Filing Flows › Montauk Renewables (MNTK) › Q1 2026
Montauk Renewables (MNTK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Montauk Renewables (MNTK) reported revenue of $46.4M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +7% from the quarter before. Operating margin was -3.4%, net earnings $5K (0.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.4M | +7% | +9% |
| Operating profit | −$1.6M | — | -490% |
| Net earnings | $5K | -100% | — |
| Operating cash flow | $15.8M | 47× | +73% |
What changed
Revenue was $46.4M in Q1 2026, up 9% year over year and up 7% from the previous quarter. Natural Gas Environmental Attributes was the largest line at 76% of revenue. Natural Gas Environmental Attributes added $10.5M year over year (up 42%), 274% of the total change. Natural Gas Commodity declined 49%.
Operating costs exceeded revenue by $1.6M, an operating margin of -3.4%. Total costs grew 14% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $5K. Non-operating items added $1.3M, -446% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $15.8M (up 73% year over year), 316920% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization and $635K of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $30.9M exceeded it, leaving free cash flow of −$15.0M.
Questions
What was Montauk Renewables' revenue in the first quarter 2026?
Montauk Renewables (MNTK) reported revenue of $46.4M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +7% from the quarter before.
Was Montauk Renewables profitable in the first quarter 2026?
Operating loss was $1.6M (-3.4% of revenue) and net earnings $5K.
Source: Montauk Renewables 10-Q on SEC EDGAR.