Filing Flows › Montauk Renewables (MNTK) › Q1 2025
Montauk Renewables (MNTK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Montauk Renewables (MNTK) reported revenue of $42.6M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +54% from the quarter before. Operating margin was 1.0%, net loss $464K (1.1% of revenue).
Montauk Renewables, Q1 2025: revenue $42.6M (+10% year over year), operating margin 1.0%, net loss $464K, operating cash flow $9.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.6M | +54% | +10% |
| Operating profit | $410K | — | — |
| Net earnings | −$464K | — | — |
| Operating cash flow | $9.1M | 13× | -36% |
What changed
Revenue was $42.6M in Q1 2025, up 10% year over year and up 54% from the previous quarter. Natural Gas Environmental Attributes was the largest line at 59% of revenue. Natural Gas Commodity added $5.7M year over year (up 76%), 150% of the total change. Electric Commodity declined 12%.
Operating profit was $410K, a 1.0% margin (down 5.1 points year over year). Operating profit fell $2.0M even though revenue rose $3.8M versus a year earlier, so costs grew faster than sales. The quarter ended with a net loss of $464K, narrower than the previous quarter's $8.5M loss. Net interest and other expense of $1.2M was the main reason.
Operating cash flow was $9.1M (down 36% year over year). Non-cash charges added back $6.3M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $11.6M exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Montauk Renewables' revenue in the first quarter 2025?
Montauk Renewables (MNTK) reported revenue of $42.6M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +54% from the quarter before.
Was Montauk Renewables profitable in the first quarter 2025?
Operating profit was $410K (1.0% of revenue) and net loss $464K.
Source: Montauk Renewables 10-Q on SEC EDGAR.