Montauk Renewables (MNTK)
NASDAQ:MNTK
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.04Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but generally stable picture: operationally, Montauk achieved a major milestone by commissioning the Montauk Ag renewables project and saw top-line growth (revenues +9%) and strong improvements in adjusted EBITDA (+22.8%) and EBITDA (+40.3%). The GreenWave JV contributed revenue and income, and full-year guidance was reaffirmed. However, the business faces near-term challenges including the termination of a CO2 offtake contract, expiration of fixed-price RNG contracts (RNG commodity revenue down ~49.3%), higher renewable O&M (up 33.8%), certain facility-level production declines, one-month commissioning delay, and new costs tied to RIN distribution and pathway dispensing. These offset many positives and leave the quarter as a balance of encouraging financial/operational progress and several execution and timing risks.Company Guidance
Commissioning of Montauk Ag Renewables Project
Montauk Ag renewables project in Turkey, North Carolina was commissioned and is producing gas; renewable electricity from syngas expected to commence in May 2026. Targeted first phase capacity: 47,000 (reported) and 120,000 RECs annually at ~50% reactor capacity. Capital investment for first phase reaffirmed at $200 million; ramp-up expected through 2026 tied to additional feedstock collection.
Revenue Growth
Total revenues for Q1 2026 were $46.4 million, an increase of $3.8 million or 9% versus $42.6 million in Q1 2025, driven primarily by environmental attribute (RIN) revenue (~$4.2 million) and GreenWave-related sales.
Strong Adjusted EBITDA and EBITDA Expansion
Adjusted EBITDA for Q1 2026 was $10.8 million, up $2.0 million or 22.8% versus $8.8 million in Q1 2025. EBITDA was $9.4 million, up $2.7 million or 40.3% versus $6.7 million in Q1 2025.
Improved Net Income
Net income improved to $5,000 in Q1 2026 compared to a net loss of $0.5 million in Q1 2025, reflecting improved underlying EBITDA and other income items.
RIN Sales and Pricing Activity
Sold all 3.9 million RINs from 2025 RNG production in Q1 2026 at a realized price of approximately $2.42. Self-marketed RINs rose to 12.4 million in Q1 2026, a 25.5% increase versus 9.9 million in Q1 2025. Average realized RIN price was $2.42 (down 1.6% YoY).
GreenWave Joint Venture Contribution
GreenWave matched dispensing capacity with third-party RNG volumes; Montauk received approximately $1.4 million in separated RINs from GreenWave in Q1 2026 and recorded ~$3.3 million of income related to the GreenWave JV in Q1 2026. Sold ~1 million GreenWave-derived RINs for ~$2.4 million revenue.
Refinancing and Liquidity Actions
Entered into a new 5-year senior secured credit facility (up to $200 million); $155 million outstanding as of March 31, 2026. Proceeds used to repay prior debt; interest-only payments required for first two years; maturity March 2031. Expect an additional $45 million draw upon completion of certain project requirements.
Reaffirmed Full-Year 2026 Guidance
Reaffirmed RNG production volumes of 5.8–6.0 million MMBtu with RNG revenues of $175M–$190M. Reaffirmed renewable electricity generation of 195,000–207,000 MWh with related revenues of $33M–$37M.
MNTK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MNTK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $1.46 | $1.42 | -2.74% |
Mar 12, 2026 | $1.41 | $1.35 | -4.26% |
Nov 05, 2025 | $1.95 | $1.64 | -15.90% |
Aug 06, 2025 | $2.08 | $1.95 | -6.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Montauk Renewables (MNTK) report earnings?
Montauk Renewables (MNTK) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Montauk Renewables (MNTK) earnings time?
Montauk Renewables (MNTK) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is MNTK EPS forecast?
MNTK EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.