Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q2 2025 Earnings Presentation
17 slides from Montauk Renewables's earnings presentation, Aug 7, 2025
Slide 1: Investor Presentation: Second Quarter 2025 Results
Investor Presentation SECOND QUARTER 2025 RESULTS AUGUST 7, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information This presentation contains “forward-looking statements” within the meaning of U.S. federal securities laws. Such statements include those relating to estimated and projected financial condition, results of operations,
Slide 3: Financial Performance: Income Statement
Financial Performance Income Statement 3
Slide 4: Operational Results – Quarter Ended June 30, 2025
Operational Results – Quarter Ended June 30, 2025 (in thousands, unless otherwise indicated) All comparisons are between the second quarter ended June 30, 2025 and the second quarter ended June 30, 2024, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 31 MMBtu increased production
Slide 5: Operational Performance: Operating Metrics
Operational Performance Operating Metrics 5
Slide 6: Financial Performance: Balance Sheet
Financial Performance Balance Sheet 6
Slide 7: Cash Flow
Cash Flow (in thousands, unless otherwise indicated) Operating items affecting net income include: – $13,293 depreciation, depletion, and amortization – $3,639 accounting for stock-based compensation – $2,424 accounting for impairment – $1,596 provision for deferred income taxes Investing activities
Slide 8: Business Development: RIN Metric Highlights
Business Development RIN Metric Highlights (in thousands, unless otherwise indicated) Second Quarter 2025 Highlights – EPA BRRR rules requiring RIN separation deferred RIN generation by approximately one month – Approximately 108 RINs in inventory from 2025 RNG production – Approximately 3,009 RINs
Slide 9: Business Development: RINs Available but Unsold
Business Development RINs Available but Unsold (in thousands, unless otherwise indicated) Select historical data related to RINs available, RINs sold, and RINs available but unsold: Our profitability is highly dependent on the market price of Environmental Attributes, including the market price for
Slide 10: Capital Development Summary
Business Development Capital Development Summary (in thousands, unless otherwise indicated) The following summarizes our ongoing development growth plans expected capacity contribution, anticipated commencement of operations, and capital expenditure estimate, respectively, excluding the Montauk Ag R
Slide 11: RNG Facility Developments – Second Quarter 2025 Highlights
Business Development RNG Facility Developments – Second Quarter 2025 Highlights Second Apex RNG Facility: – Commissioned in June 2025 Tulsa REG Conversion to RNG: – Began incurring capital expenditures for long lead items – Expect commercial operations in 2027 Rumpke Relocation – Gas rights agreemen
Slide 12: Montauk Ag Renewables – Second Quarter 2025 Highlights
Business Development Montauk Ag Renewables – Second Quarter 2025 Highlights – Annual REC capacity to be approximately 120 RECs – Executed a 10 year power purchase agreement for first phase of electric production – Average price of $48/MWh is in line with Southeast US power markets – Continue testing
Slide 13: Alternative Fuel Source Development
Business Development Alternative Fuel Source Development (in thousands, unless otherwise indicated) Biogenic Carbon Dioxide (“CO2”) Beneficial Use: – Signed contract to deliver 140 tons of CO2 from Texas facilities – 15-year contract with European Energy North America – Began incurring capital expen
Slide 14: GreenWave Joint Venture – Second Quarter 2025 Highlights
Business Development GreenWave Joint Venture – Second Quarter 2025 Highlights – Formed joint venture with Pioneer Renewables Energy Marketing – Expect to be RIN generator – Expect to receive separated RINs as distributions – Capital investment is approximately $4,500 Please refer to the Cautionary S
Slide 15: Income Tax and Tax Attributes – Second Quarter 2025 Highlights
Business Development Income Tax and Tax Attributes – Second Quarter 2025 Highlights – Recognized $826 in tax benefits related to our 2024 Pico digestion expansion project – On July 4, 2025, One Big Beautiful Bill Act Act signed into Law – Anticipate 50-75% project capital to qualify for investment t
Slide 16: Appendix
Appendix MONTAUK
Slide 17: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 17