Montauk Renewables Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	176.38	175.74	174.9	205.56	148.13
Revenue Growth (YoY)	0.37%	0.48%	-14.91%	38.77%	47.56%
Fuel and Purchased Power Expense	32.95	31.5	34.86	44.16	28.68
Operations and Maintenance Expenses	77.65	66.66	59.76	57.27	49.48
Gross Profit	65.79	77.57	80.28	104.13	69.97
Depreciation & Amortization Expenses	29.97	23.52	21.16	20.7	22.87
Other Operating Expenses	34.97	37.93	35.48	39.49	44.43
Operating Income	0.85	16.12	23.64	43.94	2.67
Interest Expense	-4.82	-5.28	-5.75	-1.79	-2.93
Other Non-Operating Income (Expense)	-1.49	1.33	0.48	0.47	-0.77
Total Non-Operating Income (Expense)	-6.31	-3.95	-5.27	-1.32	-3.7
Pretax Income	-5.46	12.18	18.37	42.62	-1.03
Provision for Income Taxes	-4.24	2.44	3.42	8.05	4.16
Net Income	1.75	9.73	14.95	35.19	-4.53
Net Income to Common	1.75	9.73	14.95	35.19	-4.53
Net Income Growth	-82.04%	-34.88%	-57.53%	-	-
Shares Outstanding (Basic)	143	142	142	141	141
Shares Outstanding (Diluted)	143	142	142	143	141
Shares Change (YoY)	0.48%	0.17%	-0.30%	1.11%	-0.03%
EPS (Basic)	0.01	0.07	0.11	0.25	-0.03
EPS (Diluted)	0.01	0.07	0.11	0.25	-0.03
EPS Growth	-85.71%	-36.36%	-56.00%	-	-
Shares Outstanding	143.24	142.71	141.99	141.63	141.02
Free Cash Flow	-86.21	-18.53	-22.04	58.79	32.89
Free Cash Flow Growth	-	-	-	78.73%	198.00%
Free Cash Flow Per Share	-0.60	-0.13	-0.16	0.41	0.23
Gross Margin	37.30%	44.14%	45.90%	50.66%	47.23%
Operating Margin	0.48%	9.17%	13.52%	21.38%	1.80%
Profit Margin	-0.69%	5.54%	8.55%	16.82%	-3.51%
FCF Margin	-48.88%	-10.54%	-12.60%	28.60%	22.21%
EBITDA	30.82	39.64	44.8	64.64	25.54
EBITDA Margin	17.48%	22.56%	25.61%	31.45%	17.24%
EBIT	0.85	16.12	23.64	43.94	2.67
EBIT Margin	0.48%	9.17%	13.52%	21.38%	1.80%
Effective Tax Rate	77.61%	20.06%	18.61%	18.88%	-403.59%

Updated Mar 11, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q