Mammoth Energy Q1 2022 revenue $62.3M, net loss widens to $14.8M

MAMMOTH ENERGY SERVICES, INC.

2022-Q1 EPS reported -$0.32 revenue$62,298,000

Revenue $62.3M, down 7% YoY from $66.8M; net loss $14.8M ($0.32/sh) vs $12.4M loss YoY.
Adjusted EBITDA $9.3M, roughly flat YoY but down from $17.2M in Q4 2021.
Infrastructure revenue fell to $23M (37% of total) from $30.2M YoY due to less storm restoration.
Well completions rev $23.9M on 699 stages; sand sales 329k tons at $21.44/ton (up from 171k tons at $16.83).
Liquidity $19.6M; revolver debt $86M; expects 2022 capex ~$12M.

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