Montauk Renewables Inc (JSE:MKR)
R 80.95 -2.05 (-2.47%) Market Cap: 11.19 Bil Enterprise Value: 11.33 Bil PE Ratio: 25.75 PB Ratio: 2.13 GF Score: 85/100
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Q3 2024 Montauk Renewables Inc Earnings Call Transcript

Nov 12, 2024 / 10:00 PM GMT
Release Date Price: R92.89 (+3.52%)

Key Points

Positve
  • Montauk Renewables Inc (MNTK) reported a significant increase in total revenues for Q3 2024, reaching $65.9 million, an 18.4% increase compared to Q3 2023.
  • The company achieved a 9.5% increase in realized RIN pricing during Q3 2024 compared to the same period in 2023.
  • Operating income for Q3 2024 increased by 35.3% to $22.7 million compared to Q3 2023.
  • Adjusted EBITDA for Q3 2024 was $29.4 million, marking a 31.3% increase from Q3 2023.
  • Montauk Renewables Inc (MNTK) successfully self-marketed 15.8 million RINs in Q3 2024, a 14.5% increase from Q3 2023.
Negative
  • Severe weather events in Houston, Texas, led to multi-day utility power outages, impacting over half of Montauk Renewables Inc (MNTK)'s RNG production.
  • The Blue Granite RNG project faced delays due to Hurricane Helene, pushing the commissioning expectation to 2027.
  • General and administrative expenses increased by 27.9% in Q3 2024 compared to Q3 2023, primarily due to employee-related costs.
  • The company experienced a decrease in renewable electricity production by 14.6% in Q3 2024 compared to Q3 2023.
  • Landfill-driven delays in wellfield collection infrastructure installations are expected to impact production increases through 2025.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MNTK.OQ - Montauk Renewables Inc
Q3 2024 Montauk Renewables Inc Earnings Call
Nov 12, 2024 / 10:00PM GMT

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Conference Call Participants
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* John Ciroli
Montauk Renewables Inc - Chief Legal Officer, Vice President, General Counsel, Company Secretary
* Sean McClain
Montauk Renewables Inc - President, Chief Executive Officer, Director
* Kevin Van Asdalan
Montauk Renewables Inc - Chief Financial Officer, Treasurer

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Presentation
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Operator [1]
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Good afternoon, everyone, and thank you for participating in today's conference call. I would like to turn the call over to Mr. John Ciroli, as he provides some important cautions regarding forward-looking statements and non-GAAP financial measures contained in the earnings material or made in this call. John, please go ahead
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