Montauk Renewables, Inc.MNTKEarnings & Financial Report
Montauk Renewables, Inc. is a US-based renewable energy firm specializing in capturing and converting biogenic methane from landfills and agricultural waste into renewable natural gas (RNG) and low-carbon electricity. It serves utility, commercial, and industrial customers across North America, with operations focused on advancing decarbonization and sustainable energy transition goals.
Revenue
$43.3M
Gross Profit
$6.7M
Operating Profit
$868.0K
Net Profit
$-712.0K
Gross Margin
15.6%
Operating Margin
2.0%
Net Margin
-1.6%
YoY Growth
-18.6%
EPS
$-0.01
Montauk Renewables, Inc. Q2 FY2024 Financial Summary
Montauk Renewables, Inc. reported revenue of $43.3M (down 18.6% YoY) for Q2 FY2024, with a net profit of $-712.0K (down 171.0% YoY) (-1.6% margin). Cost of goods sold was $36.6M, operating expenses totaled $5.9M.
Key Financial Metrics
| Total Revenue | $43.3M |
|---|---|
| Net Profit | $-712.0K |
| Gross Margin | 15.6% |
| Operating Margin | 2.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Montauk Renewables, Inc. Q2 FY2024 revenue of $43.3M breaks down across 4 segments, led by Natural Gas Environmental Attributes at $31.7M (73.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Natural Gas Environmental Attributes | $31.7M | 73.2% |
| Natural Gas Commodity | $7.1M | 16.3% |
| Electric Commodity | $2.5M | 5.9% |
| Electric Environmental Attributes | $2.0M | 4.5% |
Montauk Renewables, Inc. Revenue by Segment — Quarterly Trend
Montauk Renewables, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Natural Gas Environmental Attributes and Natural Gas Commodity) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Natural Gas Environmental Attributes | $28.1M | $29.7M | — | $25.0M |
| Natural Gas Commodity | $10.7M | $11.2M | $13.4M | $13.2M |
| Electric Commodity | $2.7M | $2.5M | — | $2.7M |
| Electric Environmental Attributes | $2.0M | $1.8M | $1.9M | $1.7M |
Montauk Renewables, Inc. Annual Revenue by Year
Montauk Renewables, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $176.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $176.4M |
| 2024 | $175.7M |
| 2023 | $174.9M |
| 2022 | $213.4M |
Montauk Renewables, Inc. Quarterly Revenue & Net Profit History
Montauk Renewables, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $43.4M | +56.7% | $2.5M | 5.7% |
| Q3 FY2025 | $45.3M | -31.3% | $5.2M | 11.5% |
| Q2 FY2025 | $45.1M | +4.1% | $-5.5M | -12.2% |
| Q1 FY2025 | $42.6M | +9.8% | $-464.0K | -1.1% |
| Q4 FY2024 | $27.7M | -40.8% | $-8.5M | -30.5% |
| Q3 FY2024 | $65.9M | +18.4% | $17.0M | 25.9% |
| Q2 FY2024 | $43.3M | -18.6% | $-712.0K | -1.6% |
| Q1 FY2024 | $38.8M | +102.5% | $1.9M | 4.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.8M | $43.3M | $65.9M | $27.7M | $42.6M | $45.1M | $45.3M | $43.4M |
| YoY Growth | 102.5% | -18.6% | 18.4% | -40.8% | 9.8% | 4.1% | -31.3% | 56.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $354.7M | $362.0M | $374.1M | $349.0M | $354.2M | $382.5M | $383.3M | $435.5M |
| Liabilities | $100.4M | $106.7M | $98.8M | $91.6M | $96.0M | $127.8M | $122.6M | $172.3M |
| Equity | $254.3M | $255.3M | $275.3M | $257.4M | $258.2M | $254.7M | $260.7M | $263.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $14.3M | $193000 | $28.6M | $724000 | $9.1M | $8.2M | $12.7M | $337000 |