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Montauk Renewables , Inc. (NASDAQ:MNTK) has disclosed its financial results for the fiscal year ended December 31, 2024, in a report filed with the Johannesburg Stock Exchange (JSE) today. The company, which operates within the energy and transportation sector, prepared the report to meet the JSE’s regulatory requirements. Currently trading at $2.07, MNTK has experienced a challenging year with a 48% decline year-to-date. According to InvestingPro analysis, the company maintains a market capitalization of $293 million and generated revenues of $176 million in the last twelve months.
The earnings per share (EPS) details, a key indicator of the company’s profitability, were included in the historical financial information presented. This information, furnished in the form of a Headline Earnings Per Share (HEPS) report, is a standard measure used in South Africa to assess corporate earnings. InvestingPro data shows the company achieved an EBITDA of $41.7 million in the last twelve months, with analysts projecting continued profitability for the current fiscal year.
The HEPS report, now publicly available, has been attached as Exhibit 99.1 to Montauk Renewables’ Current Report on Form 8-K. It is important to note that the information contained in the report, including the attached exhibit, is not to be considered as filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it to be incorporated by reference into any future filings under the Securities Act of 1933 or the Exchange Act, unless specifically referenced in such filings.
Montauk Renewables, formerly known as Montauk Energy, Inc., is headquartered in Pittsburgh, PA, and is incorporated in Delaware. The company’s common stock is traded on the Nasdaq Capital Market under the ticker symbol MNTK. InvestingPro analysis indicates the company maintains a healthy financial position with a current ratio of 1.71 and operates with a moderate debt level. For deeper insights into MNTK’s financial health, valuation, and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The release of this financial information provides investors and the market with insight into Montauk Renewables’ financial performance over the past fiscal year. The company has emphasized that the data presented is solely for compliance with the JSE’s reporting requirements and does not imply any broader financial implications. The stock currently trades near its 52-week low, with an overall Financial Health score of "FAIR" according to InvestingPro’s comprehensive analysis framework.
Investors and interested parties can access the HEPS report for a detailed account of the company’s financial outcomes for the period ending December 31, 2024. The report’s availability was confirmed by Kevin A. Van Asdalan, Montauk Renewables’ Chief Financial Officer, in the filing dated today.
In other recent news, Montauk Renewables Inc. announced its fourth-quarter 2024 earnings, which fell short of market expectations. The company reported an earnings per share (EPS) of $0.035, missing the forecasted $0.06, and revenue of $51.76 million, below the anticipated $55.36 million. The annual revenue remained flat at $175.7 million, while net income decreased by 34.9% to $9.7 million. Adjusted EBITDA also declined by 8.3%, totaling $42.6 million. Despite these challenges, Montauk Renewables is advancing new projects, including a second Apex facility and a conversion of its Tulsa, Oklahoma facility to renewable natural gas. The company projects 2025 revenues from renewable natural gas production to range between $150 million and $170 million. Analysts from UBS and TPH have shown interest in the company’s strategies for selling renewable natural gas to data centers and other facilities. Montauk Renewables continues to focus on diversification and remains committed to its long-term projects despite market volatility and regulatory uncertainties.
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