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Montauk Renewables, Inc. (MNTK)
Chart Events
Performance Outlook
| Previous Close | 9.12 |
| Open | 9.18 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 1000 |
| Day's Range | 9.00 - 9.59 |
| 52 Week Range | 9.00 - 14.93 |
| Volume | 142,375 |
| Avg. Volume | 258,314 |
| Market Cap | 1.352B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 17.50 |
- GlobeNewswire
Montauk Renewables, Inc. Signs Agreement to Sell RNG for European Market Use
PITTSBURGH, May 06, 2021 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ: MNTK) announced that it has signed an agreement to sell a portion of its Renewable Natural Gas (“RNG”) production as a feedstock to make fuel for the European market. Beginning July 2021, the Company will sell approximately 900,000 MMBtu annually of is production, currently monetized under an expiring domestic floor-price agreement, to Iogen RC Fuels, LP (“Iogen”) under a new 4.5 year fixed-price agreement to make vehicle fuel to serve the European market. Montauk’s ability to enter into this Agreement was due to being selected through an October 2020 RFP award for a portion of its RNG production based on then current pricing of RNG and attribute model trends at the time of bid. The award was contingent on registration of proposed production facilities under the International Sustainability & Carbon Certification (“ISCC”), an international certification system covering a multitude of bio-based feedstocks and renewables catering to energy, food, feed, and chemical sectors. Montauk earlier announced successful registration of three of its RNG production facilities who’s production may be now used to meet mandatory targets for the use of renewable energy in transport under the European Union Renewable Energy Directive. This long-term agreement monetizes approximately a quarter of the total Renewable Identification Numbers (RINs) we currently produce to further diversify monetization strategy beyond domestic attribute markets such as the Renewable Fuel Standard (“RFS”) while ensuring the continuation of the remainder of Montauk’s existing fixed-price portfolio and emphasizes our commitment to the environmentally sustainable production and utilization of our renewable natural gas. About Montauk Renewables, Inc. Montauk Renewables, Inc. (NASDAQ: MNTK) (“Company”) is a renewable energy company specializing in the recovery and processing of biogas from non-fossil fuel sources such as dairy and landfills for beneficial use as a replacement to fossil fuels. The Company develops, owns, and operates RNG projects, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. With over 30 years’ experience, the Company is one of the largest producers of RNG in the United States. The Company has an operating portfolio of 12 RNG and three renewable electricity projects that span six states. For more information visit https://ir.montaukrenewables.com Contact Company IR investor@montaukenergy.com
- GlobeNewswire
Montauk Renewables, Inc. announces ISCC GHG Savings Certification for three biomethane sites
PITTSBURGH, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (NASDAQ: MNTK), a renewable energy company specializing in the recovery and processing of biogas from non-fossil fuel sources for beneficial use as a replacement to fossil fuels, announced today that it received ISCC GHG Savings Certification for three facilities it owns in the United States. Montauk Renewables, Inc.’s subsidiary companies, Apex LFG Energy, LLC, GSF Energy LLC Rumpke LFG Recovery Facility and GSF Energy LLC McCarty Road Landfill Gas Recovery Facilities received the certification from the International Sustainability & Carbon Certification (ISCC), an international certification system covering all kinds of bio-based feedstocks and renewables catering to energy, food, feed, and chemicals sectors, following an audit by Control Union. These sites have now been certified that their biomethane can currently be used under the EU Renewable Energy Directive (RED) to meet EU mandatory targets for the use of renewable energy in transport. About Montauk Renewables, Inc. Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the recovery and processing of biogas from non-fossil fuel sources such as dairy and landfills for beneficial use as a replacement to fossil fuels. We develop, own, and operate Renewable Natural Gas (“RNG”) projects, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Having participated in the industry for over 30 years, we are one of the largest U.S. producers of RNG. We have an operating portfolio of 12 Renewable Natural Gas and three Renewable Electricity projects that span six states. For more information visit https://ir.montaukrenewables.com Contacts Company IR investor@montaukenergy.com
- GlobeNewswire
Montauk Renewables Announces Closing of Initial Public Offering and Exercise in Full of the Underwriter’s Option to Purchase Additional Shares
PITTSBURGH, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (the “Company”) announced today the closing of its initial public offering of 3,399,515 shares at a price of $8.50 per share. The offering consisted of 2,350,000 shares offered by the Company, 697,015 shares offered by Montauk Holdings Limited, the selling stockholder, and an additional 352,500 shares issued pursuant to the exercise in full of the underwriter’s option to purchase additional shares of common stock from the Company. The Company’s common stock is listed on The Nasdaq Capital Market and trades under the ticker symbol “MNTK.” The shares have a secondary listing on the Johannesburg Stock Exchange and trade under the ticker symbol “MKR.” The aggregate gross proceeds to the Company from the public offering was approximately $23 million prior to underwriting discounts, commissions and other estimated offering expenses. Roth Capital Partners acted as sole manager of the offering. A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 21, 2021. A final prospectus relating to this offering was filed with the SEC on January 25, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus. When available, copies of the final prospectus relating to this offering may be obtained from Roth Capital Partners, 888 San Clemente, Newport Beach, CA 92660, Attn: Prospectus Department, telephone: 800-678-9147, or email rothecm@roth.com or by accessing the SEC’s website, www.sec.gov. Contacts Company IR investor@montaukenergy.comJohn CiroliVice President, General Counsel and Secretary
