MNTK Earnings Prediction
The chart below shows how MNTK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MNTK sees a +3.01% change in stock price 10 days leading up to the earnings, and a +3.32% change 10 days following the report. On the earnings day itself, the stock moves by +1.47%. This data can give you a slight idea of what to expect for the next quarter's release.
MNTK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
65.92M
18.37%
52.10%
Gross Margin
50.48%
13.90%
123.76%
Operating Margin
35.26%
16.64%
1369.17%
Net Margin
25.86%
11.32%
-1676.83%
EPS
0.12
33.33%
-1300.00%
No Data Available
MNTK Earnings Analysis
Montauk Renewables, Inc. Common Stock Corporation (MNTK.O) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: Total revenues in Q3 2024 reached $65.9 million, an increase of $10.2 million or 18.4% compared to $55.7 million in Q3 2023.
RIN Sales Growth: 2. Increased RIN Sales: The company self-marketed 15.8 million RINs in Q3 2024, a 14.5% increase from 13.8 million RINs in Q3 2023, with average pricing rising 9.5% to $3.34.
Operating Income Surge: 3. Operating Income Improvement: Operating income for Q3 2024 was $22.7 million, reflecting a 35.3% increase from $16.8 million in Q3 2023, driven by strong performance in the RNG segment.
Cash Generation Surge: 4. Significant Cash Generation: Cash generated from operating activities was $43.1 million in Q3 2024, a remarkable increase of 119.9% compared to $19.6 million in Q3 2023.
Adjusted EBITDA Increase: 5. Adjusted EBITDA Growth: Adjusted EBITDA for Q3 2024 was $29.4 million, marking a 31.3% increase from $22.4 million in Q3 2023, showcasing improved operational efficiency.
Negative
Weather-Related Production Losses: 1. Production Losses Due to Weather: Severe weather events in Houston resulted in an estimated production loss of approximately 100,000 MMBtus during the first nine months of 2024.
Project Commissioning Delay: 2. Delayed Project Commissioning: The Blue Granite RNG project commissioning has been pushed to 2027 due to utility remediation efforts following Hurricane Helene, impacting capital deployment.
Renewable Electricity Decline: 3. Decreased Renewable Electricity Production: Renewable electricity production decreased by approximately 7,000 megawatt hours, or 14.6%, compared to the third quarter of 2023, primarily due to the cessation of operations at the security facility.
Rising Administrative Expenses: 4. Increased General and Administrative Expenses: General and administrative expenses rose to $10 million in Q3 2024, a 27.9% increase from $7.8 million in Q3 2023, driven by higher employee-related costs.
Impairment Increase Noted: 5. Impairments Recorded: The company recorded impairments of $0.5 million in Q3 2024, a significant increase from less than $0.1 million in the same quarter of 2023, related to obsolete RNG equipment.
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MNTK Earning Call Sentiment
Montauk Renewables, Inc. (MNTK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MNTK.O
-5.61%Positive
The earnings call presented mixed signals. Financial performance showed growth, especially in revenue and operating income, suggesting strength. However, delays in key projects like Blue Granite and potential regulatory and weather-related risks pose concerns. The absence of a share repurchase program and the impact of expiring agreements further contribute to uncertainty. The Q&A session did not reveal significant concerns, maintaining a neutral sentiment. Overall, the stock price is likely to remain stable, with no strong catalysts for a significant move in either direction over the next two weeks.
