Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q3 2025 Earnings Presentation
14 slides from Montauk Renewables's earnings presentation, Nov 6, 2025
Slide 1: Investor Presentation: Third Quarter 2025 Results
Investor Presentation THIRD QUARTER 2025 RESULTS NOVEMBER 6, 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 September 30, 2025
Operational Results – Quarter Ended September 30, 2025 (in thousands, unless otherwise indicated) All comparisons are between the third quarter ended September 30, 2025 and the third quarter ended September 30, 2024, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 53 MMBtu increas
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: – $21,634 depreciation, depletion, and amortization – $4,454 accounting for stock-based compensation – $2,472 accounting for impairment – $(269) benefit for deferred income taxes Investing activities h
Slide 8: Business Development: RIN Metric Highlights
Business Development RIN Metric Highlights (in thousands, unless otherwise indicated) Third Quarter 2025 Highlights – EPA BRRR rules requiring RIN separation deferred RIN generation by approximately one month – Approximately 10 RINs in inventory from 2025 RNG production – Approximately 749 RINs gene
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: Montauk Ag Renewables – Third Quarter 2025 Highlights
Business Development Montauk Ag Renewables – Third 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 – Expect negotiated
Slide 12: GreenWave Joint Venture – Third Quarter 2025 Highlights
Business Development GreenWave Joint Venture – Third Quarter 2025 Highlights – Joint venture with Pioneer Renewables Energy Marketing – Began matching available RNG capacity to dispensing opportunities – Separated RINs for a limited amount of volumes – Expect increased benefits in the fourth quarter
Slide 13: Appendix
Appendix MONTAUK
Slide 14: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 14