Montauk Renewables Reports Flat Revenues, Down 82% Net Income in FY2025

Montauk Renewables reported FY25 revenues of $176.4mln, flat YoY, with net income of $1.7mln, down 82% YoY. Non-GAAP adjusted EBITDA was $35.6mln, down 16.5% YoY. RNG production increased 1% YoY to 5.6mln MMBtu, while RINs sold rose 20.5% to 44.1mln. The company experienced a 29% decrease in average RIN pricing compared to FY24.