Mammoth Energy Services

Mammoth Energy Services, Inc. engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following segments: Infrastructure, Pressure Pumping, Natural Sand Proppant, Drilling, and Other. The Infrastructure segment offers construction, upgrade, maintenance and, repair services to the electrical infrastructure industry. The Pressure Pumping segment provides pressure pumping services, also known as hydraulic fracturing, to exploration and production companies. The Natural Sand Proppant segment refers to mining, processing, and selling sand. The Drilling segment includes contract land, directional drilling, and rig moving services. The company was founded on June 3, 2016 and is headquartered in Oklahoma City, OK.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Mammoth Energy Services posts robust Q4 results amidst supply challenges

Mammoth Energy Services delivered strong financial results in Q4 2022, driven by revenue growth and operational enhancements.
While facing supply chain challenges and inflation, the company remains optimistic about future growth and shareholder value.
Efforts to pursue payment from PREPA and upgrade equipment underscore Mammoth's commitment to sustainable growth and financial stability.

Mammoth Energy Services reports robust Q1 performance amidst challenges

Mammoth Energy Services delivered a strong performance in Q1 2023, marked by improved financial metrics and growth in key business segments.
While facing challenges from supply chain constraints and payment delays, the company remains resilient and optimistic about future prospects.
Strategic initiatives to manage near-term challenges and focus on operational excellence underscore Mammoth Energy's commitment to sustainable growth.
With a diverse service portfolio and proactive financial management, Mammoth Energy is well-positioned to capitalize on opportunities for expansion and market growth.

Mammoth Energy Services tackles challenges, eyes growth opportunities in 2024

Mammoth Energy Services navigated challenges in Q2 2023, with lower demand impacting certain divisions. Despite this, the company demonstrated strengths in their sand business and infrastructure services, showing resilience and growth potential.
Efforts to refinance debt, secure liquidity, and return value to shareholders through a stock repurchase program highlight Mammoth's proactive approach to financial management and long-term sustainability.
While facing short-term challenges and uncertainties, Mammoth Energy Services remains focused on leveraging opportunities for growth, operational improvements, and financial stability as they progress towards a stronger position in 2024.

Mammoth Energy secures liquidity, anticipates growth despite revenue challenges

Despite challenges in certain divisions, Mammoth Energy Services is focused on operational efficiencies and growth opportunities.
The company's successful refinancing and anticipation of increased completion activity signal positive momentum for the future.
Mammoth Energy's financial performance in Q3 2023 reflects a strategic approach to securing liquidity and managing debt.

Mammoth Energy Services faces Q4 challenges but eyes growth in 2024

Mammoth Energy Services navigated challenges in Q4 2023, with revenue decline attributed to market conditions. Despite this, the company showed strength in its infrastructure division and strategic initiatives. Looking ahead, Mammoth Energy Services is poised for growth in 2024, with opportunities in infrastructure expansion and investment in new technologies.

Mammoth Energy Services faces Q1 revenue decline but eyes growth

Mammoth Energy Services navigated challenges in Q1 2024 but sees opportunities for growth ahead. Strategic cost management, liquidity position, and revised CapEx provide a solid foundation. The company's focus on operational efficiency and optimism for future opportunities underpin its outlook.

Mammoth Energy Services plans to leverage PREPA settlement for growth

Mammoth Energy Services navigated challenges in Q2 but showed growth in Infrastructure Services.
The company aims to use PREPA settlement proceeds to strengthen its financial position and drive growth.
Efforts on cost management and strategic positioning position Mammoth for future opportunities.
Despite settlement charges impacting earnings, Mammoth remains focused on long-term value creation.

Mammoth Energy Services achieves debt-free status and eyes strategic growth

Mammoth Energy Services navigated challenges in Q3 2024, focusing on becoming debt-free, investing in equipment upgrades, and exploring strategic growth opportunities.
Despite industry softness, the company's strong cash position, commitment to enhancing capabilities, and proactive approach to M&A present a promising outlook for future growth.
With a revised CapEx budget and a focus on well completion services and T&D infrastructure, Mammoth is poised to capitalize on opportunities and drive performance improvements.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Mammoth Energy Services, Inc. engages in the exploration and development of North American onshore unconventional oil and natural gas reserves. It operates through the following segments: Well Completion, Infrastructure, Sand, Drilling, and All Other. The Well Completion segment focuses on hydraulic fracturing and water transfer services primarily in the Utica Shale of Eastern Ohio, Marcellus Shale in Pennsylvania, and the mid-continent region. The Infrastructure segment offers electric utility infrastructure services to government-funded utilities, private utilities, public investor-owned utilities and co-operative utilities in the northeastern, southwestern, midwestern, and western portions of the United States. The Sand segment is involved in mining, processing, and sale of sand for use in hydraulic fracturing. The Drilling segment includes contract land and directional drilling services primarily in the Permian Basin and mid-continent region. The company was founded on June 3, 2016 and is headquartered in Oklahoma City, OK.

OKLAHOMA CITY , Oct. 19, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc., ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced that, on October 16, 2023, it entered into a new revolving credit facility agreement and a new term loan agreement, which refinanced, in full, Mammoth's indebtedness outstanding under its previous revolving credit facility. The new five-year revolving credit facility with Fifth Third Bank, National Association ("Fifth Third"), provides for revolving commitments of up to $75 million, subject to a borrowing base calculation prepared monthly.

MAMMOTH ENERGY ANNOUNCES REVOLVING CREDIT FACILITY REFINANCING

Icahn Enterprises

ReNew Energy Global PLC

Sunrun

San Juan Basin Royalty Trust

Exxon Mobil

Oil prices are rising again but the energy sector remains volatile. The unpredictability in the sector isn't merely a blip but reflects deeper concerns plaguing the sector, which highlights the importance of energy stocks to sell.

Beware! 7 Energy Stocks Waving Massive Red Flags Right Now

Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q2 2023 Earnings Conference Call August 11, 2023 10:00 AM ET Company Participants Rick Black - IR Arty Straehla - CEO Mark Layton - CFO Conference Call Participants John Daniel - Daniel Energy Partners Carter Dunlap - Dunlap Equity Management Operator Greetings, and welcome to the Mammoth Energy Services Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Mammoth Energy Services, Inc. (TUSK) Q2 2023 Earnings Call Transcript

OKLAHOMA CITY , Aug. 11, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the second quarter ended June 30, 2023. Financial Overview for the Second Quarter 2023 Total revenue was $75.4 million for the second quarter of 2023, a decrease of 16% compared to $89.7 million for the same quarter last year and a decrease of 35% compared to $116.3 million for the first quarter of 2023.

Mammoth Energy Services, Inc. Announces Second Quarter 2023 Operational and Financial Results

OKLAHOMA CITY , July 20, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2023 second quarter financial results before the market opens on Friday, August 11, 2023. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss second quarter results on the same day at 10:00 a.m.

MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2023 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Mammoth's multi-segment business model has driven strong growth, but looming financial issues tied to PREPA litigation and a maturing credit facility cloud the future. Despite robust financial performance, potential PREPA default threatens Mammoth's accounts receivable and overall liquidity. With a credit facility maturing in October 2023 and rising federal interest rates, refinancing could lead to higher borrowing costs and strangle liquidity.

Mammoth Energy Services: A Roaring Q1 2023 Revenue, But Don't Get Trampled By Risk

OKLAHOMA CITY , June 15, 2023 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc., ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced the receipt of $10.75 million from the Puerto Rico Electric Power Authority ("PREPA") for a portion of the work completed in the aftermath of Hurricane Maria. Arty Straehla, Chief Executive Officer, commented, "We're pleased to have received this payment from PREPA, which represents a portion of what is still owed to us.

COBRA ACQUISITIONS LLC ANNOUNCES RECEIPT OF $10.75 MILLION FROM PREPA

Mammoth Energy Services, Inc. reduced its capex budget from $64 million to $24 million. This is due to a slowdown in well completion services demand, affecting both utilization and rates. With its reduced capex budget, I believe Mammoth can reduce its net debt to $40 million by the end of 2023.

Mammoth Energy Services Slashes Capex Due To Slowing Well Completion Demand

Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q1 2023 Results Conference Call April 27, 2023 5:00 PM ET Company Participants Ken Dennard - IR Arty Straehla - CEO Mark Layton - CFO Conference Call Participants Ignacio Bernaldez - EF Hutton John Daniel - Daniel in Partners Don Crist - Johnson Rice Michail Paraskevopoulos - Marktfeld Carter Dunlap - Dunlap Equity Management Operator Greetings, and welcome to the Mammoth Energy Services First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Mammoth Energy Services, Inc. (TUSK) Q1 2023 Earnings Call Transcript

OKLAHOMA CITY , April 27, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the first quarter ended March 31, 2023. Financial Overview for the First Quarter 2023: Total revenue was $116.3 million for the first quarter of 2023, an increase of 87% compared to $62.3 million for the same quarter of 2022 and an increase of 13% compared to $102.9 million for the fourth quarter of 2022.

Mammoth Energy Services, Inc. Announces First Quarter 2023 Operational and Financial Results

OKLAHOMA CITY , April 19, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2023 first quarter financial results after the market closes on Thursday, April 27, 2023. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss first quarter results the same day at 5:00 p.m.

MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Mammoth's well completion services division continues to perform well. It also expects to put two more pressure pumping fleets into operation in 2023.

Mammoth Energy Services: Putting More Pressure Pumping Fleets Into Operation

Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Ken Dennard - Investor Relations Arty Straehla - Chief Executive Officer Mark Layton - Chief Financial Officer Conference Call Participants Carter Dunlap - Dunlap Equity Management Operator Greetings and welcome to the Mammoth Energy Services Fourth Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Mammoth Energy Services, Inc. (TUSK) Q4 2022 Earnings Call Transcript

Q4 Revenue Up 80% and Full Year Revenue Up 58% OKLAHOMA CITY , Feb. 23, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the fourth quarter and full year ended December 31, 2022. Financial Overview for the Fourth Quarter and Full Year 2022: Fourth quarter 2022 total revenue was $102.9 million, an increase of 80% compared to $57.2 million for the same quarter of 2021.

Mammoth Energy Services, Inc. Announces Fourth Quarter and Full Year 2022 Operational and Financial Results

OKLAHOMA CITY , Feb. 6, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2022 fourth quarter and full year financial results after the market closes on Thursday, February 23, 2023. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss fourth quarter and full year results the same day at 5:00 p.m.

MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2022 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

OKLAHOMA CITY , Jan. 24, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that its wholly owned subsidiary Cobra Acquisitions LLC ("Cobra") has submitted a certified claim for approximately $379 million to the Federal Emergency Management Agency ("FEMA") pursuant to the federal Contract Disputes Act. In the aftermath of Hurricane Maria in 2017, Puerto Rico was without electricity, and the entire Island was declared a federal disaster zone.

Mammoth Energy Announces Submission of Certified Claim to the Federal Emergency Management Agency

OKLAHOMA CITY , Jan. 19, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that the Federal Emergency Management Agency ("FEMA") released Determination Memorandums dated November 21, 2022, and December 21, 2022, related to the May 26, 2018 contract between the Puerto Rico Electric Power Authority ("PREPA") and Mammoth's wholly owned subsidiary Cobra Acquisitions LLC ("Cobra"). The Determination Memorandum dated November 21, 2022, covered the 100% federal cost share of the May 2018 contract ("PW 466" or "Project 49848") and the Determination Memorandum dated December 21, 2022, covered the 90% federal share ("Project 49831") of the May 2018 contract.

Mammoth Energy Discusses Recent Federal Emergency Management Agency's Release of Determination Memorandums

OKLAHOMA CITY , Jan. 17, 2023 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced its wholly owned subsidiary Stingray Pressure Pumping LLC ("Stingray") has put an additional frac spread into operation. This brings Stingray's total operational frac spread count to five.

Mammoth Energy Announces the Activation of its Fifth Frac Spread and Infrastructure Services Expansion

Boeing

Caterpillar

Celsius Holdings

Clearfield

Vita Coco

Chevron

DocGo

Enphase Energy

JPMorgan Chase & Co

McDonald's

Merck

Noble Corp PLC

Northern Oil and Gas

Nuvalent

Permian Basin Royalty Trust

Pinduoduo Inc - ADR

Tidewater

TG Therapeutics

Visa

Vipshop Hlds

Viridian Therapeutics

Verizon

Wave Life Sciences

Two new Breakout Stocks for Week 1 with better than 10% short-term upside potential and two Dow 30 Picks. Average cumulative returns for 2022 reached +142.69% YTD. The streak of weekly picks gaining over 10% in less than a week of trading days has reached 235 out of 293 trading weeks (80.4%) not counting multiple gainers.

MDA Breakout Stocks Week 1 - January 2023: High-Frequency Gainers To Give You An Edge

Strong U.S. demand for frac services continues to drive growth for TUSK. TUSK forecasts a further 70% increase in frac equipment utilization over the next 18 months.

Mammoth Energy: Higher Equipment Utilization Driving Sustainable EBITDA Growth, Initiate With A Buy Rating

OKLAHOMA CITY , Dec. 6, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that it will present at the Singular Research "Best of the Uncovered" Investor Conference in San Francisco on Thursday, December 8, 2022 at 4:00 P.M. Eastern Savings Time (1:00 P.M.

Mammoth Energy to Present at the Upcoming Singular Research "Best of the Uncovered" Investor Conference

OKLAHOMA CITY , Nov. 1, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that its subsidiaries, Piranha Proppant LLC and Taylor Frac, LLC, have entered into two sand supply agreements with third-party service providers with terms of 12 months and 21 months, respectively, beginning on January 1, 2023. Under the terms of the agreements, the Company's subsidiaries have agreed to supply, in aggregate, approximately 1.75 million tons of sand across multiple grades (20/40, 30/50, and 40/70) over the contract periods.

Mammoth Energy Announces Two Sand Supply Agreements

Mammoth's adjusted EBITDA (excluding PREPA AR interest) went up from $12.8 million in Q2 2022 to $19.3 million in Q3 2022. It reported solid results across a number of its divisions, although its well-completion services division is mainly driving its improved results.

Mammoth Energy Services Reports Another Strong Quarter

Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET Company Participants Ken Dennard - Dennard Lascar Investor Relations Arty Straehla - Chief Executive Officer Mark Layton - Chief Financial Officer Conference Call Participants Carter Dunlap - Dunlap Equity Management LLC John Daniel - Daniel Energy Partners Operator Greetings, and welcome to the Mammoth Energy Services Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Mammoth Energy Services, Inc. (TUSK) Q3 2022 Earnings Call Transcript

Revenue Growth of 86% Year-over-Year and 20% Sequentially OKLAHOMA CITY , Oct. 27, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported strong financial and operational results for the third quarter ended September 30, 2022. Financial Overview for the Third Quarter 2022: Total revenue was $107.2 million for the third quarter of 2022, as compared to $57.5 million for the same quarter last year and $89.7 million for the second quarter of 2022.

News for Mammoth Energy Services Stock (TUSK)