Despite Revenue Growth, Montauk Renewables Falls Short of Analysts' Quarterly Revenue Forecast
PITTSBURGH, May 09, 2024 (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 first quarter ended March 31, 2024. First Quarter Financial Highlights: Revenues of $38.8 million, increased 102.5% compared to the first quarter of 2023 Net Income of $1.9 million, increased 148.8% compared to th
With its stock down 37% over the past three months, it is easy to disregard Montauk Renewables (NASDAQ:MNTK). However...