Montauk Renewables, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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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.
Jun 30, 2026 · Filed Aug 5, 2026
MNTK$1.19-57.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited consolidated statements of cash flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| (in thousands): | Six Months Ended June 30, | |
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $231 | $(5,951) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 16,277 | 13,293 |
| Provision for deferred income taxes | 2,095 | 1,596 |
| Loss on extinguishment of debt | 944 | — |
| Stock-based compensation | 1,151 | 3,639 |
| Derivative mark-to-market adjustments and settlements | 220 | 341 |
| Net (gain) loss on sale or disposal of assets | (13) | 36 |
| Decrease in earn-out liability | — | 360 |
| Accretion of asset retirement obligations | 258 | 239 |
| Amortization of debt issuance costs | 482 | 195 |
| Impairment loss | 1,093 | 2,424 |
| Non-cash expense - RINs from equity method investment | 7,201 | — |
| Income from equity method investment | (7,092) | — |
| Cash provided (used) by changes in assets and labilities: | ||
| Accounts receivable | 3,613 | 629 |
| Royalty offset long term receivable | (2,921) | (2,645) |
| Critical spare inventory | (204) | (1,030) |
| Prepaid insurance and expenses | (1,371) | (2,003) |
| Income tax payables | (606) | (606) |
| Accounts payable and Accrued liabilities | 8,935 | 7,247 |
| Other | 152 | (418) |
| Net cash provided by operating activities | $30,445 | $17,346 |
| Cash flows from investing activities: | ||
| Capital expenditures | $(55,560) | $(45,298) |
| Capital contributions to equity method investments | — | (2,150) |
| Cash collateral deposits | — | 2 |
| Proceeds from sale of assets | 33 | — |
| Net cash used in investing activities | $(55,527) | $(47,446) |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | $(44,000) | $(6,000) |
| Borrowings of long-term debt | 155,000 | 20,000 |
| Repayments of revolver | (105,000) | — |
| Borrowings of revolver | 20,000 | — |
| Debt extinguishment costs | (944) | — |
| Debt issuance costs | (5,644) | — |
| Common stock issuance | — | 4 |
| Treasury stock purchase | — | (354) |
| Finance lease payments | (30) | (36) |
| Net cash provided in financing activities | $19,382 | $13,614 |
| Net decrease in cash and cash equivalents and restricted cash | $(5,700) | $(16,486) |
| Cash and cash equivalents and restricted cash at beginning of period | $24,190 | $46,004 |
| Cash and cash equivalents and restricted cash at end of period | $18,490 | $29,518 |
| Reconciliation of cash, cash equivalents, and restricted cash at end of period: | ||
| Cash and cash equivalents | $15,757 | $29,133 |
| Restricted cash and cash equivalents - current | 8 | 8 |
| Restricted cash and cash equivalents - non-current | 2,725 | 377 |
| $18,490 | $29,518 | |
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental cash flow information: | ||
| Cash paid for interest, net of $4,426 and $64 capitalized respectively | $3,178 | $2,501 |
| Cash paid for income taxes | 202 | 569 |
| Accrual for purchase of property, plant and equipment included in accounts payable and accrued liabilities | 17,275 | 19,367 |
| Non-cash RIN distribution from equity method investment | 7,201 | — |
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