Montauk Renewables, Inc. cash flow statement
In fiscal 2025, Montauk Renewables, Inc.'s operations generated $30.3m of cash; it spent $117m on capital projects, leaving free cash flow of −$86.2m. It returned $419,000 through buybacks.
Cash flow statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 28 | 29 | 43 | 81 | 41 | 44 | 30 | 43 |
| Depreciation and amortisation | 20 | 22 | 23 | 21 | 21 | 24 | 30 | 33 |
| Stock-based pay | 1 | 1 | 22 | 10 | 8 | 10 | 4 | 2 |
| Capital spending | 46 | 18 | 10 | 22 | 63 | 62 | 117 | 127 |
| Free cash flow | −18 | 11 | 33 | 59 | −22 | −19 | −86 | −83 |
| Free cash flow after stock pay | −18 | 10 | 10 | 49 | −30 | −28 | −91 | −85 |
| Share buybacks | 0 | — | 11 | 0 | 0 | 2 | 0 | — |
| Shares issued | — | — | 16 | 0 | 0 | 0 | 0 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 29 | 1 | 9 | 8 | 13 | 0 | 16 | 15 |
| Depreciation and amortisation | 6 | 6 | 6 | 7 | 8 | 8 | 8 | 8 |
| Stock-based pay | 3 | 1 | 1 | 2 | 1 | −0 | 1 | 1 |
| Capital spending | 13 | 9 | 12 | 34 | 30 | 41 | 31 | 25 |
| Free cash flow | 16 | −8 | −2 | −25 | −17 | −41 | −15 | −10 |
| Free cash flow after stock pay | 13 | −10 | −4 | −28 | −18 | −41 | −16 | −11 |
| Shares issued | 0 | 0 | — | — | 0 | 0 | — | — |
Compare with peers
- Spruce Power Holding Corp cash flow
- Enlight Renewable Energy Ltd. cash flow
- Sunation Energy, Inc. cash flow
- Ellomay Capital Ltd. cash flow
- Ormat Technologies, Inc. cash flow
Head to head: MNTK vs SPRUENLT vs MNTKMNTK vs SUNE
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