Growth Metrics

Montauk Renewables (MNTK) Operating Expenses (2020 - 2026)

Montauk Renewables posted quarterly Operating Expenses of $48.0 million for Q1 2026, up 173.55% year-on-year from $17.6 million in Q1 2025, and down 59.52% on a QoQ basis from $118.6 million in Q4 2025.

Montauk Renewables (MNTK) has 7 years of Operating Expenses data on file, last reported at $48.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 173.55% year-over-year to $48.0 million; the trailing twelve-month figure through Mar 2026 stood at $229.3 million (up 379.76% YoY), and the FY2025 full-year result was $175.5 million, up 163.31% from the prior year.
  • Operating Expenses for Q1 2026 stood at $48.0 million, down from $118.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $118.8 million in Q4 2022 and bottomed at -$55.4 million in Q4 2024.
  • The 5-year median for Operating Expenses is $33.8 million (2022), against an average of $34.4 million.
  • The widest annual swing landed in 2024, when Operating Expenses slumped 240.92%; it then soared 314.0% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $118.8 million in 2022, then slumped by 66.88% to $39.3 million in 2023, then plunged by 240.92% to -$55.4 million in 2024, then jumped by 314.0% to $118.6 million in 2025, then sank by 59.52% to $48.0 million in 2026.
  • The last three Operating Expenses figures came in at $48.0 million (Q1 2026), $118.6 million (Q4 2025), and $40.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Linde 230.79 Bn 226.84 Bn 4.26 Bn 931.00 Mn
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn -48.90 Mn
3 Sherwin Williams 72.51 Bn 72.30 Bn 2.78 Bn 1.97 Bn
4 Ecolab 70.96 Bn 70.34 Bn 1.85 Bn 1.08 Bn
5 Air Products & Chemicals 62.15 Bn 63.70 Bn 987.40 Mn 248.80 Mn
6 Ppg Industries 25.04 Bn 23.57 Bn 1.66 Bn 1.10 Bn
7 LyondellBasell Industries 21.62 Bn 21.73 Bn 701.00 Mn 6.96 Bn
8 Albemarle 20.26 Bn 19.42 Bn 500.97 Mn -
9 DuPont de Nemours 19.45 Bn 19.56 Bn 602.00 Mn 302.00 Mn
10 Montauk Renewables 255.69 Mn 229.74 Mn 45.56 Mn 48.03 Mn

Historic Data

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DateValue
Mar 31, 2026 48.03 Mn
Dec 31, 2025 118.63 Mn
Sep 30, 2025 40.81 Mn
Jun 30, 2025 21.86 Mn
Mar 31, 2025 17.56 Mn
Dec 31, 2024 -55.44 Mn
Sep 30, 2024 43.21 Mn
Jun 30, 2024 42.47 Mn
Mar 31, 2024 14.45 Mn
Dec 31, 2023 39.34 Mn
Sep 30, 2023 14.21 Mn
Jun 30, 2023 15.22 Mn
Mar 31, 2023 14.18 Mn
Dec 31, 2022 118.79 Mn
Sep 30, 2022 14.13 Mn
Jun 30, 2022 43.92 Mn
Mar 31, 2022 33.82 Mn
Dec 31, 2021 35.91 Mn
Sep 30, 2021 33.02 Mn
Jun 30, 2021 32.21 Mn
Mar 31, 2021 43.65 Mn
Dec 31, 2020 27.86 Mn
Sep 30, 2020 23.42 Mn
Jun 30, 2020 24.35 Mn
Mar 31, 2020 21.19 Mn