Filing Flows › Montauk Renewables (MNTK) › Q1 2026 › vs Q1 2025
Montauk Renewables (MNTK) Q1 2026 vs Q1 2025 (year over year)
Montauk Renewables's revenue rose $3.8M (+9%) from $42.6M in Q1 2025 to $46.4M in Q1 2026. The biggest changes: Natural Gas Environmental Attributes +$10.5M (+42%); Natural Gas Commodity −$6.5M (-49%); Electric Commodity −$147K (-6%).
Montauk Renewables, Q1 2026: revenue $46.4M (+9% year over year), operating margin -3.4%, net earnings $5K, operating cash flow $15.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas Environmental Attributes | $35.5M | $25.0M | $10.5M | +42% |
| Natural Gas Commodity | $6.8M | $13.2M | −$6.5M | -49% |
| Electric Commodity | $2.5M | $2.7M | −$147K | -6% |
| Electric Environmental Attributes | $1.7M | $1.7M | −$8K | -0.5% |
| Revenue | $46.4M | $42.6M | $3.8M | +9% |
| Other income, net | $1.3M | −$1.2M | $2.5M | — |
| Income tax benefit | $298K | $317K | −$19K | -6% |
| Costs & expenses | $48.0M | $43.4M | $4.6M | +11% |
| Operating costs | $48.0M | $42.2M | $5.8M | +14% |
| Net earnings | $5K | −$464K | $469K | — |
| General & admin | $8.0M | $8.8M | −$735K | -8% |
| Other operating costs | $40.0M | $33.4M | $6.6M | +20% |
| Operating cash sources | $15.8M | $9.1M | $6.7M | +73% |
| Depreciation & amortization | $8.4M | $6.3M | $2.1M | +34% |
| Share-based compensation | $635K | $1.3M | −$639K | -50% |
| Working capital & other | $6.8M | $2.1M | $4.8M | +231% |
| Operating cash flow | $15.8M | $9.1M | $6.7M | +73% |
| Capital expenditures | $30.9M | $11.6M | $19.2M | +165% |
| Negative free cash flow (OCF − capex) | $15.0M | $2.5M | $12.5M | +503% |
Questions
How much did Montauk Renewables's revenue grow year over year in Q1 2026?
Montauk Renewables's revenue rose $3.8M (+9%) from $42.6M in Q1 2025 to $46.4M in Q1 2026.
What drove Montauk Renewables's revenue change in Q1 2026?
Natural Gas Environmental Attributes +$10.5M (+42%); Natural Gas Commodity −$6.5M (-49%); Electric Commodity −$147K (-6%).