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OPAL Fuels Inc. Class A · NASDAQ

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Zacks Investment Research

Can Montauk Renewables' GreenWave JV Sustain Its Earnings Growth?

Montauk Renewables' GreenWave joint venture contributed $3.8M in Q2 2026 equity-method income, driving adjusted EBITDA up 144.5% to $12.3M. The venture generated $4.8M in revenues from selling 1.9M RINs by connecting third-party RNG supplies with transportation fuel dispensing. However, future earnings depend on RNG supply availability, dispensing capacity, and environmental credit prices.

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