Mammoth Energy Q4 revenue up 80% to $102.9M; net income $4.8M vs loss a year ago

MAMMOTH ENERGY SERVICES, INC.

2022-FY EPS reported -$0.01 revenue$362,086,000

Q4 revenue $102.9M (+80% YoY); net income $4.8M ($0.10/sh) vs net loss $13.3M in Q4 2021.
Full year 2022 revenue $362.1M (+58% YoY); net loss $0.6M ($0.01/sh) vs net loss $101.4M in 2021.
Adjusted EBITDA Q4 $24.1M (+40% YoY); full year $86.1M vs ($11.6M) in 2021.
PREPA receivable $379M; FEMA affirmed work; PREPA indicates ~$99.2M FEMA funding available subject to $21.5M offsets.
Added fifth pressure pumping spread in Jan 2023; plans to upgrade sixth spread to Tier 4 dual fuel in H2 2023.

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