Revenue: As of FY2025 Q3, the actual value is USD 45.26 M, beating the estimate of USD 43.72 M.EPS: As of FY2025 Q3, the actual value is USD 0.04.EBIT: As of FY2025 Q3, the actual value is USD 5.522 M.<h3>Renewable Natural Gas (RNG) Segment</h3><ul><li>Total Operating Revenue: $39,883 for Q3 2025, a decrease of 35.4% compared to $61,750 in Q3 2024.</li><li>Operating Expenses: $21,899 for Q3 2025, a decrease of 5.7% compared to $23,226 in Q3 2024.</li><li>Operating Income: $11,036 for Q3 2025, a decrease of 67.2% compared to $33,616 in Q3 2024.</li><li>RNG Production Volumes: 1,445 MMBtu for Q3 2025, an increase of 3.8% compared to 1,392 MMBtu in Q3 2024.</li><li>Average Realized RIN Price: $2.29 for Q3 2025, a decrease of 31.4% compared to $3.34 in Q3 2024.</li></ul><h3>Renewable Electricity Generation (REG) Segment</h3><ul><li>Total Operating Revenue: $4,246 for Q3 2025, an increase of 1.9% compared to $4,167 in Q3 2024.</li><li>Operating Expenses: $3,046 for Q3 2025, a decrease of 3.9% compared to $3,170 in Q3 2024.</li><li>Operating Loss: $166 for Q3 2025, a decrease of 73.1% compared to $618 in Q3 2024.</li><li>Renewable Electricity Production Volumes: 44 MWh for Q3 2025, an increase of 7.3% compared to 41 MWh in Q3 2024.</li></ul><h3>Corporate Segment</h3><ul><li>Operating Expenses: $7,551 for Q3 2025, compared to $10,291 in Q3 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Bowerman RNG Project: Expected commissioning in 2027 with a capital investment range of $85,000 - $95,000.</li><li>Carbon Dioxide Beneficial Use Opportunity: Delivery of 140 tons per year of biogenic CO2 expected to begin in 2027.</li><li>Tulsa REG Conversion to RNG: Project expected to start commissioning in 2027 with a production capacity of approximately 1,500 MMBtu per day.</li><li>Montauk Ag Renewables Acquisition: Production and revenue generation activities expected to commence in Q1 2026.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: $29,997 for the nine months ended September 30, 2025, compared to $43,071 for the same period in 2024.</li><li>Net Cash Used in Investing Activities: $79,219 for the nine months ended September 30, 2025, compared to $54,129 for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $10,421 for the nine months ended September 30, 2025, compared to -$7,755 for the same period in 2024.</li></ul>

Montauk Renewables | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 45.26 M