Montauk Renewables Expects 2024 RNG Revenues To Range $195M-$215M
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables projects its 2024 RNG revenues to be between $195M-$215M, with RNG production volumes expected between 5.8 and 6.1 million MMBtu. Renewable Electricity revenues are anticipated to be between $18.0 and $19.0 million, with production volumes between 190 and 200 thousand MWh.
March 14, 2024 | 9:07 pm
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POSITIVE IMPACT
Montauk Renewables expects significant growth in 2024, with RNG revenues projected between $195M-$215M and Renewable Electricity revenues between $18M-$19M.
The projected increase in revenues for both RNG and Renewable Electricity indicates a positive outlook for Montauk Renewables' financial performance in 2024. This growth expectation is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100