Montauk Renewables, Inc., a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. The company develops, owns, and operates renewable natural gas (RNG) projects that capture methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid. Its customers for RNG and renewable identification numbers include long-term owner-operators of landfills and livestock farms, investor-owned and municipal electricity utilities, and refiners in the natural gas and refining sectors. Montauk Renewables, Inc. was incorporated in 2020 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year: 2021
Exchange: NASDAQ
Website: montaukrenewables.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/3/2024 | $8.00 → $6.00 | Sector Outperform → Sector Perform | Scotiabank |
| 11/13/2023 | $9.00 | Sector Perform → Sector Outperform | Scotiabank |
| 9/29/2023 | $9.00 | Sector Perform | Scotiabank |
| 6/27/2023 | $6.50 | Neutral | B. Riley Securities |
| 5/12/2023 | $5.00 → $7.50 | Sell → Hold | Tudor, Pickering, Holt & Co. |
| 4/13/2023 | $9.00 → $7.00 | Sell → Neutral | UBS |
| 12/14/2022 | $9.00 | Sell | UBS |
SC 13G - Montauk Renewables, Inc. (0001826600) (Subject)
SC 13G - Montauk Renewables, Inc. (0001826600) (Subject)
SC 13G/A - Montauk Renewables, Inc. (0001826600) (Subject)
SC 13G - Montauk Renewables, Inc. (0001826600) (Subject)
PITTSBURGH, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the third quarter ended September 30, 2024. Third Quarter Financial Highlights: RINs Sold of 15.8 million, increased 14.5% compared to the third quarter of 2023 Revenues of $65.9 million, increased 18.4% compared to the third quarter of 2023 Net Income of $17.0 million, increased 31.8% compared to the third quarter of 2023 Non-GAAP Adjusted EBITDA of $29.4 million, increased 31
PITTSBURGH, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. Third Quarter 2024 Conference Call and Webcast Details Date: Tuesday, November 12, 2024Time: 5:0
PITTSBURGH, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the second quarter ended June 30, 2024. Second Quarter Financial Highlights: Unsold RINs of 4.7 million as of June 30, 2024, increased 58.7% compared to the second quarter of 2023 In July 2024, committed for transfer all 4.7 million unsold RINs as of June 30, 2024 at average price of $3.32 compared to second quarter of 2024 average index price of $3.20 Revenues of $43.3 million, decreased 18.6% compa
PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Thursday, August 8, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. Second Quarter 2024 Conference Call and Webcast Details Date:Thursday, August 8, 2024Time:5:00 p.m. ETP
PITTSBURGH, May 09, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company 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
PITTSBURGH, April 25, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Thursday, May 9, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. First Quarter 2024 Conference Call and Webcast Details Date:Thursday, May 9, 2024Time:5:00 p.m. ETParticip
PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the year ended December 31, 2023. Full Year Highlights: Revenues of $174.9 million, decreased 14.9% year over year Net Income of $14.9 million, decreased 57.5% year over year Non-GAAP Adjusted EBITDA of $46.5 million, decreased 34.1% year over year RNG production of 5.5 million MMBtu, flat year over year While we had flat production volumes in 2023 as compared to 2022, our sales of RINs from RNG increased
PITTSBURGH, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Thursday, March 14, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the full year ended December 31, 2023. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. Full Year 2023 Conference Call and Webcast Details Date:Thursday, March 14, 2024Time:5:00 p.m. ETParticip
PITTSBURGH, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights: Revenues of $55.7 million, decreased 0.3% as compared to the third quarter of 2022Net Income of $12.9 million, increased 15.6% as compared to the third quarter of 2022Non-GAAP Adjusted EBITDA of $22.4 million, increased 7.4% as compared to the third quarter of 2022RNG production of 1.4 million MMBtu, decreased 4.0% as compared
PITTSBURGH, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Thursday, November 9, 2023, at 5:00 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2023. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. Third Quarter 2023 Conference Call and Webcast Details Date: Thursday, November 9, 2023Time: 5:0
Clear Street's Newest Offering, with In-Depth Market Analysis and Investment Insights, Addresses the Firm's Rapidly Expanding Institutional Client Base Initial Sector Coverage Includes Disruptive Technology, Energy Transition and Healthcare Clear Street ("Clear Street", "the Company"), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing institutional client base. Led by Director of Research Mara Goldstein, Clear Street Equity Research will focus initially on the Disruptive Technology, En
PITTSBURGH, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the third quarter ended September 30, 2024. Third Quarter Financial Highlights: RINs Sold of 15.8 million, increased 14.5% compared to the third quarter of 2023 Revenues of $65.9 million, increased 18.4% compared to the third quarter of 2023 Net Income of $17.0 million, increased 31.8% compared to the third quarter of 2023 Non-GAAP Adjusted EBITDA of $29.4 million, increased 31
The company has secured partnerships with major biogas suppliers, green methanol product offtakers, equipment and technology corporations, and a licensing agreement with MIT. Emvolon, an MIT spun-off technology company that converts greenhouse gas emissions into carbon-negative fuels and chemicals, today announced several commercial and technical milestones. Following its recent field pilot announcement with Montauk Renewables to demonstrate the benefits of converting biogas into green methanol, Emvolon has secured multiple new partnerships with biogas suppliers, green methanol product offtakers, and multinational equipment and technology companies. Additionally, Emvolon announced that MIT
PITTSBURGH, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. Third Quarter 2024 Conference Call and Webcast Details Date: Tuesday, November 12, 2024Time: 5:0
Field Pilot to Demonstrate Commercial Viability of Recovering and Converting Biogas into Green Methanol Emvolon, an MIT spin-off that converts greenhouse gas emissions into carbon-negative fuels and chemicals, today announced an agreement with Montauk Renewables, Inc. (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas from waste into renewable natural gas. Leveraging Emvolon's patented technology, the initial pilot is a commercial-scale demonstration of recovering and converting biogas into green methanol, which is expected to take place at Montauk's renewable gas production site at a landfill in Humble, Texas. This press release fea
PITTSBURGH, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the second quarter ended June 30, 2024. Second Quarter Financial Highlights: Unsold RINs of 4.7 million as of June 30, 2024, increased 58.7% compared to the second quarter of 2023 In July 2024, committed for transfer all 4.7 million unsold RINs as of June 30, 2024 at average price of $3.32 compared to second quarter of 2024 average index price of $3.20 Revenues of $43.3 million, decreased 18.6% compa
PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Thursday, August 8, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. Second Quarter 2024 Conference Call and Webcast Details Date:Thursday, August 8, 2024Time:5:00 p.m. ETP
PITTSBURGH, May 09, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company 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
PITTSBURGH, April 25, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas ("RNG"), will host a conference call and webcast on Thursday, May 9, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the same day as the conference call and webcast. First Quarter 2024 Conference Call and Webcast Details Date:Thursday, May 9, 2024Time:5:00 p.m. ETParticip
PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. ("Montauk" or "the Company") (NASDAQ:MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas ("RNG"), today announced financial results for the year ended December 31, 2023. Full Year Highlights: Revenues of $174.9 million, decreased 14.9% year over year Net Income of $14.9 million, decreased 57.5% year over year Non-GAAP Adjusted EBITDA of $46.5 million, decreased 34.1% year over year RNG production of 5.5 million MMBtu, flat year over year While we had flat production volumes in 2023 as compared to 2022, our sales of RINs from RNG increased
3 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
3 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
4 - Montauk Renewables, Inc. (0001826600) (Issuer)
Montauk Renewables (NASDAQ:MNTK) reported quarterly earnings of $0.01 per share which met the analyst consensus estimate. This is a 133.33 percent increase over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $38.787 million which missed the analyst consensus estimate of $44.921 million by 13.66 percent. This is a 102.50 percent increase over sales of $19.154 million the same period last year.
B. Riley Securities analyst Ryan Pfingst maintains Montauk Renewables (NASDAQ:MNTK) with a Neutral and lowers the price target from $7 to $6.
Scotiabank analyst Paul Cheng maintains Montauk Renewables (NASDAQ:MNTK) with a Sector Outperform and lowers the price target from $9 to $8.
U.S. stocks were mixed, with the Dow Jones index gaining around 75 points on Tuesday. Shares of National CineMedia, Inc. (NASDAQ:NCMI) jumped 25.5% to $5.30 after the company posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program. Operating revenue stood at $90.9 million, beating the consensus of $81.1 million. EPS of 24 cents beat the consensus of 9 cents. The company said it sees first-quarter total revenue of $34.5 million to $35.5 million. Alphabet shares climbed 6.3% to $150.09 on Monday. Here are some other big stocks recording gains in today’s session. Fusion Pharmaceuticals Inc. (NASDAQ:FUSN) shares jumped 97.3% to $20.99 afte
Shares of Jabil Inc. (NYSE:JBL) fell sharply during Friday’s session after the company reported financial second-quarter results and issued FY25 guidance below estimates. Jabil posted adjusted earnings of $1.68 per share, beating estimates of $1.66 per share. The company’s quarterly sales came in at $6.77 billion, missing expectations of $6.89 billion. Jabil shares dipped 14.2% to $126.56 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Verb Technology Company, Inc. (NASDAQ:VERB) shares jumped 189% to $0.4047. VERB's MARKET.live launched Facebook and Instagram social shopping technology integration. Better Therapeutics, Inc. (NASDAQ:BTTX) surged 108
RNG production volumes are expected to range between 5.8 and 6.1 million MMBtu, Renewable Electricity revenues are expected to range between $18.0 and $19.0 million and Renewable Electricity production volumes to range between 190 and 200 thousand MWh.
Montauk Renewables (NASDAQ:MNTK) reported its Q4 earnings results on Thursday, March 14, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Montauk Renewables missed estimated earnings by -43.0%, reporting an EPS of $0.04 versus an estimate of $0.07. Revenue was down $2.84 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.01 which was followed by a 37.0% drop in the share price the next day. Here's a look at Montauk Renewables's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.10 0.04 -0.01 0.09 EPS Actual 0.09 0.01 -0.03 0.05 Revenue Estimate 57.93M 45.28M 39.90
Montauk Renewables (NASDAQ:MNTK) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.07 by 42.86 percent. The company reported quarterly sales of $46.807 million which missed the analyst consensus estimate of $56.866 million by 17.69 percent. This is a 5.71 percent decrease over sales of $49.643 million the same period last year.
Scotiabank downgraded Montauk Renewables from Sector Outperform to Sector Perform and set a new price target of $6.00 from $8.00 previously
Scotiabank upgraded Montauk Renewables from Sector Perform to Sector Outperform and set a new price target of $9.00
Scotiabank initiated coverage of Montauk Renewables with a rating of Sector Perform and set a new price target of $9.00
B. Riley Securities initiated coverage of Montauk Renewables with a rating of Neutral and set a new price target of $6.50
Tudor, Pickering, Holt & Co. upgraded Montauk Renewables from Sell to Hold and set a new price target of $7.50 from $5.00 previously
UBS upgraded Montauk Renewables from Sell to Neutral and set a new price target of $7.00 from $9.00 previously
UBS initiated coverage of Montauk Renewables with a rating of Sell and set a new price target of $9.00
Roth Capital initiated coverage of Montauk Renewables with a rating of Buy and set a new price target of $17.50
Roth Capital initiated coverage of Montauk Renewables with a rating of Buy
ROTH Capital initiated coverage of Mentortech, Inc. with a rating of Buy and set a new price target of $17.50
10-Q - Montauk Renewables, Inc. (0001826600) (Filer)
8-K - Montauk Renewables, Inc. (0001826600) (Filer)
8-K - Montauk Renewables, Inc. (0001826600) (Filer)
10-Q - Montauk Renewables, Inc. (0001826600) (Filer)
8-K - Montauk Renewables, Inc. (0001826600) (Filer)
8-K - Montauk Renewables, Inc. (0001826600) (Filer)
10-Q - Montauk Renewables, Inc. (0001826600) (Filer)
8-K - Montauk Renewables, Inc. (0001826600) (Filer)
DEFA14A - Montauk Renewables, Inc. (0001826600) (Filer)
DEF 14A - Montauk Renewables, Inc. (0001826600) (Filer)