauk Renewables reappoints Michael A. Jacobson to Board and Audit Committee
Jacobson appointed as Class II director effective April 2, 2024; term ends at 2025 annual meeting.
Montauk Renewables FY2023 revenue down 15%, headline EPS falls 59% to $0.11; no dividend declared
Revenue $174.9M, down 15% from $205.6M in FY2022.
Montauk Renewables FY2023 revenue down 14.9% to $174.9M, net income falls 57.5%
Net income of $14.9M ($0.09 diluted EPS), down from $35.2M; Adjusted EBITDA $46.5M, down 34.1%.
On February 14, 2025, Mr. Michael Jacobson provided notice to Montauk Renewables, Inc. (the “Company”) that he is resigning from the Company’s Board of Directors (the “Board”) effective immediately.
On April 2, 2024, the Board of Directors (the “ Board ”) of Montauk Renewables, Inc., a Delaware corporation (the “ Company ”), appointed Mr. Michael A. Jacobson to the Board and Audit Committee thereof.
Max materiality 0.82 · Median 0.70 · Most common event earnings