Montauk Renewables, Inc. Reaffirms Revenues and Production Guidance for the Year 2024
May 09, 2024 at 04:15 pm EDT
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Montauk Renewables, Inc. reaffirmed revenues and production guidance for the year 2024. For the year, RNG revenues are expected to range between $195 and $215 million. Renewable Electricity revenues are expected to range between $18.0 million and $19.0 million.
For the year, RNG production volumes are expected to range between 5.8 million MMBtu and 6.1 million MMBtu. Renewable Electricity production volumes are expected to range between 190,000 MWh and 200,000 MWh.
Montauk Renewables, Inc. is a renewable energy company, which is engaged in specializing in the management, recovery and conversion of biogas into Renewable Natural Gas (RNG). The Company's segments include Renewable Natural Gas and Renewable Electricity Generation. The Companyâs Renewable Natural Gas segment includes the production of RNG. The Renewable Electricity Generation segment includes generation of electricity at biogas-to-electricity plants. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid. The Company is engaged in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at approximately 15 operating projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas.