MNTK - Montauk Renewables GAAP EPS of -$0.01 revenue of $32.17M; updates FY22 guidance

Montauk Renewables press release (NASDAQ:MNTK): Q1 GAAP EPS of -$0.01. Revenue of $32.17M (+2.3% Y/Y). Non-GAAP Adjusted EBITDA of $7.0 million, increased 221.8% as compared to the first quarter of 2021. RNG production of 1.4 million MMBtu, increased 1.5% as compared to the first quarter of 2021. Updated 2022 Full Year Outlook: RNG revenues expected to range between $181.0 and $226.0 million; RNG production volumes expected to range between 5.5 and 6.7 million MMBtu; Renewable Electricity revenues expected to range between $17.0 and $20.0 million; Renewable Electricity production volumes expected to range between 188 and 230 thousand MW

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Montauk Renewables GAAP EPS of -$0.01, revenue of $32.17M; updates FY22 guidance