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.

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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.

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OKLAHOMA CITY , Oct. 17, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will report its 2022 third quarter financial results after the market closes on Thursday, October 27, 2022. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss third quarter results the same day at 5:00 p.m.

MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2022 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

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These Were The Five Best And Worst Performing Energy Stocks In Q3 2022

OKLAHOMA CITY , Sept. 26, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today issued the following statement in response to a news story from Fox News  headlined, "Puerto Rico still owes company $350 million for restoring grid in 2017 as it faces fresh hurricane outages": "First and foremost, our prayers are with the people of Puerto Rico as they pick up the pieces from yet another natural disaster.

Mammoth Energy Issues Statement on Fox News Reporting: "Puerto Rico Still Owes Company $350 Million For Restoring Grid In 2017 As It Faces Fresh Hurricane Outages"

Mammoth delivered improved results in Q2 2022, mainly due to its oilfield services divisions. It believes that its well completion services division may be able to generate $100+ million in adjusted EBITDA on its own in the future.

Mammoth Energy Services: Improved Oilfield Services Outlook Is Driving Recovery

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OKLAHOMA CITY , Aug. 24, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) announced today that it will participate in two investor conferences in September. Arty Straehla, Chief Executive Officer, and Mark Layton, Chief Financial Officer, are scheduled to meet with investors at the Barclays 2022 CEO Energy-Power Conference in New York City on September 6-8, 2022.

Mammoth Energy Services to Participate in Barclays' 2022 CEO Energy-Power Conference and Credit Suisse's 8th Annual Houston Oil & Gas Conference in September

Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q2 2022 Earnings Conference Call July 28, 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 John Daniel - Daniel Energy Partners Operator Greetings, and welcome to Mammoth Energy Services Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Mammoth Energy Services, Inc. (TUSK) CEO Arty Straehla on Q2 2022 Results - Earnings Call Transcript

Significant Increases in Q2 Revenue, Net Income and Adjusted EBITDA OKLAHOMA CITY , July 28, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported strong financial and operational results for the second quarter ended June 30, 2022. Financial Overview for the Second Quarter 2022: Total revenue was $89.7 million for the second quarter of 2022, as compared to $47.4 million for the same quarter last year and $62.3 million for the first quarter of 2022.

Mammoth Energy Services, Inc. Announces Strong Second Quarter 2022 Operational and Financial Results

OKLAHOMA CITY , July 14, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will report its 2022 second quarter financial results after the market closes on Thursday, July 28, 2022. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss second quarter results the same day at 5:00 p.m.

Mammoth Energy Services, Inc. Announces 2022 Second Quarter Earnings Release and Conference Call Schedule

OKLAHOMA CITY , June 14, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") announced today the first appeal response from the Federal Emergency Management Agency ("FEMA") related to Project Worksheet 251, commonly referred to as the first contract between Mammoth's subsidiary Cobra Acquisitions LLC ("Cobra") and the Puerto Rico Electric Power Authority ("PREPA").  This appeal followed the May 26, 2021, determination memorandum issued by FEMA, which denied $47 million of the claimed costs under the first contract.

Mammoth Announces Federal Emergency Management Agency First Appeal Response

OKLAHOMA CITY , June 7, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") is calling on the Puerto Rico Electric Power Authority ("PREPA") to release the $40.4 million shown by PREPA as available in its emergency account funded by the Federal Emergency Management Agency ("FEMA") toward payment for the electric grid restoration work completed by Mammoth's wholly-owned subsidiary, Cobra Acquisitions LLC ("Cobra"), more than three years ago in Puerto Rico in the aftermath of Hurricane Irma and Hurricane Maria. In a document, dated May 11, 2022, entitled "13-week cash flow update," PREPA indicated that $40.4 million remains available in PREPA's emergency account for Cobra's restoration work.

Mammoth Calls On PREPA To Pay the $40.4 Million Dollars that PREPA Shows as Immediately Available For Release

Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q1 2022 Earnings Conference Call May 9, 2022 6:00 PM ET Company Participants Rick Black - Director of Investor Relations Arty Straehla - Chief Executive Officer Mark Layton - Chief Financial Officer Operator Greetings, welcome to Mammoth Energy Services First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Mammoth Energy Services, Inc. (TUSK) CEO Arty Straehla on Q1 2022 Results - Earnings Call Transcript

OKLAHOMA CITY , May 9, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the first quarter ended March 31, 2022. Financial Overview for the First Quarter 2022: Total revenue was $62.3 million for the first quarter of 2022, as compared to $66.8 million for the same quarter of 2021 and $57.2 million for the fourth quarter of 2021.

Mammoth Energy Services, Inc. Announces First Quarter 2022 Operational and Financial Results

TUSK continues to struggle to collect the debt owed by PREPA. With the exception of sand sales, It's business is down year over year at a time when most OFS and infrastructure companies are booming.

Mammoth Energy Services: The Never-Ending PREPA Saga

OKLAHOMA CITY , April 26, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will report its 2022 first quarter financial results after the market closes on Monday, May 9, 2022. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss first quarter results the same day at 6:00 p.m.

MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2022 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

OKLAHOMA CITY , March 31, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") called on members of the Financial Oversight and Management Board for Puerto Rico ("FOMB"), who are in Washington D.C. to brief federal lawmakers on recent activities, to take immediate and substantive action that will result in Mammoth's wholly-owned subsidiary, Cobra Acquisitions LLC ("Cobra") being paid the more than $340 million dollars owed related to the restoration of power in Puerto Rico more than three years ago: "When disaster struck, the Mammoth team was there for the people of Puerto Rico, and now we need our elected representatives to be there for us.

Mammoth Calls on FOMB & Congress To Hold PREPA Accountable

OKLAHOMA CITY , March 29, 2022  /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") announced that its Chief Financial officer, Mark Layton, spoke at the 34th Public Board Meeting of the Financial Oversight and Management Board for Puerto Rico ("FOMB"), which took place Friday in San Juan. Layton stressed the importance of the Puerto Rico Electric Power Authority ("PREPA") re-paying its financial obligations to Mammoth for work conducted by its wholly owned subsidiary, Cobra Acquisitions LLC ("Cobra"), rebuilding Puerto Rico's power grid in the aftermath of Hurricane Maria in 2017.

Mammoth CFO Testifies At 34th Public Meeting Of Financial Oversight and Management Board

OKLAHOMA CITY , March 14, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today issued the following statement in response to Puerto Rico's governor Gov. Pedro Pierluisi's attempt to terminate the $8.3 billion dollar bankruptcy agreement that would have allowed the Puerto Rico Electric Power Authority ("PREPA") to emerge from bankruptcy and pay its creditors: "This is yet another example of Puerto Rico and PREPA continuing their resistance to pay their bills.

Mammoth Energy Statement On Puerto Rico Bankruptcy Developments

Mammoth Energy Services, Inc. (TUSK) CEO Arty Straehla on Q4 2021 Results - Earnings Call Transcript

OKLAHOMA CITY, March 4, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today issued the following statement in response to the Puerto Rico Electric Power Authority ("PREPA") entering into a settlement agreement with Whitefish Energy Holdings, LLC ("Whitefish") for compensation owed for services rendered in Puerto Rico in the aftermath of Hurricane Maria. Arty Straehla, Chief Executive Officer of Mammoth, commented "While it is certainly encouraging PREPA has begun addressing amounts owed to post-bankruptcy creditors, Mammoth's subsidiary Cobra Acquisitions LLC ("Cobra") is owed more than three times the amount owed to Whitefish for our work restoring electricity for the island of Puerto Rico.

Mammoth Energy Statement On PREPA Entering Settlement Agreement With Whitefish Energy Holdings

OKLAHOMA CITY, March 4, 2022 /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, 2021. Financial Overview for the Fourth Quarter and Full Year 2021: Total revenue was $57.2 million for the fourth quarter of 2021, as compared to $85.1 million for the same quarter of 2020 and $57.5 million for the third quarter of 2021.

Mammoth Energy Services, Inc. Announces Fourth Quarter and Full Year 2021 Operational and Financial Results

OKLAHOMA CITY, Feb. 25, 2022 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2021 fourth quarter and full year financial results on Friday, March 4, 2022 at 6:00 a.m. Eastern Time.

MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2021 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Mammoth Energy Services Inc's (NASDAQ: TUSK) fiber division has secured two fiber-related contracts from two different electric cooperatives in the Midwest. The financial terms were not disclosed.

Mammoth Energy Pockets Two Fiber-Related Contracts

OKLAHOMA CITY , Dec. 1, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that its fiber division, which was organically started only a few months ago, has been awarded two fiber-related contracts with two different electric cooperatives in the Midwest. Under one of the contracts, the Company will provide make-ready construction services in preparation for fiber installation.

Mammoth Energy Announces Fiber Construction and Installation Contracts

The stock price of Mammoth Energy Services, Inc. (NASDAQ: TUSK) increased by 12.67% in the most recent trading session. This is why it happened.

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