MONTAUK RENEWABLES, INC. By Adam L. Cataldo
Montauk Renewables, an energy company specializing in the management, recovery and conversion of biogas into renewable natural gas, updated their production forecast for the fourth quarter.
The company also said weather anomalies such as lower-than-average rainfall and higher-than-average temperatures contributed to the reduction in D3 RIN generation in the third quarter.
On the outlook for RNG production volumes in 4Q:
Volumes are expected to range between 5.7 million and 5.8 million MMBtu.
On the outlook for renewable electricity production volumes in 4Q:
Volumes are expected to range between 190 and 195 thousand MWh.
Write to Adam Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
11-09-23 1957ET
