Montauk Renewables Q2 Revenue Beats on Higher RIN Sales, EBITDA Surges 145%
MNTK sits 60% above its 52-week low of $1.07.
Summary
Montauk Renewables posted Q2 revenue of $54M, beating the $49.34M consensus, driven by higher RIN sales from its GreenWave joint venture. Adjusted EBITDA jumped 145% to $12.30M, also above estimates. The beat was tempered by a 63.7% drop in RNG commodity revenue due to expiring fixed-price contracts. Management maintained its 2026 RNG revenue and production outlook but lowered REG guidance, citing delays at the Montauk Ag Renewables facility. The stock trades at 15x forward earnings, above its 10x multiple three months ago, with a median analyst target of $1.60, below the recent $1.70 close.
At the time of this announcement, MNTK was trading at $1.71 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $243.4M. The 52-week trading range was $1.07 to $2.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.