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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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.

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Mammoth Energy Services (TUSK) stock is on the rise Friday thanks to a massive multi-year electric vehicle (EV) charging deal. The post TUSK Stock: The EV Charging Station Deal That Has Mammoth Energy Stampeding Higher Today appeared first on InvestorPlace.

TUSK Stock: The EV Charging Station Deal That Has Mammoth Energy Stampeding Higher Today

OKLAHOMA CITY, Nov. 18, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that its wholly owned subsidiary, Aquawolf LLC ("Aquawolf"), a Denver-headquartered provider of infrastructure engineering services, has been awarded a contract by a major utility to provide engineering and design service for the building of Electric Vehicle ("EV") charging station infrastructure to support its clean transportation initiatives. The scope of services under the contract includes direct engineering and oversight of subcontractors providing civil and structural engineering, electrical distribution design, planning, drafting and mapping, permitting and construction support.

Mammoth Energy Announces Multi-Year Electric Vehicle Charging Station Engineering Contract

OKLAHOMA CITY, Nov. 16, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today released quotes from Mike Byrne, who previously served as the FCO for FEMA's response to Hurricane Irma and Hurricane Maria in Puerto Rico, regarding the work performed by Mammoth's subsidiary Cobra Acquisitions LLC ("Cobra").  Byrne's quotes were made on April 15, 2021 in a declaration as part of the Mastec Renewables Puerto Rico v.

Mammoth Energy Releases Testimony From FEMA Official Stating Funds Obligated By FEMA To PREPA Were Reasonable, Customary And "Made After Multiple Levels Of Review"

Mammoth Energy Services, Inc. (TUSK) CEO Arty Straehla on Q3 2021 Results - Earnings Call Transcript

OKLAHOMA CITY, Nov. 5, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the third quarter ended September 30, 2021. Financial Overview for the Third Quarter 2021: Total revenue was $57.5 million for the third quarter of 2021, as compared to $70.5 million for the same quarter last year and $47.4 million for the second quarter of 2021.

Mammoth Energy Services, Inc. Announces Third Quarter 2021 Operational and Financial Results

OKLAHOMA CITY, Nov. 3, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today issued the Notice of Proposed Settlement of Derivative Action to its stockholders ("Notice") relating to the pending derivative action disclosed by Mammoth in its reports filed with the Securities and Exchange Commission, which Notice was given in accordance with the Court order Preliminarily Approving Derivative Settlement and Providing for Notice dated October 28, 2021 ("Preliminary Approval Order"). Preliminary Approval of the Settlement of the Derivative Action As previously disclosed, in September 2019, four derivative lawsuits were filed, two in the United States District Court for the Western District of Oklahoma and two in the United States District Court for the District of Delaware (the "Court"), purportedly on behalf of Mammoth against its officers and directors, one of which was subsequently dismissed.

Mammoth Energy Announces Notice of Proposed Settlement of Derivative Action

OKLAHOMA CITY, Oct. 26, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2021 third quarter financial results on Friday, November 5, 2021 at 6:00 a.m. Eastern Time.

Mammoth Energy Services, Inc. Announces 2021 Third Quarter Earnings Release And Conference Call Schedule

OKLAHOMA CITY, Oct. 14, 2021 /PRNewswire/ -- "Our conclusion regarding the payment of Taxes claimed by our applicant is that THEY ARE ELIGIBLE." – William Delgado-Rodr i guez, P.E.

Mammoth Energy Releases 2019 Email From FEMA Official Stating Almost $62M In Commonwealth Taxes Prepaid To Puerto Rico By Cobra In 2019 Are Eligible To Be Paid Back

OKLAHOMA CITY, Oct. 1, 2021 /PRNewswire/ -- "I hope this is resolved fairly to a company that helped the most in the recovery." – José Ortiz, former PREPA CEO "PREPA would often find reasons not to pay Cobra – by, for instance, delaying their own inspections of completed work – even though Cobra's PW was obligated, and funds were awaiting draw-down by PREPA.

Mammoth Energy Releases Verbatim Testimonials from former FEMA and PREPA officials supporting the vital work done in the aftermath of Hurricane Maria. Yet $325 Million still unpaid by PREPA as of August 31, 2021.

Increased project bidding and funding capacity will benefit Mammoth Energy in the medium term. Its oilfield equipment business is likely to see higher demand because of the supply shortage and increased completions activities.

Mammoth Energy Services: Some Recovery Is In The Cards

Mammoth Energy Services, Inc. (TUSK) CEO Arty Straehla on Q2 2021 Results - Earnings Call Transcript

Shares of Mammoth Energy Services (NASDAQ:TUSK) fell 9.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 127.27% year over year to ($0.75), which missed the estimate of ($0.12).

Recap: Mammoth Energy Services Q2 Earnings

OKLAHOMA CITY, July 30, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ: TUSK) today reported financial and operational results for the second quarter ended June 30, 2021.

Mammoth Energy Services, Inc. Announces Second Quarter 2021 Operational and Financial Results

OKLAHOMA CITY, July 29, 2021 (GLOBE NEWSWIRE) -- On June 8, 2021, Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ:TUSK) announced that the Federal Emergency Management Agency (“FEMA”) released a Determination Memorandum dated May 26, 2021 related to hurricane repair work performed by Cobra Acquisitions LLC (“Cobra”) for the Puerto Rico Electric Power Authority (“PREPA”). The Determination Memorandum raised two contract compliance issues and, as a result, FEMA concluded that approximately $47 million in costs were not authorized costs under the contract. PREPA had 60 days from the receipt of FEMA's Determination Memorandum to file an appeal.

Mammoth Energy Provides Status Update on PREPA Receivable

OKLAHOMA CITY, July 23, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the “Company”), announced today that it will disclose its 2021 second quarter financial results on Friday, July 30, 2021 at 6:00 a.m. Eastern Time. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss second quarter results the same day at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).

Mammoth Energy Services, Inc. Announces 2021 Second Quarter Earnings Release and Conference Call Schedule

Mammoth Energy Services has lagged growth in the OFS space this year.

Mammoth Energy Services: Pivoting Toward The Grid

OKLAHOMA CITY, June 08, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ:TUSK) today announced that it has posted to its website additional information addressing two documents recently released by the Federal Emergency Management Agency (“FEMA”) that relate to hurricane repair work performed by Cobra Acquisitions LLC (“Cobra”) in Puerto Rico.

Mammoth Energy Releases Additional Information Regarding Work Performed in Puerto Rico

Mammoth Energy Services, Inc. (TUSK) CEO Arty Straehla on Q1 2021 Results - Earnings Call Transcript

OKLAHOMA CITY, April 29, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ: TUSK) today reported financial and operational results for the first quarter ended March 31, 2021.

Mammoth Energy Services, Inc. Announces First Quarter 2021 Operational and Financial Results

OKLAHOMA CITY, April 23, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth”) (NASDAQ:TUSK) today announced that it intends to release financial results for the first quarter of 2021 after the market close on April 29, 2021.

Mammoth Energy Announces Timing of 1Q 2021 Earnings Release

OKLAHOMA CITY, March 24, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ:TUSK) today announced that its wholly owned subsidiary, 5 Star Electric, LLC (“5 Star”), has been awarded a street lighting upgrade contract by a major Midwest investor owned utility. The five-year contract is expected to generate up to approximately $30 million in revenue over the contract term.

Mammoth Energy Announces 5-Year Street Lighting Upgrade Contract

Mammoth Energy Services' (TUSK) CEO Arty Straehla on Q4 2020 Results - Earnings Call Transcript

OKLAHOMA CITY, Feb. 25, 2021 (GLOBE NEWSWIRE) -- 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, 2020.

Mammoth Energy Services, Inc. Announces Fourth Quarter and Full Year 2020 Operational and Financial Results

The stock price of Mammoth Energy Services Inc (NASDAQ: TUSK) increased by 12.64%. This is why it happened.

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