Revenue Increase
Total revenues in the first quarter of 2025 were $42.6 million, an increase of $3.8 million, or 9.8%, compared to $38.8 million in the first quarter of 2024.
RIN Sales Increase
Montauk self-marketed 9.9 million RINs, a 25.3% increase compared to 7.9 million RINs self-marketed during the first quarter of 2024.
Renewable Natural Gas Segment Revenue Growth
Revenues from the Renewable Natural Gas segment during the first quarter of 2025 were $38.5 million, an increase of $4.5 million or 13.1% compared to $34.0 million during the first quarter of 2024.
Cost Reduction in General and Administrative Expenses
Total general and administrative expenses were $8.8 million for the first quarter of 2025, a decrease of $0.7 million, or 7.1%, compared to $9.4 million in the first quarter of 2024.
North Carolina Swine Project Development
Montauk's development efforts in North Carolina continue in full force with an expectation to commence significant production and revenue generation activities in 2026.