MNTN, Inc. (MNTN) Q1 2026 Earnings Call Transcript
MNTN, Inc. (MNTN) Q1 2026 Earnings Call Transcript
seekingalpha.com
REX(REX)
REX
Next earnings: May 27, 2026 · Before open
Signal
Leaning Bearish1!
PRICE
Prev Close
51.16
Open
51.13
Day Range51.10 – 53.36
51.10
53.36
52W Range19.44 – 53.36
19.44
53.36
93% of range
VOLUME & SIZE
Avg Volume
145.9K
FUNDAMENTALS
P/E Ratio
20.4x
EPS (TTM)
—
Div Yield
No dividend
Beta
0.84
Market-like
Performance
1D↓
-0.06%5D
+6.81%1M
+13.60%3M
+47.82%6M
+58.10%YTD
+58.20%1Y↑
+153.87%Best: 1Y (+153.87%)Worst: 1D (-0.06%)
Quick Read
Trend—Insufficient MA data
Momentum
BEARISH
thin 14% gross marginValuation
FAIR
P/E 20x vs ~20x sectorHealth
STRONG
CR 5.9 · FCF $1.49/shLean Bullish
Key MetricsTTM
Market Cap$1.68B
Revenue TTM$650.49M
Net Income TTM$82.95M
Free Cash Flow$49.39M
Gross Margin14.4%
Net Margin12.8%
Operating Margin9.4%
Return on Equity14.7%
Return on Assets10.4%
Debt / Equity0.03
Current Ratio5.94
EPS TTM$2.51
Alpha SignalsFull Analysis →
What Moves This Stock
Ethanol crush spread margins - differential between CBOT ethanol futures and corn futures plus distillers grains pricing
Corn harvest yields and inventory levels - USDA crop reports drive feedstock cost expectations
Gasoline demand and refinery utilization rates - determines ethanol blending demand and rack prices
RFS waiver decisions and renewable identification number (RIN) credit pricing - regulatory compliance economics
Macro Sensitivity
Economic Cycle
moderate - Ethanol demand correlates with gasoline consumption, which has modest GDP sensitivity (vehicle miles traveled). However, federal RFS mandates provide a demand floor regardless of economic conditions. Recession impacts are partially offset by lower corn prices (reduced farmer planting economics) improving crush spreads. Industrial production affects distillers grains demand through livestock feeding economics.
Interest Rates
Low direct sensitivity given minimal debt (0.04 D/E ratio) and limited financing costs. However, rising rates indirectly impact through: (1) farmer financing costs affecting corn planting decisions and supply, (2) livestock producer economics affecting distillers grains demand, and (3) broader commodity market liquidity and speculative positioning. Valuation multiples compress modestly as investors rotate from cyclical commodities to fixed income.
Key Risks
Electric vehicle adoption reducing long-term gasoline demand and ethanol blending requirements - structural headwind beyond 2030 as EV penetration accelerates
RFS policy uncertainty and potential mandate reductions under changing political administrations - regulatory risk to demand floor
E15 infrastructure limitations and blend wall constraints - retail station equipment compatibility limits market expansion
Investor Profile
value - Stock trades at 1.7x sales and 2.0x book with 55% one-year return reflecting recovery from depressed crush margins. Attracts commodity-oriented value investors seeking cyclical margin expansion, special situation investors focused on capital allocation (potential special dividends from strong balance sheet), and agricultural commodity specialists. Not suitable for ESG-focused investors given corn-based ethanol carbon intensity debates. Momentum players participate during crush spread expansion cycles.
Watch on Earnings
CBOT ethanol futures prices ($/gallon) and implied crush spreads versus corn futuresUSDA corn production estimates, ending stocks, and stocks-to-use ratios from monthly WASDE reportsWeekly EIA ethanol production data and inventory levels - industry utilization ratesRIN credit pricing (D6 ethanol RINs) - reflects regulatory compliance value and policy expectations
Health Radar
3 strong2 watch1 concern
59/100Liquidity
5.94Strong
Leverage
0.03Strong
Coverage
0.0xConcern
ROE
14.7%Watch
ROIC
8.4%Watch
Cash
$189MStrong
ANALYST COVERAGE3 analysts
BUY
▲ +17.3%upside to target
Stock Health
Composite Score
4 of 5 signals bullish
9/10
Technicals
●
~RSI RangeRSI 80 — Overbought, caution
Volume
●
✓Volume FlowLean Accumulation
Fundamentals
●
✓Last EarningsBeat estimates
●
✓Analyst ConsensusBuy
●
✓LiquidityCurrent Ratio 5.94 — healthy liquidity
Upcoming Events
EEarnings ReportMay 7, 2026
Tomorrow
DEx-Dividend DateAug 4, 2026
In 90 days
PDividend PaymentAug 31, 2026
In 117 days
FinancialsFull statements →
Technicals
Technical SetupBULLISH
Technicals →Trend
▲ UptrendGolden Cross · 50D leads 200D by 24.0%
+19.7% vs SMA 50 · +48.5% vs SMA 200
Momentum
RSI79.8Overbought — pullback risk
MACD+2.13Above zero — bullish momentum · expanding
Market Position
Price Levels
52W High
$53.36+4.4%
Current
$51.13
EMA 50
$43.45-15.0%
EMA 200
$35.03-31.5%
52W Low
$19.44-62.0%
52-Week RangeNear 52-week high
$19.4493th %ile$53.36
Squeeze SetupVolume-based
Moderate Squeeze SetupAccumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.
20-Day Money Flow
Acc days:3
Dist days:2
Edge:+1 acc
Volume Context
Avg Vol (50D)229K
Recent Vol (5D)
208K-9%
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Earnings & Analysts
ANALYST ESTIMATES
Consensus of 2 analysts
Analyst revisions:EPS↑ Revised UpRevenue↑ Revised Up
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2024 | $755.6M $737.4M–$773.9M | — | $1.34 | — | ±1% | Low2 |
FY2025 | $636.0M $636.0M–$636.0M | ▼ -15.8% | $1.47 | ▲ +9.9% | — | Low1 |
FY2026(current) | $657.0M $657.0M–$657.0M | ▲ +3.3% | $0.78 | ▼ -47.2% | — | Low1 |
Range confidence:Tight (high)ModerateWide (low)
🔥Beat 6 consecutive quarters
Earnings HistoryREX
Last 8Q
+164.3%avg beat
Beat 7 of 8 quarters↓ Estimates falling+45%
Q2'24
—
Q3'24
+92%
Q4'24
+133%
Q1'25
+50%
Q2'25
+16%
Q3'25
+168%
Q4'25
+810%
Q1'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
Insider Activity
SEC Filings →0 Buys/6 SellsNet Selling
Bruggeman DouglasCFO, VP-Financ…
$91K
Apr 2
SELL
Bruggeman DouglasCFO, VP-Financ…
$227K
Mar 31
SELL
Fisher LeeDir
$246K
May 24
SELL
Rose Stuart ADir
$153K
Apr 9
SELL
Rose Stuart ADir
$290K
Apr 8
SELL
Rose Stuart ADir
$293K
Apr 5
SELL
Financials
INSTITUTIONAL OWNERSHIP
1
Nuveen, LLC
254K▼2
PRINCIPAL FINANCIAL GROUP INC
163K▲3
TEACHER RETIREMENT SYSTEM OF TEXAS
77K▲4
Y-Intercept (Hong Kong) Ltd
39K▲5
SummerHaven Investment Management, LLC
29K▼6
THRIVENT FINANCIAL FOR LUTHERANS
19K▼7
State of Alaska, Department of Revenue
19K▼8
STRS OHIO
18K▼News & Activity
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About
No description available.
Douglas L. BruggemanVice President of Finance, Chief Financial Officer & Treasurer
Zafar A. RizviChief Executive Officer, President & Director
Peers— Energy(7 companies)
Screen sector →| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
REX◀ | $51.13 | -0.06% | $1.7B | 20.4 | +124.5% | 1275.2% | 1500 |
| $154.88 | +0.77% | $643.8B | 25.6 | -452.2% | 890.5% | 1498 | |
| $192.64 | +0.20% | $384.4B | 34.7 | -464.4% | 666.9% | 1490 | |
| $123.32 | -1.27% | $150.3B | 20.6 | +751.1% | 1360.5% | 1503 | |
| $76.12 | +0.94% | $93.1B | 32.8 | +1377.7% | 2190.8% | 1497 | |
| $56.00 | +0.67% | $83.7B | 25.4 | -159.8% | 938.1% | 1515 | |
| $260.51 | +3.16% | $76.7B | 16.6 | -444.0% | 305.0% | 1499 | |
| Sector avg | — | +0.63% | — | 25.1 | +104.7% | 1089.6% | 1500 |