Montauk Renewables, Inc. (MNTK) Financial Statements (2024 and earlier)

Company Profile

Business Address 5313 CAMPBELLS RUN ROAD
PITTSBURGH, PA 15205
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4932 - Gas and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,17753,266
Cash and cash equivalents105,17753,266
Restricted cash and investments2219
Receivables16,1459,316
Derivative instruments and hedges, assets879 
Other undisclosed current assets2,64512,566
Total current assets:124,86875,167
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization96 
Operating lease, right-of-use asset4,742305
Property, plant and equipment175,946180,893
Intangible assets, net (including goodwill)15,75514,113
Goodwill6060
Intangible assets, net (excluding goodwill)15,69514,053
Derivative instruments and hedges936 
Restricted cash and investments407328
Deferred income tax assets3,95210,570
Other noncurrent assets5,6145,104
Total noncurrent assets:207,448211,313
TOTAL ASSETS:332,316286,480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,64915,796
Accounts payable4,5594,973
Accrued liabilities15,09010,823
Debt8,0008,000
Derivative instruments and hedges, liabilities  650
Other undisclosed current liabilities753111
Total current liabilities:28,40224,557
Noncurrent Liabilities
Long-term debt and lease obligation63,53071,419
Long-term debt, excluding current maturities63,50571,392
Finance lease, liability 25 
Liabilities, other than long-term debt13,2938,211
Asset retirement obligations5,4935,301
Other liabilities3,4592,721
Operating lease, liability4,34127
Derivative instruments and hedges, liabilities  189
Total noncurrent liabilities:76,82379,630
Total liabilities:105,225104,187
Equity
Equity, attributable to parent227,091182,293
Common stock1,4161,410
Treasury stock, value(11,051)(10,813)
Additional paid in capital206,060196,224
Retained earnings (accumulated deficit)30,666(4,528)
Total equity:227,091182,293
TOTAL LIABILITIES AND EQUITY:332,316286,480

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues205,559148,127
Other undisclosed gross profit(139,825)(122,697)
Gross profit:65,73425,430
Operating expenses(160,993)(144,792)
Other undisclosed operating income139,825122,697
Operating income:44,5663,335
Nonoperating income (expense)468202
Other nonoperating income468202
Interest and debt expense(1,792)(3,082)
Income from continuing operations before equity method investments, income taxes:43,242455
Other undisclosed income (loss) from continuing operations before income taxes (822)
Income (loss) from continuing operations before income taxes:43,242(367)
Income tax expense(8,048)(4,161)
Income (loss) from continuing operations:35,194(4,528)
Loss before gain (loss) on sale of properties:(4,528)
Net income (loss) available to common stockholders, diluted:35,194(4,528)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):35,194(4,528)
Comprehensive income (loss), net of tax, attributable to parent:35,194(4,528)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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