Filing Flows › Montauk Renewables (MNTK) › Q2 2026
Montauk Renewables (MNTK) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Montauk Renewables (MNTK) reported revenue of $54.0M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +16% from the quarter before. Operating margin was -0.1%, net earnings $226K (0.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.0M | +16% | +20% |
| Operating profit | −$75K | — | — |
| Net earnings | $226K | 45× | — |
| Operating cash flow | $14.6M | -8% | +78% |
What changed
Revenue was $54.0M in Q2 2026, up 20% year over year and up 16% from the previous quarter. Natural Gas Environmental Attributes was the largest line at 83% of revenue. Natural Gas Environmental Attributes added $17.4M year over year (up 64%), 195% of the total change. Natural Gas Commodity declined 64%.
Operating costs exceeded revenue by $75K, an operating margin of -0.1%. Total costs grew 14% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $226K. The effective tax rate was 89.8%. Non-operating items added $2.3M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $14.6M (up 78% year over year), 6460% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $516K of share-based compensation. Working capital and other items added $6.0M. Capital expenditures of $24.7M exceeded it, leaving free cash flow of −$10.1M.
Questions
What was Montauk Renewables' revenue in the second quarter 2026?
Montauk Renewables (MNTK) reported revenue of $54.0M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +16% from the quarter before.
Was Montauk Renewables profitable in the second quarter 2026?
Operating loss was $75K (-0.1% of revenue) and net earnings $226K.
Source: Montauk Renewables 10-Q on SEC EDGAR.