Filing Flows › Montauk Renewables (MNTK) › Q2 2026 › vs Q2 2025
Montauk Renewables (MNTK) Q2 2026 vs Q2 2025 (year over year)
Montauk Renewables's revenue rose $8.9M (+20%) from $45.1M in Q2 2025 to $54.0M in Q2 2026. The biggest changes: Natural Gas Environmental Attributes +$17.4M (+64%); Natural Gas Commodity −$8.6M (-64%); Electric Commodity +$109K (+4%).
Montauk Renewables, Q2 2026: revenue $54.0M (+20% year over year), operating margin -0.1%, net earnings $226K, operating cash flow $14.6M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Natural Gas Environmental Attributes | $44.6M | $27.3M | $17.4M | +64% |
| Natural Gas Commodity | $4.8M | $13.4M | −$8.6M | -64% |
| Electric Commodity | $2.6M | $2.5M | $109K | +4% |
| Electric Environmental Attributes | $2.0M | $1.9M | $70K | +4% |
| Revenue | $54.0M | $45.1M | $8.9M | +20% |
| Other income, net | $2.3M | −$1.3M | $3.5M | — |
| Costs & expenses | $56.3M | $50.6M | $5.7M | +11% |
| Operating costs | $54.1M | $47.5M | $6.6M | +14% |
| Income tax | $2.0M | $1.9M | $114K | +6% |
| Net earnings | $226K | −$5.5M | $5.7M | — |
| General & admin | $7.7M | $9.0M | −$1.4M | -15% |
| Other operating costs | $46.4M | $38.4M | $8.0M | +21% |
| Operating cash sources | $14.6M | $8.2M | $6.4M | +78% |
| Depreciation & amortization | $7.9M | $7.0M | $875K | +12% |
| Share-based compensation | $516K | $2.4M | −$1.8M | -78% |
| Working capital & other | $6.0M | $4.3M | $1.7M | +38% |
| Operating cash flow | $14.6M | $8.2M | $6.4M | +78% |
| Capital expenditures | $24.7M | $33.7M | −$9.0M | -27% |
| Negative free cash flow (OCF − capex) | $10.1M | $25.5M | −$15.4M | -60% |
Questions
How much did Montauk Renewables's revenue grow year over year in Q2 2026?
Montauk Renewables's revenue rose $8.9M (+20%) from $45.1M in Q2 2025 to $54.0M in Q2 2026.
What drove Montauk Renewables's revenue change in Q2 2026?
Natural Gas Environmental Attributes +$17.4M (+64%); Natural Gas Commodity −$8.6M (-64%); Electric Commodity +$109K (+4%).