Montauk Renewables Announces Second Quarter 2026 Results

PITTSBURGH, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the second quarter ended June 30, 2026.

Second Quarter Highlights: * Revenues of $54.0 million, increased 19.7 % year-over-year * Net income of $0.2 million, increased 104.1% year-over-year * Non-GAAP Adjusted EBITDA of $12.3 million, increased 144.5% year-over-year * RNG production of 1.5 million MMBtu, increased 3% year-over-year * RINs from operations sold of 14.3 million, increased 29.1% year-over-year In July 2026, we began generating power for sale from our Turkey, North Carolina facility. This production of power is expected to be eligible to generate both swine RECs and enhanced RECs in subsequent months. As we work to increase the volumes of power and RECs that are able to be generated from our volume of produced syngas, we have identified specific programming modifications to our installed electrical switchgear. The installation of these modifications will provide for both the increase in production volumes as well as enhance protection of our processing equipment and electrical transformers. We expect to have all programming completed by mid-August and consistently generate power and RECs from all available collected feedstock volumes.