earnings
confidence high
sentiment positive
materiality 0.75
Mammoth Energy Q2 revenue $89.7M, net income $1.7M vs loss; 2022 capex guided to ~$20M
MAMMOTH ENERGY SERVICES, INC.
2022-Q2 EPS reported
-$0.28
revenue$151,976,000
- Q2 total revenue $89.7M (up 89% YoY); net income $1.7M ($0.04 EPS) vs net loss $34.8M ($0.75 loss) YoY.
- Adjusted EBITDA $23.0M vs ($3.3M) YoY; Well Completion revenue $43.8M on 1,716 stages (3.5 active fleets).
- Sand sold 350k tons at $26.86/ton avg; revenue $15.5M; Infrastructure revenue $25.6M on storm restoration.
- CapEx guidance raised $8M to ~$20M; plans to add 5th frac fleet in Q4'22, 6th in Q1'23, 7th by year-end 2023.
- Liquidity $27M as of June 30; Co. to defer Aug 1 settlement payment to Mastec, expects to pay by Dec 1.