Montauk Renewables, Inc. (NASDAQ:MNTK) Q4 2023 Earnings Call Transcript

Matthew Blair: Hi. Thanks for taking my follow-up. I was going to ask about your 2024 spending plans, but I’m actually seeing it in the K here. It looks like it’s approximately 150 million to 167 million. Is that correct? And could you talk about what’s driving the increase year-over-year?

Kevin Van Asdalan: Yes. That is accurate, Matthew. Thank you. More poignantly, our annual maintenance capital disaggregated. We expect that to be between 14 million and 17 million. And then our development project capital ranges between 135 million and 150 million. That’s largely driven by our two larger products — projects, the RNG build on the Frank R. Bowerman Landfill in California as well as our continued development of the up to eight processing reactor lines at our North Carolina location.

Operator: Thank you. I’m showing no further questions in the queue. I would now like to turn the call back over to Sean for closing remarks.

Sean McClain: Thank you, and thank you for taking the time to join us on the conference call today. We look forward to speaking with you on our 2024 first quarter conference call.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.