Quarterly ResultMay 6, 2026, 04:44 PM
Montauk Renewables Q1 Revenue $46.4M, Net Income $5K; Adjusted EBITDA +22.8%
AI Summary
Montauk Renewables reported first-quarter 2026 revenues of $46.4 million, a 9.0% increase year-over-year, and achieved a net income of $5 thousand, up from a net loss of $0.5 million in Q1 2025. Non-GAAP Adjusted EBITDA rose 22.8% to $10.8 million. The company also secured a new five-year senior credit facility of up to $200 million, refinancing existing debt, and commissioned its Montauk Ag Renewables project, with production and revenue expected to start in May 2026. However, full-year Renewable Electricity Generation (REG) revenue guidance was reduced.
Key Highlights
- Revenues increased 9.0% year-over-year to $46.4 million in Q1 2026.
- Net income improved to $5 thousand from a net loss of $0.5 million in Q1 2025.
- Non-GAAP Adjusted EBITDA grew 22.8% year-over-year to $10.8 million.
- RNG production was flat at 1.4 million MMBtu; RINs sold increased 25.5% to 12.4 million.
- Secured a new five-year senior credit facility of up to $200 million, refinancing existing debt.
- Commissioned Montauk Ag Renewables project, with production and revenue starting May 2026.
- Full-year 2026 RNG revenue guidance remains $175-$190 million.
- Full-year 2026 REG revenue guidance reduced to $33-$37 million.