Filing Flows › Montauk Renewables (MNTK) › Q1 2026 › vs Q4 2025
Montauk Renewables (MNTK) Q1 2026 vs Q4 2025 (quarter over quarter)
Montauk Renewables's revenue rose $3.0M (+7%) from $43.4M in Q4 2025 to $46.4M in Q1 2026. The biggest changes: Natural Gas Environmental Attributes +$7.4M (+26%); Natural Gas Commodity −$3.9M (-37%); Electric Environmental Attributes −$296K (-15%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas Environmental Attributes | $35.5M | $28.1M | $7.4M | +26% |
| Natural Gas Commodity | $6.8M | $10.7M | −$3.9M | -37% |
| Electric Commodity | $2.5M | $2.7M | −$144K | -5% |
| Electric Environmental Attributes | $1.7M | $2.0M | −$296K | -15% |
| Revenue | $46.4M | $43.4M | $3.0M | +7% |
| Other income, net | $1.3M | $194K | $1.1M | +573% |
| Income tax benefit | $298K | $3.9M | −$3.7M | -92% |
| Costs & expenses | $48.0M | $47.5M | $495K | +1% |
| Operating costs | $48.0M | $45.0M | $3.0M | +7% |
| Net earnings | $5K | $2.5M | −$2.5M | -100% |
| General & admin | $8.0M | $7.4M | $593K | +8% |
| Other operating costs | $40.0M | $37.6M | $2.4M | +6% |
| Operating cash sources | $15.8M | $337K | $15.5M | 47× |
| Depreciation & amortization | $8.4M | $8.3M | $35K | +0.4% |
| Share-based compensation | $635K | $0 | $635K | — |
| Working capital & other | $6.8M | −$10.5M | $17.3M | — |
| Operating cash flow | $15.8M | $337K | $15.5M | 47× |
| Capital expenditures | $30.9M | $41.4M | −$10.6M | -26% |
| Negative free cash flow (OCF − capex) | $15.0M | $41.1M | −$26.1M | -63% |
Questions
How much did Montauk Renewables's revenue grow quarter over quarter in Q1 2026?
Montauk Renewables's revenue rose $3.0M (+7%) from $43.4M in Q4 2025 to $46.4M in Q1 2026.
What drove Montauk Renewables's revenue change in Q1 2026?
Natural Gas Environmental Attributes +$7.4M (+26%); Natural Gas Commodity −$3.9M (-37%); Electric Environmental Attributes −$296K (-15%).