Mammoth Energy Services, Inc. operates as an oilfield service company. The company operates in four segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution, networks and substation facilities, including the construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring. The Well Completion Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability. The Natural Sand Proppant Services segment is involved in mining, processing, and selling proppant for hydraulic fracturing; buying processed sand from suppliers on the spot market and reselling that sand; and providing logistics solutions to facilitate delivery of frac sand products. The Drilling Services segment offers contract land and directional drilling services, as well as rig moving services. The company also offers other energy services, including aviation, coil tubing, pressure control, flowback, cementing, acidizing, equipment rental, crude oil hauling, full-service transportation, and remote accommodation services. It serves government-funded utilities, private and public investor owned utilities, co-operative utilities, independent oil and natural gas producers and land-based drilling contractors in North America. Mammoth Energy Services, Inc. was founded in 2014 and is headquartered in Oklahoma City, Oklahoma.
IPO Year: 2016
Exchange: NASDAQ
Website: mammothenergy.com
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4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
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4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
4 - MAMMOTH ENERGY SERVICES, INC. (0001679268) (Issuer)
OKLAHOMA CITY, Nov. 7, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) ("Mammoth" or the "Company") today announced that Arty Straehla has notified Mammoth's Board of Directors of his decision to retire as the CEO of the Company, effective as of December 31, 2024. He will remain the CEO of the Company until Phil Lancaster, who currently serves as the Company's Vice President of Corporate Development, transitions into the role of the Chief Executive Officer. Mr. Lancaster will assume the role of the Company's Chief Executive Officer effective as of January 1, 2025. In connection with Mr. Straehla's pending retirement, Mr. Straehla has also resigned as a director of the Compan
OKLAHOMA CITY, Nov. 1, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) ("Mammoth" or the "Company") today reported financial and operational results for the third quarter ended September 30, 2024. Arty Straehla, Chief Executive Officer of Mammoth commented, "Softness across our Well Completion Services markets appeared to have bottomed in the third quarter, and we expect a rebound in the fourth quarter. More importantly, we were pleased to have recently received a total of $168.4 million of the $188.4 million owed to our subsidiary through the Settlement Agreement with the Puerto Rico Electric Power Authority, or PREPA. We are now debt free and have plans to invest in both
OKLAHOMA CITY, Oct. 28, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) (the "Company"), announced today that it will disclose its 2024 third quarter financial results before the market opens on Friday, November 1, 2024. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss third quarter results on the same day at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). What: Mammoth Energy Services' Third Quarter 2024 Earnings Conference Call When: Friday, November 1, 2024 at 10:00 a.m. Eastern / 9:00 a.m. Central How: Live via phone – By dialing 1-201-389-0872 and ask for the Mammoth Energy Services call at least 10 minutes
OKLAHOMA CITY, Oct. 21, 2024 /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 $18.4 million from the Puerto Rico Electric Power Authority ("PREPA") in accordance with the previously announced Settlement Agreement. Arty Straehla, Chief Executive Officer, commented, "We are pleased to have received the next installment payment under our Settlement Agreement with PREPA and look forward to receiving the final installment of $20 million upon the confirmation of PREPA's plan of adjustment in their bankruptcy proceedings. We maintain a significant cash position o
OKLAHOMA CITY, Oct. 3, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ:TUSK) today announced the payoff and termination of its term credit facility with Wexford Capital LP. On October 2, 2024, the Company used a portion of the proceeds received from the first installment payment from the previously disclosed settlement agreement with the Puerto Rico Electric Power Authority to pay off all outstanding amounts under its term credit facility, including accrued and unpaid interest, in the aggregate amount of $50.9 million, and terminated the facility. Mark Layton, Chief Financial Officer, commented, "We are excited to announce the payoff and termination
OKLAHOMA CITY, Oct. 1, 2024 /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 $150 million from the Commonwealth of Puerto Rico in accordance with the Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA"). Arty Straehla, Chief Executive Officer, commented, "We are happy to have received the initial $150 million in settlement proceeds. With this first installment, we intend to extinguish all outstanding obligations under our term credit facility on or before October 16, 2024 and we expect the remaining amount of approximately $98.8 millio
PREPA Required to Pay Cobra $150 Million within Ten Business Days OKLAHOMA CITY, Sept. 19, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ:TUSK), today announced that the previously disclosed Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA") was approved by the Title III Court at the omnibus hearing held on September 18, 2024. Under the terms of the Settlement Agreement, which was approved by Judge Laura Taylor Swain, Cobra will receive total settlement proceeds of $188.4 million. Additionally, PREPA is required to pay Cobra $150 million within ten business days
OKLAHOMA CITY, Aug. 9, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ:TUSK) today reported financial and operational results for the second quarter ended June 30, 2024. Financial Overview for the Second Quarter 2024:Total revenue was $51.5 million for the second quarter of 2024 compared to $43.2 million for the first quarter of 2024. Net loss for the second quarter of 2024 was $156.0 million, or $3.25 loss per diluted share, compared to net loss of $11.8 million, or $0.25 loss per diluted share, for the first quarter of 2024. Adjusted EBITDA (as defined and reconciled below) was ($160.7) million for the second quarter of 2024 compared to $4.5 million
OKLAHOMA CITY, July 29, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) (the "Company"), announced today that it will disclose its 2024 second quarter financial results before the market opens on Friday, August 9, 2024. 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. Eastern Time (9:00 a.m. Central Time). What: Mammoth Energy Services' Second Quarter 2024 Earnings Conference Call When: Friday, August 9, 2024 at 10:00 a.m. Eastern / 9:00 a.m. Central How: Live via phone – By dialing 1-201-389-0872 and ask for the Mammoth Energy Services call at least 10 minutes
Total Settlement Proceeds Expected to be Approximately $188 Million OKLAHOMA CITY, July 22, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc., ("Mammoth" or the "Company") (NASDAQ:TUSK) today announced that it has entered into a release and settlement agreement with the Puerto Rico Electric Power Authority ("PREPA") and the Financial Oversight and Management Board for Puerto Rico, in its capacity as Title III representative for PREPA ("FOMB"), to settle all outstanding matters between Cobra and PREPA (the "Settlement Agreement"). Arty Straehla, Chief Executive Officer, commented, "We are pleased to have reached this resolution
OKLAHOMA CITY, Nov. 7, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) ("Mammoth" or the "Company") today announced that Arty Straehla has notified Mammoth's Board of Directors of his decision to retire as the CEO of the Company, effective as of December 31, 2024. He will remain the CEO of the Company until Phil Lancaster, who currently serves as the Company's Vice President of Corporate Development, transitions into the role of the Chief Executive Officer. Mr. Lancaster will assume the role of the Company's Chief Executive Officer effective as of January 1, 2025. In connection with Mr. Straehla's pending retirement, Mr. Straehla has also resigned as a director of the Compan
OKLAHOMA CITY, Nov. 1, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) ("Mammoth" or the "Company") today reported financial and operational results for the third quarter ended September 30, 2024. Arty Straehla, Chief Executive Officer of Mammoth commented, "Softness across our Well Completion Services markets appeared to have bottomed in the third quarter, and we expect a rebound in the fourth quarter. More importantly, we were pleased to have recently received a total of $168.4 million of the $188.4 million owed to our subsidiary through the Settlement Agreement with the Puerto Rico Electric Power Authority, or PREPA. We are now debt free and have plans to invest in both
OKLAHOMA CITY, Oct. 28, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) (the "Company"), announced today that it will disclose its 2024 third quarter financial results before the market opens on Friday, November 1, 2024. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss third quarter results on the same day at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). What: Mammoth Energy Services' Third Quarter 2024 Earnings Conference Call When: Friday, November 1, 2024 at 10:00 a.m. Eastern / 9:00 a.m. Central How: Live via phone – By dialing 1-201-389-0872 and ask for the Mammoth Energy Services call at least 10 minutes
OKLAHOMA CITY, Oct. 21, 2024 /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 $18.4 million from the Puerto Rico Electric Power Authority ("PREPA") in accordance with the previously announced Settlement Agreement. Arty Straehla, Chief Executive Officer, commented, "We are pleased to have received the next installment payment under our Settlement Agreement with PREPA and look forward to receiving the final installment of $20 million upon the confirmation of PREPA's plan of adjustment in their bankruptcy proceedings. We maintain a significant cash position o
OKLAHOMA CITY, Oct. 3, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ:TUSK) today announced the payoff and termination of its term credit facility with Wexford Capital LP. On October 2, 2024, the Company used a portion of the proceeds received from the first installment payment from the previously disclosed settlement agreement with the Puerto Rico Electric Power Authority to pay off all outstanding amounts under its term credit facility, including accrued and unpaid interest, in the aggregate amount of $50.9 million, and terminated the facility. Mark Layton, Chief Financial Officer, commented, "We are excited to announce the payoff and termination
OKLAHOMA CITY, Oct. 1, 2024 /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 $150 million from the Commonwealth of Puerto Rico in accordance with the Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA"). Arty Straehla, Chief Executive Officer, commented, "We are happy to have received the initial $150 million in settlement proceeds. With this first installment, we intend to extinguish all outstanding obligations under our term credit facility on or before October 16, 2024 and we expect the remaining amount of approximately $98.8 millio
PREPA Required to Pay Cobra $150 Million within Ten Business Days OKLAHOMA CITY, Sept. 19, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ:TUSK), today announced that the previously disclosed Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA") was approved by the Title III Court at the omnibus hearing held on September 18, 2024. Under the terms of the Settlement Agreement, which was approved by Judge Laura Taylor Swain, Cobra will receive total settlement proceeds of $188.4 million. Additionally, PREPA is required to pay Cobra $150 million within ten business days
OKLAHOMA CITY, Aug. 9, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ:TUSK) today reported financial and operational results for the second quarter ended June 30, 2024. Financial Overview for the Second Quarter 2024:Total revenue was $51.5 million for the second quarter of 2024 compared to $43.2 million for the first quarter of 2024. Net loss for the second quarter of 2024 was $156.0 million, or $3.25 loss per diluted share, compared to net loss of $11.8 million, or $0.25 loss per diluted share, for the first quarter of 2024. Adjusted EBITDA (as defined and reconciled below) was ($160.7) million for the second quarter of 2024 compared to $4.5 million
OKLAHOMA CITY, July 29, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ:TUSK) (the "Company"), announced today that it will disclose its 2024 second quarter financial results before the market opens on Friday, August 9, 2024. 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. Eastern Time (9:00 a.m. Central Time). What: Mammoth Energy Services' Second Quarter 2024 Earnings Conference Call When: Friday, August 9, 2024 at 10:00 a.m. Eastern / 9:00 a.m. Central How: Live via phone – By dialing 1-201-389-0872 and ask for the Mammoth Energy Services call at least 10 minutes
Total Settlement Proceeds Expected to be Approximately $188 Million OKLAHOMA CITY, July 22, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc., ("Mammoth" or the "Company") (NASDAQ:TUSK) today announced that it has entered into a release and settlement agreement with the Puerto Rico Electric Power Authority ("PREPA") and the Financial Oversight and Management Board for Puerto Rico, in its capacity as Title III representative for PREPA ("FOMB"), to settle all outstanding matters between Cobra and PREPA (the "Settlement Agreement"). Arty Straehla, Chief Executive Officer, commented, "We are pleased to have reached this resolution
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Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
UPS: -9% | United Parcel Service Q2 2024 Adj EPS $1.79 Misses $1.99 Estimate, Sales $21.820B Miss $22.183B Estimate SOLV: 6.9% | Solventum shares are trading higher following a report suggesting Trian has built a stake in the company. TUSK: 57% | Mammoth Energy Services shares are trading higher after the company announced its subsidiary, Cobra Acquisitions, entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.
Shares of SAP SE (NYSE:SAP) rose sharply in today's pre-market trading after the company reported second-quarter financial results. SAP reported quarterly earnings of 82 cents per share which missed the analyst consensus estimate of $1.19 per share. Quarterly sales came in at $8.92 billion which missed the analyst consensus estimate of $8.96 billion, representing an 8.81% increase over sales from the same period last year, according to data from Benzinga Pro. SAP shares gained 5.9% to $212.34 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Nature’s Miracle Holding Inc. (NASDAQ:NMHI) rose 183.4% to $0.9779 in pre-market trading after fal
Total Settlement Proceeds Expected to be Approximately $188 MillionOKLAHOMA CITY, July 22, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc., ("Mammoth" or the "Company") (NASDAQ:TUSK) today announced that it has entered into a release and settlement agreement with the Puerto Rico Electric Power Authority ("PREPA") and the Financial Oversight and Management Board for Puerto Rico, in its capacity as Title III representative for PREPA ("FOMB"), to settle all outstanding matters between Cobra and PREPA (the "Settlement Agreement").Arty Straehla, Chief Executive Officer, commented, "We are pleased to have reached this resolution wit
Mammoth Energy Services (NASDAQ:TUSK) reported quarterly losses of $(0.25) per share which missed the analyst consensus estimate of $(0.03) by 733.33 percent. This is a 247.06 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $43.189 million which missed the analyst consensus estimate of $55.500 million by 22.18 percent. This is a 62.87 percent decrease over sales of $116.320 million the same period last year.
Mammoth Energy Services (NASDAQ:TUSK) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.09) by 33.33 percent. This is a 220 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $52.78 million which missed the analyst consensus estimate of $64.45 million by 18.10 percent. This is a 48.71 percent decrease over sales of $102.91 million the same period last year.
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