Filing Flows › Montauk Renewables (MNTK) › Q2 2025
Montauk Renewables (MNTK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Montauk Renewables (MNTK) reported revenue of $45.1M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +6% from the quarter before. Operating margin was -5.2%, net loss $5.5M (12.2% of revenue).
Montauk Renewables, Q2 2025: revenue $45.1M (+4% year over year), operating margin -5.2%, net loss $5.5M, operating cash flow $8.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.1M | +6% | +4% |
| Operating profit | −$2.4M | -674% | — |
| Net earnings | −$5.5M | — | — |
| Operating cash flow | $8.2M | -10% | 43× |
What changed
Revenue was $45.1M in Q2 2025, up 4% year over year and up 6% from the previous quarter. Natural Gas Environmental Attributes was the largest line at 60% of revenue. Natural Gas Commodity added $6.3M year over year (up 90%), 355% of the total change. Natural Gas Environmental Attributes declined 14%.
Operating costs exceeded revenue by $2.4M, an operating margin of -5.2%. The quarter ended with a net loss of $5.5M, wider than the previous quarter's $464K loss.
Operating cash flow was $8.2M (up 4152% year over year). Non-cash charges added back $7.0M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $33.7M exceeded it, leaving free cash flow of −$25.5M.
Questions
What was Montauk Renewables' revenue in the second quarter 2025?
Montauk Renewables (MNTK) reported revenue of $45.1M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +6% from the quarter before.
Was Montauk Renewables profitable in the second quarter 2025?
Operating loss was $2.4M (-5.2% of revenue) and net loss $5.5M.
Source: Montauk Renewables 10-Q on SEC EDGAR.