Montauk Renewables Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
MNTK$1.19-57.2%Stored close · as of Nov 10, 2026
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Unaudited consolidated statements of operations
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except for share and per share data):
| for the three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Total operating revenues | $38,787 | $19,154 |
| Operating expenses: | ||
| Operating and maintenance expenses | 14,451 | 14,182 |
| General and administrative expenses | 9,427 | 9,475 |
| Royalties, transportation, gathering and production fuel | 6,518 | 3,933 |
| Depreciation, depletion and amortization | 5,434 | 5,196 |
| Impairment loss | 528 | 451 |
| Transaction costs | 61 | 83 |
| Total operating expenses | $36,419 | $33,320 |
| Operating income (loss) | $2,368 | $(14,166) |
| Other expenses (income): | ||
| Interest expense | $1,165 | $1,675 |
| Other (income) expense | (1,060) | 7 |
| Total other expenses | $105 | $1,682 |
| Income (loss) before income taxes | $2,263 | $(15,848) |
| Income tax expense (benefit) | 413 | (12,060) |
| Net income (loss) | $1,850 | $(3,788) |
| Income (loss) per share: | ||
| Basic | $0.01 | $(0.03) |
| Diluted | $0.01 | $(0.03) |
| Weighted-average common shares outstanding: | ||
| Basic | 141,986,189 | 141,633,417 |
| Diluted | 142,369,219 | 141,633,417 |
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