MNTK
Montauk Renewables, Inc.
MNTK's fundamentals are weak, but it looks cheap: trading at 21x earnings, about half its usual 45x. Analysts expect strong earnings growth.
MNTK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
MNTK's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are weak.
MNTK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.5x | $1.03 | — |
| Current | 21x | $1.03 | — |
| Cheap | 31x | $1.56 | +52% |
| Fair | 45x | $2.24 | +117% |
| Expensive | 89x | $4.43 | +330% |
Historical ranges are pointers, not guarantees.
MNTK's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 7.5x next year's earnings.
MNTK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for MNTK, with profitability improving.
MNTK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.14 | +173% |
| Q2 2026 | $0.05 | +67% |
| Q1 2026 | $0.01 | -83% |
| Q4 2025 | $0.01 | -86% |
| Q3 2025 | -$0.05 | -131% |
| Q2 2025 | $0.03 | -77% |
| Q1 2025 | $0.06 | -60% |
| Q4 2024 | $0.07 | -36% |
| Q3 2024 | $0.16 | +33% |
MNTK's earnings per share have fallen from their peak: $0.05 over the past year, against $0.25 in late 2022.
MNTK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $54M | +20% |
| Q1 2026 | $46.4M | +9% |
| Q4 2025 | $43.4M | +57% |
| Q3 2025 | $45.3M | -31% |
| Q2 2025 | $45.1M | +4.1% |
| Q1 2025 | $42.6M | +9.8% |
| Q4 2024 | $27.7M | -41% |
| Q3 2024 | $65.9M | +18% |
MNTK's revenue is recovering but still below its 2022 peak: $54M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -0.1% | +5.1 points |
| Q1 2026 | -3.4% | -4.4 points |
| Q4 2025 | -3.8% | +32 points |
| Q3 2025 | 9.8% | -25 points |
| Q2 2025 | -5.2% | -7.2 points |
| Q1 2025 | 1% | -5.2 points |
| Q4 2024 | -35% | -51 points |
| Q3 2024 | 34% | +4.3 points |
MNTK's operating margin was −0.1% last quarter, up 5.1 points from the same quarter a year ago.
MNTK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$10.1M | +$15.4M |
| Q1 2026 | -$15M | -$12.5M |
| Q4 2025 | -$41.1M | -$32.8M |
| Q3 2025 | -$17.2M | -207% |
| Q2 2025 | -$25.5M | -$6.9M |
| Q1 2025 | -$2.5M | +$5.2M |
| Q4 2024 | -$8.3M | -319% |
| Q3 2024 | $16M | +$18.3M |
MNTK has burned cash in seven of the last eight quarters: −$83M over the past year, against −$20M the year before.
MNTK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +674K shares |
| 1 year | +0.6% | +897K shares |
| 3 years | +1.3% | +1.9M shares |
| 5 years | +2.1% | +2.9M shares |
| Available history | +2.1% | +2.9M shares |
MNTK has 144M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $65,000 |
| Q3 2025 | — |
| Q4 2024 | $71,000 |
| Q3 2024 | $1.3M |
| Q4 2023 | $122,000 |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
MNTK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 2.9x | Moderate |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
| Q3 2024 | 0.1x | Very low |
MNTK's net debt is about 3.9 years of its operating earnings (EBITDA), up from 1.1 years a year ago.
MNTK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.3 | Neutral |
| Stochastic | 34.7 | Neutral |
MNTK's weekly RSI is 38 (neutral) and its Stochastic is 35 (neutral).
MNTK PE vs Utilities Sector
| Metric | MNTK | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 20x | 0.9% above |
| PE % | 1 | 48 | 47 pts below |
MNTK is trading at 21x earnings, in line with the Utilities sector's median of 20x.
MNTK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.32 | 56% below |
| 20 week MA | $2.07 | 50% below |
| 50 week MA | $1.75 | 41% below |
| 100 week MA | $2.16 | 52% below |
| 200 week MA | $4.56 | 77% below |
MNTK is in a downtrend: it's below all five of its weekly moving averages, and 77% below its 200-week average.
MNTK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $11.7 | $10.3 | -12% |
| 2022 | $10.3 | $11.2 | +8.6% |
| 2023 | $11.2 | $8.91 | -20% |
| 2024 | $8.91 | $3.93 | -56% |
| 2025 | $3.93 | $1.84 | -53% |
| 2026 YTD | $1.84 | $1.03 | -44% |
MNTK has finished three years in a row lower, and it's down 44% so far in 2026.