Montauk Renewables (NASDAQ:MNTK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$65.9m (up 18% from 3Q 2023).
• Net income: US$17.0m (up 32% from 3Q 2023).
• Profit margin: 26% (up from 23% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.12 (up from US$0.091 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Montauk Renewables Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Renewable Energy industry in the US.

Performance of the American Renewable Energy industry.

The company's shares are down 32% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Montauk Renewables' balance sheet.

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