Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
MAMMOTH ENERGY SERVICES, INC. completed a disposition involving MGB Manufacturing, LLC for $15.0 million (closed 2025-06-16).
- Action
- disposition
- Counterparty
- MGB Manufacturing, LLC
- Consideration
- $15.0 million
- Closing
- 2025-06-16
Exact text from the filing
Stingray Pressure Pumping LLC (“Stingray”) and Mammoth Equipment Leasing LLC (“Mammoth Equipment”), subsidiaries of Mammoth Energy Services, Inc. (“Mammoth” or the “Company”), entered into an Equipment Purchase Agreement (the “Agreement”), as the sellers, with MGB Manufacturing, LLC (“MGB”), as the buyer, pursuant to which Stingray and Mammoth Equipment sold all of the Company’s equipment used in its hydraulic fracturing business, which is included in the Company’s Well Completion segment, to MGB for $15.0 million (the “Transaction”).
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
MAMMOTH ENERGY SERVICES, INC. announced a impairment with charges of ranging between $7.7 million and $9.2 million affecting hydraulic fracturing business.
- Type
- impairment
- Charge
- ranging between $7.7 million and $9.2 million
- Affected area
- hydraulic fracturing business
Exact text from the filing
As a result, the Company expects to recognize impairment expense during the second quarter of 2025 ranging between $7.7 million and $9.2 million.
View on SEC.gov