Montauk Renewables Inc

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 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 monthsended September 30,		For the nine monthsended September 30,
	2024	2023	2024	2023
Total operating revenues	$65,917	$55,688	$148,042	$128,097
Operating expenses:
Operating and maintenance expenses	15,484	14,212	48,596	43,614
General and administrative expenses	10,037	7,848	28,202	26,069
Royalties, transportation, gathering and production fuel	11,107	11,450	26,702	25,588
Depreciation, depletion and amortization	6,048	5,346	17,305	15,792
Impairment loss	533	51	1,232	777
Transaction costs	—	—	61	86
Total operating expenses	$43,209	$38,907	$122,098	$111,926
Operating income	$22,708	$16,781	$25,944	$16,171
Other expenses (income):
Interest expense	$1,835	$1,295	$4,285	$3,681
Other income	(140)	(256)	(1,249)	(340)
Total other expenses	$1,695	$1,039	$3,036	$3,341
Income before income taxes	$21,013	$15,742	$22,908	$12,830
Income tax expense	3,965	2,808	4,722	2,681
Net income	$17,048	$12,934	$18,186	$10,149
Income per share:
Basic	$0.12	$0.09	$0.13	$0.07
Diluted	$0.12	$0.09	$0.13	$0.07
Weighted-average common shares outstanding:
Basic	142,410,940	141,717,612	142,156,540	141,661,790
Diluted	142,620,332	142,299,875	142,331,541	142,000,827

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.