Montauk Renewables, Inc. income statement
In fiscal 2025, Montauk Renewables, Inc. reported revenue of $176m, up 0.4% on the year before, operating income of $852,000 (a 0.5% margin) and net income of $1.7m, or $0.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 106 | 100 | 148 | 206 | 175 | 176 | 176 | 189 |
| Gross profit | 31 | 25 | 25 | 66 | 45 | — | — | — |
| General and administrative | 14 | 17 | 43 | 34 | 34 | 36 | 32 | 30 |
| Operating income | 11 | 4 | 3 | 45 | 24 | 16 | 1 | 1 |
| Interest expense | 6 | 4 | 3 | 2 | 6 | 5 | 5 | 5 |
| Income before tax | 5 | −1 | −0 | 43 | 18 | 12 | −2 | 4 |
| Income tax | −0 | −6 | 4 | 8 | 3 | 2 | −4 | −4 |
| Net income | 6 | 5 | −5 | 35 | 15 | 10 | 2 | 8 |
| Diluted EPS | — | — | −$0.03 | $0.25 | $0.11 | $0.07 | $0.01 | $0.06 |
| Diluted shares (average) | — | — | 141m | 143m | 142m | 142m | 143m | 143m |
| EBITDA | 31 | 26 | 26 | 65 | 45 | 40 | 31 | 34 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 28 | 43 | 45 | 45 | 43 | 46 | 54 |
| Gross profit | 29 | — | — | — | — | — | — | — |
| General and administrative | 10 | 8 | 9 | 9 | 7 | 7 | 8 | 8 |
| Operating income | 23 | −10 | 0 | −2 | 4 | −2 | −2 | −0 |
| Interest expense | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Income before tax | 21 | −11 | −1 | −4 | 3 | −1 | −0 | 2 |
| Income tax | 4 | −2 | −0 | 2 | −2 | −4 | −0 | 2 |
| Net income | 17 | −8 | −0 | −5 | 5 | 2 | 0 | 0 |
| Diluted EPS | $0.12 | −$0.06 | $0.00 | −$0.04 | $0.04 | $0.02 | $0.00 | $0.00 |
| EBITDA | 29 | −4 | 7 | 5 | 13 | 7 | 7 | 8 |
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