Quarterly ResultAug 5, 2026, 04:32 PM
Montauk Q2 Revenue $54.0M, Net Income $0.2M, Adj. EBITDA $12.3M
AI Summary
Montauk Renewables reported strong financial results for Q2 2026, with revenues reaching $54.0 million, a 19.7% increase year-over-year. The company achieved a net income of $0.2 million, a significant improvement from a net loss in the prior year, and Non-GAAP Adjusted EBITDA surged by 144.5% to $12.3 million. Operationally, RNG production increased by 3%, and RINs sold grew by 29.1%. Montauk also commenced power generation at its Turkey, NC facility and made substantial progress in securing feedstock collection agreements, though it adjusted its full-year outlook for Renewable Electricity Generation (REG) revenues and volumes.
Key Highlights
- Q2 2026 Revenues: $54.0 million, increased 19.7% year-over-year.
- Q2 2026 Net income: $0.2 million, increased 104.1% year-over-year from a loss.
- Q2 2026 Non-GAAP Adjusted EBITDA: $12.3 million, increased 144.5% year-over-year.
- Q2 2026 RNG production: 1.5 million MMBtu, increased 3% year-over-year.
- Q2 2026 RINs from operations sold: 14.3 million, increased 29.1% year-over-year.
- Turkey, North Carolina facility began generating power for sale in July 2026.
- Secured long-term agreements for over 350,000 hog spaces for feedstock collection.
- Full-year 2026 REG revenues outlook reduced to $23-$26 million.
Price Impact
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