secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001679268-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mammoth Energy Q2 revenue $89.7M, net income $1.7M vs loss; 2022 capex guided to ~$20M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926822000036/0001679268-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926822000036/tusk-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001679268-22-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer