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Montauk Renewables Announces Second Quarter 2025 Results
PITTSBURGH, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in
About this update from Montauk Renewables, Inc.
[{"type":"text","content":"PITTSBURGH, Aug. 06, 2025 (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, 2025. Second Quarter Highlights: Revenues of $45.1. million, increased 4.1% compared to the second quarter of 20243.0 million RINs generated and unseparated as of June 30, 2025 Non-GAAP Adjusted EBITDA of $5.0 million, decreased 27.7% year-over-yearRNG production of 1.4 million MMBtu, flat compared to second quarter of 2024RINs sold of 11.1 million, increased 1.1 million or 10.5% year-over-year In the second quarter of 2025, we successfully completed the construction and commissioning of the second RNG processing facility at our Apex facility in Amsterdam, Ohio. For our Montauk Ag Renewables project in Turkey, NC, we signed a power purchase agreement in July 2025 for all the power produced from the first phase of the project. The term of this PPA begins once we commission the facility and is for 10 years covering 100% of the electric produced. The PPA price is based on set tariff and considers various impacts including but not limited to, demand, season and time of day, and an average price of $48/MWh. Finally, we entered into an agreement to form a joint venture, GreenWave Energy Partners, LLC. The primary goal of the joint venture is to help address the limited capacity of RNG utilization for transportation by offering third party RNG volumes access to exclusive unique and proprietary transportation pathways. We expect to act as the RIN separator for the joint venture. Our profitability is highly dependent on the market price of environmental attributes, including the market price for RINs. As we self-market a significant portion of our RINs, a decision to not to commit to transfer available RINs during a period will impact our revenue and operating profit. The impact of EPA actions associated with implementation of BRRR K2 separation has temporarily impacted the RIN commitment timing of the Company. Due to BRRR, we had approximately 3.0 million RINs generated but unseparated at June 30, 2025 which reduced the amount of RINs available for sale as of June 30, 2025. In June 2025, the EPA released both the proposed RF...