Montauk Renewables Files 2024 10-K
Ticker: MNTK · Form: 10-K · Filed: 2025-03-14T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, renewables, financials
TL;DR
Montauk Renewables 2024 10-K is in. Full year financials out, check for revenue & net income trends.
AI Summary
Montauk Renewables, Inc. filed its 2024 10-K on March 14, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly Montauk Energy, Inc., is involved in the gas and other services sector. Key financial data and operational details for 2022, 2023, and 2024 are presented, including information on revenue, net income, and asset impairment charges.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Montauk Renewables' financial performance and strategic positioning for the fiscal year 2024, including key metrics and risk factors.
Risk Assessment
Risk Level: medium — The filing details various financial metrics and operational aspects, which inherently carry risks for investors, including potential asset impairment charges and customer concentration risks.
Key Numbers
- 2024 — Fiscal Year End (Reporting period for the 10-K)
- 2022 — Prior Year Data (Included for comparative financial analysis)
- 2023 — Prior Year Data (Included for comparative financial analysis)
Key Players & Entities
- Montauk Renewables, Inc. (company) — Filer of the 10-K
- Montauk Energy, Inc. (company) — Former company name
- 2024-12-31 (date) — Fiscal year end
- 2025-03-14 (date) — Filing date
- 4127478700 (phone_number) — Business phone number
FAQ
What were Montauk Renewables' total revenues for the fiscal year ending December 31, 2024?
The filing indicates 'SalesRevenueNet' and 'RevenueFromContractWithCustomer' are key metrics, but specific dollar amounts for FY 2024 are not directly extractable from the provided header information.
Did Montauk Renewables report any asset impairment charges in 2024?
The filing references 'AssetImpairmentCharges' under the FASB US GAAP taxonomy, suggesting it's a relevant category, but specific amounts for 2024 are not detailed in the header.
What is Montauk Renewables' primary business sector?
Montauk Renewables, Inc. is classified under 'GAS & OTHER SERVICES COMBINED [4932]'.
When did Montauk Energy, Inc. change its name to Montauk Renewables, Inc.?
The date of the name change from Montauk Energy, Inc. to Montauk Renewables, Inc. was September 29, 2020.
What is the company's principal executive office address?
The business and mail address for Montauk Renewables, Inc. is 5313 Campbells Run Road, Suite 200, Pittsburgh, PA 15205.
From the Filing
0000950170-25-039495.txt : 20250314 0000950170-25-039495.hdr.sgml : 20250314 20250314163458 ACCESSION NUMBER: 0000950170-25-039495 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 117 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250314 DATE AS OF CHANGE: 20250314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Montauk Renewables, Inc. CENTRAL INDEX KEY: 0001826600 STANDARD INDUSTRIAL CLASSIFICATION: GAS & OTHER SERVICES COMBINED [4932] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 853189583 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39919 FILM NUMBER: 25740789 BUSINESS ADDRESS: STREET 1: 5313 CAMPBELLS RUN ROAD STREET 2: SUITE 200 CITY: PITTSBURGH STATE: PA ZIP: 15205 BUSINESS PHONE: 4127478700 MAIL ADDRESS: STREET 1: 5313 CAMPBELLS RUN ROAD STREET 2: SUITE 200 CITY: PITTSBURGH STATE: PA ZIP: 15205 FORMER COMPANY: FORMER CONFORMED NAME: Montauk Energy, Inc. DATE OF NAME CHANGE: 20200929 10-K 1 mntk-20241231.htm 10-K 10-K FY false 0001826600 http://fasb.org/us-gaap/2024#AssetImpairmentCharges http://fasb.org/us-gaap/2024#NetIncomeLoss http://fasb.org/us-gaap/2024#NetIncomeLoss http://fasb.org/us-gaap/2024#NetIncomeLoss 2021 2022 2023 http://fasb.org/srt/2024#ChiefExecutiveOfficerMember 0001826600 us-gaap:RestrictedStockMember 2022-01-01 2022-12-31 0001826600 2024-12-31 0001826600 mntk:InterconnectionMember srt:MaximumMember 2024-12-31 0001826600 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001826600 us-gaap:CorporateMember 2024-12-31 0001826600 us-gaap:SalesRevenueNetMember mntk:CustomerCMember us-gaap:CustomerConcentrationRiskMember 2024-01-01 2024-12-31 0001826600 mntk:RenewableNaturalGasMember mntk:PsaMediaMember 2022-01-01 2022-12-31 0001826600 mntk:GainOnInsuranceProceedsMember mntk:RenewableNaturalGasMember 2022-01-01 2022-12-31 0001826600 us-gaap:DrillingRightsMember 2024-01-01 2024-12-31 0001826600 us-gaap:RevenueFromContractWithCustomerMember us-gaap:GeographicConcentrationRiskMember mntk:FiveGeographicalLocationsMember 2023-01-01 2023-12-31 0001826600 us-gaap:TransferredAtPointInTimeMember mntk:NaturalGasEnvironmentalAttributesMember 2022-01-01 2022-12-31 0001826600 mntk:RenewableElectricityGenerationMember 2023-12-31 0001826600 srt:MinimumMember us-gaap:MiningPropertiesAndMineralRightsMember 2024-12-31 0001826600 2024-07-01 2024-09-30 0001826600 mntk:RenewableElectricityGenerationSiteMember mntk:NorthCarolinaFacilityMember 2022-01-01 2022-12-31 0001826600 2023-12-31 0001826600 us-gaap:TransferredAtPointInTimeMember mntk:NaturalGasCommodityMember 2023-01-01 2023-12-31 0001826600 2024-10-01 2024-10-31 0001826600 us-gaap:TransferredAtPointInTimeMember mntk:NaturalGasCommodityMember 2022-01-01 2022-12-31 0001826600 us-gaap:InventoryValuationAndObsolescenceMember mntk:RenewableElectricityGenerationSiteMember 2024-01-01 2024-12-31 0001826600 us-gaap:CommonStockMember 2023-12-31 0001826600 us-gaap:TransferredAtPointInTimeMember 2024-01-01 2024-12-31 0001826600 mntk:ElectricCommodityMember 2024-01-01 2024-12-31 0001826600 us-gaap:CorporateMember 2023-01-01 2023-12-31 0001826600 us-gaap:RelatedPartyMember mntk:MnkMember 2021-12-01 2021-12-31 0001826600 mntk:NaturalGasEnvironmentalAttributesMember 2022-01-01 2022-12-31 0001826600 mntk:RenewableNaturalGasMember 2023-01-01 2023-12-31 0001826600 2024-10-01 2024-12-31 0001826600 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember mntk:CounterPartySharingArrangementMember 2023-01-01 2023-12-31 0001826600 2024-02-01 2024-02-29 0001826600 us-gaap:RestrictedStockMember 2024-01-01 2024-12-31 0001826600 mntk:TimeBasedRestrictedStockAwardsMember 2024-01-01 2024-12-31 0001826600 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001826600 mntk:ElectricEnvironmentalAttributesMember us-gaap:TransferredAtPointInTimeMember 2023-01-01 2023-12-31 0001826600 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember mntk:CounterPartySharingArrangementMember 20