earnings
confidence high
sentiment positive
materiality 0.75
Mammoth Energy Q3 revenue $107.2M (+86% YoY), net income $7.7M vs loss $40.9M
MAMMOTH ENERGY SERVICES, INC.
2022-Q3 EPS reported
-$0.11
revenue$259,178,000
- Revenue $107.2M, up 86% YoY; net income $7.7M ($0.16/share) vs loss $40.9M ($0.88 loss) in Q3 2021.
- Adjusted EBITDA $29.8M vs ($29.3M) YoY; sequential improvement from $23.0M in Q2.
- Infrastructure Services revenue $33.3M (+33% YoY); Well Completion $51.5M (+127% YoY) on 1,897 stages.
- Plans to add fifth pressure pumping spread in Q4, sixth fleet in H1 2023; one spread upgrade to Tier 4 dual fuel.
- SG&A expenses $9.7M (9% of revenue) vs $41.4M (73%) YoY; cash $10.6M, liquidity $17.5M.