Montauk Renewables Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	180.21	176.38	175.74	174.9	205.56	148.13
Revenue Growth (YoY)	0.36%	0.37%	0.48%	-14.91%	38.77%	47.56%
Fuel and Purchased Power Expense	33.41	32.95	31.5	34.86	44.16	28.68
Operations and Maintenance Expenses	83.24	77.65	66.66	59.76	57.27	49.48
Gross Profit	63.55	65.79	77.57	80.28	104.13	69.97
Depreciation & Amortization Expenses	32.08	29.97	23.52	21.16	20.7	22.87
Other Operating Expenses	32.63	34.97	37.93	35.48	39.49	44.43
Operating Income	-1.16	0.85	16.12	23.64	43.94	2.67
Interest Expense	-4.91	-4.82	-5.28	-5.75	-1.79	-2.93
Other Non-Operating Income (Expense)	-4.06	-1.49	1.33	0.48	0.47	-0.77
Total Non-Operating Income (Expense)	-8.97	-6.31	-3.95	-5.27	-1.32	-3.7
Pretax Income	-10.12	-5.46	12.18	18.37	42.62	-1.03
Provision for Income Taxes	-4.22	-4.24	2.44	3.42	8.05	4.16
Net Income	2.22	1.75	9.73	14.95	35.19	-4.53
Net Income to Common	2.22	1.75	9.73	14.95	35.19	-4.53
Net Income Growth	-70.12%	-82.04%	-34.88%	-57.53%	-	-
Shares Outstanding (Basic)	143	143	142	142	141	141
Shares Outstanding (Diluted)	143	143	142	142	143	141
Shares Change (YoY)	0.51%	0.48%	0.17%	-0.30%	1.11%	-0.03%
EPS (Basic)	0.02	0.01	0.07	0.11	0.25	-0.03
EPS (Diluted)	0.02	0.01	0.07	0.11	0.25	-0.03
EPS Growth	-60.00%	-85.71%	-36.36%	-56.00%	-	-
Shares Outstanding	143.25	143.25	142.71	141.99	141.63	141.02
Free Cash Flow	-98.74	-86.21	-18.53	-22.04	58.79	32.89
Free Cash Flow Growth	-	-	-	-	78.73%	198.00%
Free Cash Flow Per Share	-0.69	-0.60	-0.13	-0.16	0.41	0.23
Gross Margin	35.27%	37.30%	44.14%	45.90%	50.66%	47.23%
Operating Margin	-0.64%	0.48%	9.17%	13.52%	21.38%	1.80%
Profit Margin	-3.28%	-0.69%	5.54%	8.55%	16.82%	-3.51%
FCF Margin	-54.79%	-48.88%	-10.54%	-12.60%	28.60%	22.21%
EBITDA	30.93	30.82	39.64	44.8	64.64	25.54
EBITDA Margin	17.16%	17.48%	22.56%	25.61%	31.45%	17.24%
EBIT	-1.16	0.85	16.12	23.64	43.94	2.67
EBIT Margin	-0.64%	0.48%	9.17%	13.52%	21.38%	1.80%
Effective Tax Rate	41.64%	77.61%	20.06%	18.61%	18.88%	-403.59%

Updated May 6, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q