Mammoth sells hydraulic fracturing equipment for $15M; expects $7.7M-$9.2M impairment

MAMMOTH ENERGY SERVICES, INC.

Sold all hydraulic fracturing equipment to MGB Manufacturing for $15M cash; closed June 16, 2025.
Expects Q2 2025 goodwill impairment of $7.7M-$9.2M on carrying value exceeding fair value.
Hydraulic fracturing business to be reported as discontinued operations starting Q2 2025.
Estimated loss on sale of ~$36.5M after transaction costs and taxes.

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