Montauk Renewables Announces First Quarter 2024 Results [Yahoo! Finance]
Montauk Renewables, Inc. (MNTK)
Company Research
Source: Yahoo! Finance
specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights: Revenues of $38.8 million, increased 102.5% compared to the first quarter of 2023 Net Income of $1.9 million, increased 148.8% compared to the first quarter of 2023 Non-GAAP Adjusted EBITDA of $9.5 million, increased 212.7% compared to the first quarter of 2023 RNG production of 1.4 million MMBtu, increased 4.4% compared to the first quarter of 2023 RINs Sold of 7.9 million, increase of 167.5% compared to the first quarter of 2023 Our profitability is highly dependent on the market price of Environmental Attributes, including the market price for RINs. As we self-market a significant portion of our RINs, a strategic decision not to commit to transfer available RINs during a period will impact our operating revenue and operating profit. We made a strategic de
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News
- Montauk Renewables, Inc. (NASDAQ:MNTK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Montauk Renewables First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Montauk Renewables Announces First Quarter 2024 ResultsGlobeNewswire
- Is Weakness In Montauk Renewables, Inc. (NASDAQ:MNTK) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Montauk Renewables, Inc. (NASDAQ: MNTK) had its price target lowered by analysts at B. Riley from $7.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
MNTK
Earnings
- 5/9/24 - Beat
MNTK
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/22/24 - Form DEFA14A
- MNTK's page on the SEC website