Mammoth Energy Q3 net loss $40.9M; revenue falls 18% YoY; credit facility covenants waived

MAMMOTH ENERGY SERVICES, INC.

2021-Q3 EPS reported -$1.90 revenue$171,730,000

Total revenue $57.5M, down from $70.5M a year ago; net loss of $40.9M ($0.88 per share) vs net income of $3.4M.
Adjusted EBITDA negative $29.7M; excluding $32.6M Gulfport settlement expense, adjusted EBITDA was $2.9M.
SG&A soared to $41.9M from $12.2M due to $31.2M bad debt provision related to Gulfport Energy settlement.
Credit facility amended: revolver cut from $130M to $120M; leverage and fixed charge ratios waived for Q3 and Q4 2021.
Liquidity at Sep 30: $51.2M (cash $8.0M, revolver availability $43.2M); as of Nov 3, cash $6.5M, availability $24.1M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.