Montauk Renewables Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	160.68	175.74	174.9	205.56	148.13	100.38
Revenue Growth (YoY)	-17.54%	0.48%	-14.91%	38.77%	47.56%	-5.04%
Fuel and Purchased Power Expense	29.97	31.5	34.86	44.16	28.68	18.28
Operations and Maintenance Expenses	74.97	66.66	59.76	57.27	49.48	43.46
Gross Profit	55.75	77.57	80.28	104.13	69.97	38.64
Depreciation & Amortization Expenses	27.84	23.52	21.16	20.7	22.87	22.12
Other Operating Expenses	35.22	37.93	35.48	39.49	44.43	20.81
Operating Income	-7.32	16.12	23.64	43.94	2.67	-4.29
Interest Expense	-4.53	-5.28	-5.75	-1.79	-2.93	-4.34
Other Non-Operating Income (Expense)	0.08	1.33	0.48	0.47	-0.77	-0.64
Total Non-Operating Income (Expense)	-4.45	-3.95	-5.27	-1.32	-3.7	-4.97
Pretax Income	-11.76	12.18	18.37	42.62	-1.03	-9.26
Provision for Income Taxes	-2.57	2.44	3.42	8.05	4.16	-6
Net Income	-9.2	9.73	14.95	35.19	-4.53	4.6
Net Income to Common	-9.2	9.73	14.95	35.19	-4.53	4.6
Net Income Growth	-	-34.88%	-57.53%	-	-	-20.91%
Shares Outstanding (Basic)	143	142	142	141	141	141
Shares Outstanding (Diluted)	143	142	142	143	141	141
Shares Change (YoY)	0.33%	0.17%	-0.30%	1.11%	-0.03%	-
EPS (Basic)	-0.06	0.07	0.11	0.25	-0.03	0.03
EPS (Diluted)	-0.06	0.07	0.11	0.25	-0.03	0.03
EPS Growth	-	-36.36%	-56.00%	-	-	-25.00%
Free Cash Flow	-53.37	-18.53	-22.04	58.79	32.89	11.04
Free Cash Flow Growth	-	-	-	78.73%	198.00%	-
Free Cash Flow Per Share	-0.37	-0.13	-0.16	0.41	0.23	0.08
Gross Margin	34.69%	44.14%	45.90%	50.66%	47.23%	38.49%
Operating Margin	-4.55%	9.17%	13.52%	21.38%	1.80%	-4.27%
Profit Margin	-5.72%	5.54%	8.55%	16.82%	-3.51%	-3.25%
FCF Margin	-33.22%	-10.54%	-12.60%	28.60%	22.21%	11.00%
EBITDA	20.53	39.64	44.8	64.64	25.54	17.83
EBITDA Margin	12.77%	22.56%	25.61%	31.45%	17.24%	17.76%
EBIT	-7.32	16.12	23.64	43.94	2.67	-4.29
EBIT Margin	-4.55%	9.17%	13.52%	21.38%	1.80%	-4.27%
Effective Tax Rate	21.81%	20.06%	18.61%	18.88%	-403.59%	64.74%

Updated Nov 5, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q