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)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 63,277 | 73,811 | 73,304 | 77,630 | 78,043 | 105,177 | |||
| Cash and cash equivalents | 63,277 | 73,811 | 73,304 | 77,630 | 78,043 | 105,177 | |||
| Restricted cash and investments | 8 | 8 | 22 | 22 | 22 | 22 | |||
| Receivables | 9,693 | 12,705 | 18,078 | 13,667 | 6,287 | 16,145 | |||
| Derivative instruments and hedges, assets | 766 | 785 | 991 | 1,004 | 835 | 879 | |||
| Other undisclosed current assets | 2,875 | 2,866 | 14,993 | 15,959 | 11,444 | 2,645 | |||
| Total current assets: | 76,619 | 90,175 | 107,388 | 108,282 | 96,631 | 124,868 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 17 | 36 | 44 | 62 | 80 | 96 | |||
| Operating lease, right-of-use asset | 4,275 | 4,313 | 4,420 | 4,528 | 4,635 | 4,742 | |||
| Property, plant and equipment | 231,373 | 214,289 | 205,528 | 194,846 | 183,800 | 175,946 | |||
| Long-term investments and receivables | 10,148 | 10,138 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 10,148 | 10,138 | |||||||
| Intangible assets, net (including goodwill) | 18,178 | 18,421 | 15,026 | 15,269 | 15,512 | 15,755 | |||
| Goodwill | 60 | 60 | 60 | 60 | 60 | 60 | |||
| Intangible assets, net (excluding goodwill) | 18,118 | 18,361 | 14,966 | 15,209 | 15,452 | 15,695 | |||
| Derivative instruments and hedges | 580 | 470 | 984 | 930 | 584 | 936 | |||
| Restricted cash and investments | 443 | 423 | 409 | 408 | 407 | 407 | |||
| Deferred income tax assets | 1,827 | 2,076 | 2,166 | 3,865 | 16,985 | 3,952 | |||
| Other noncurrent assets | 11,229 | 9,897 | 9,646 | 8,150 | 5,703 | 5,614 | |||
| Total noncurrent assets: | 278,070 | 260,063 | 238,223 | 228,058 | 227,706 | 207,448 | |||
| TOTAL ASSETS: | 354,689 | 350,238 | 345,611 | 336,340 | 324,337 | 332,316 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 24,450 | 20,705 | 21,340 | 26,633 | 14,586 | 19,649 | |||
| Accounts payable | 12,323 | 7,916 | 6,115 | 5,027 | 3,232 | 4,559 | |||
| Accrued liabilities | 12,127 | 12,789 | 15,225 | 21,606 | 11,354 | 15,090 | |||
| Debt | 9,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | |||
| Other undisclosed current liabilities | 332 | 645 | 895 | 356 | 1,266 | 753 | |||
| Total current liabilities: | 33,782 | 29,350 | 30,235 | 34,989 | 23,852 | 28,402 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 52,660 | 55,624 | 57,586 | 59,560 | 61,539 | 63,530 | |||
| Long-term debt, excluding current maturities | 52,651 | 55,614 | 57,586 | 59,560 | 61,533 | 63,505 | |||
| Finance lease, liability | 9 | 10 | 6 | 25 | |||||
| Liabilities, other than long-term debt | 13,917 | 15,025 | 14,555 | 13,990 | 13,873 | 13,293 | |||
| Asset retirement obligations | 6,001 | 5,900 | 5,797 | 5,695 | 5,593 | 5,493 | |||
| Other liabilities | 3,860 | 4,992 | 4,528 | 4,013 | 3,968 | 3,459 | |||
| Operating lease, liability | 4,056 | 4,133 | 4,230 | 4,282 | 4,312 | 4,341 | |||
| Total noncurrent liabilities: | 66,577 | 70,649 | 72,141 | 73,550 | 75,412 | 76,823 | |||
| Total liabilities: | 100,359 | 99,999 | 102,376 | 108,539 | 99,264 | 105,225 | |||
| Equity | |||||||||
| Equity, attributable to parent | 254,330 | 250,239 | 243,235 | 227,801 | 225,073 | 227,091 | |||
| Common stock | 1,420 | 1,420 | 1,416 | 1,416 | 1,416 | 1,416 | |||
| Treasury stock, value | (11,173) | (11,173) | (11,051) | (11,051) | (11,051) | (11,051) | |||
| Additional paid in capital | 216,619 | 214,378 | 212,055 | 209,555 | 207,830 | 206,060 | |||
| Retained earnings | 47,464 | 45,614 | 40,815 | 27,881 | 26,878 | 30,666 | |||
| Total equity: | 254,330 | 250,239 | 243,235 | 227,801 | 225,073 | 227,091 | |||
| TOTAL LIABILITIES AND EQUITY: | 354,689 | 350,238 | 345,611 | 336,340 | 324,337 | 332,316 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38,787 | 46,807 | 55,688 | 53,256 | 19,154 | 49,643 | ||
| Other undisclosed gross profit | (29,925) | (33,833) | (33,305) | (34,358) | (28,131) | (35,772) | ||
| Gross profit: | 8,862 | 12,974 | 22,383 | 18,898 | (8,977) | 13,871 | ||
| Operating expenses | (36,419) | (39,338) | (38,907) | (39,699) | (33,320) | (41,024) | ||
| Other undisclosed operating income | 29,925 | 33,833 | 33,305 | 34,358 | 28,131 | 35,772 | ||
| Operating income (loss): | 2,368 | 7,469 | 16,781 | 13,557 | (14,166) | 8,619 | ||
| Nonoperating income (expense) | (105) | (1,933) | (1,039) | (621) | (1,682) | 344 | ||
| Other nonoperating income (expense) | 1,060 | 139 | 256 | 90 | (7) | |||
| Interest and debt expense | (1,165) | (2,072) | (1,295) | (711) | (1,675) | (1,453) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,098 | 3,464 | 14,447 | 12,225 | (17,523) | 7,510 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,165 | 2,072 | 1,295 | 711 | 1,675 | (339) | ||
| Income (loss) from continuing operations before income taxes: | 2,263 | 5,536 | 15,742 | 12,936 | (15,848) | 7,171 | ||
| Income tax expense (benefit) | (413) | (737) | (2,808) | (11,933) | 12,060 | (1,201) | ||
| Net income (loss) available to common stockholders, diluted: | 1,850 | 4,799 | 12,934 | 1,003 | (3,788) | 5,970 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,850 | 4,799 | 12,934 | 1,003 | (3,788) | 5,970 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,850 | 4,799 | 12,934 | 1,003 | (3,788) | 5,970 | ||
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.