secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001679268-21-000066
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926821000066/0001679268-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926821000066/tusk-20211105.htm
  HTML page:      https://secwatch.observer/filing/0001679268-21-000066

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