Montauk Renewables Inc

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 8, 2024

MNTK$1.19-57.2%Stored close · as of Nov 10, 2026

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Contents

Unaudited consolidated statements of operations

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except for share and per share data):

	For the three months ended June 30,		For the six months ended June 30,
	2024	2023	2024	2023
Total operating revenues	$43,338	$53,256	$82,125	$72,409
Operating expenses:
Operating and maintenance expenses	18,662	15,221	33,113	29,402
General and administrative expenses	8,737	8,745	18,166	18,220
Royalties, transportation, gathering and production fuel	9,077	10,205	15,593	14,138
Depreciation, depletion and amortization	5,823	5,251	11,257	10,447
Impairment loss	171	274	699	726
Transaction costs	—	3	61	86
Total operating expenses	$42,470	$39,699	$78,889	$73,019
Operating income (loss)	$868	$13,557	$3,236	$(610)
Other expenses (income):
Interest expense	$1,286	$711	$2,451	$2,386
Other income	(50)	(90)	(1,110)	(84)
Total other expenses (income)	$1,236	$621	$1,341	$2,302
(Loss) income before income taxes	$(368)	$12,936	$1,895	$(2,912)
Income tax expense (benefit)	344	11,933	757	(127)
Net (loss) income	$(712)	$1,003	$1,138	$(2,785)
(Loss) income per share:
Basic	$(0.01)	$0.01	$0.01	$(0.02)
Diluted	$(0.01)	$0.01	$0.01	$(0.02)
Weighted-average common shares outstanding:
Basic	142,069,697	141,633,417	142,027,943	141,633,417
Diluted	142,069,697	142,045,498	142,252,085	141,633,417

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.