Montauk Renewables Q1 revenue rises, beats estimates

Montauk Renewables

06/05/2026 21:47

Overview

US biogas-to-RNG producer's Q1 revenue rose 9% yr/yr

Adjusted EBITDA for Q1 beat analyst expectations, driven by higher RINs sold

Company entered new $200 mln credit facility and extended Raeger gas rights to 2031

Outlook

Montauk Renewables sees 2026 RNG revenues between $175 mln and $190 mln, unchanged

Company expects 2026 RNG production volumes between 5.8 mln and 6.0 mln MMBtu, unchanged

Montauk Renewables 2026 REG revenues outlook to $33 mln-$37 mln

Result Drivers

RIN SALES INCREASE - Higher RINs sold, including from the GreenWave joint venture, drove revenue growth

RNG REVENUE MIX SHIFT - Decline in RNG commodity revenue from expiring fixed price contracts was offset by more RINs sold

FACILITY-LEVEL PRODUCTION CHANGES - Flat overall RNG production, with output declines at Galveston and McCarty offset by gains at Atascocita and Apex

Company press release: ID:nGNX1bHHFg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$46.43 mln
$43.16 mln (2 Analysts)
Q1 Net Income
$5,000
Q1 Adjusted EBITDA
Beat
$10.80 mln
$7.03 mln (3 Analysts)
Q1 Operating income
-$1.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Montauk Renewables Inc is $2.00, about 29.9% above its May 5 closing price of $1.54

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)