Montauk Renewables Inc (MNTK) Q1 Results: Does Biogas Pay?

Montauk Renewables Inc (NASDAQ:MNTK) is one of the best green energy penny stocks to invest in. The stock has gained more than 20% in the past month, and Street predictions indicate it has more room to rise.

Montauk Renewables Inc (MNTK) Q1 Results: Does Biogas Pay?

Photo by Matthew Henry on Unsplash

Montauk Renewables Inc reported its Q1 2026 results on May 6. The report showed revenue grew 9% YoY to $46.4 million. This topline growth was supported by biofuel credits called RINs. The company said its RINs sold during the quarter increased 25.5% YoY to 12.4 million.

The biogas fuels and electricity company said its renewable natural gas production was flat year-over-year at 1.4 million MMBtu. However, Montauk made a profit in the quarter, reporting a net income of $5 thousand, compared to a net loss of $0.5 million in the same period a year ago.

Looking ahead, Montauk expects to produce 5.8 million to 6 million MMBtu of renewable natural gas (RNG) in 2026. It anticipates RNG revenue between $175 million and $190 million for the year. In its renewable electricity generation (REG) business, the company expects to produce 195,000 to 207,000 in 2026. It projects REG revenue between $33 million and $37 million.

Pennsylvania-based Montauk Renewables Inc is in the business of producing fuels and electricity from biogas. It produces renewable natural gas and generates renewable electricity by capturing methane from landfills and agricultural waste.

READ NEXT: 10 Most Undervalued Blockchain Stocks to Buy Now and 10 High-Growth Utility Stocks to Buy According to Analysts.

Follow Insider Monkey on Google News.