earnings
confidence high
sentiment negative
materiality 0.70
Mammoth Energy Q2 net loss $34.8M ($0.75/share); revenue $47.4M down 21% YoY
MAMMOTH ENERGY SERVICES, INC.
2021-Q2 EPS reported
-$1.02
revenue$114,244,000
- Net loss $34.8M ($0.75 loss per share) vs $15.2M ($0.33) YoY; Adjusted EBITDA -$5.5M vs +$6.9M.
- Revenue $47.4M, down from $60.1M YoY and $66.8M QoQ; infrastructure revenue fell to $17.2M.
- Well completion: 0.9 avg fleets active, 520 stages; sand sales 255k tons at $15.80/ton.
- SG&A $12.0M (25% of revenue); bad debt provision only $76k vs $10M in Q1 from Gulfport.
- Cash $11.0M, revolver borrowings $60.2M, liquidity $62.1M; capex $0.6M in quarter.