---
schema_version: "secwatch.filing_event.v1"
accession: "0001679268-23-000026"
form_type: "8-K"
ticker: "TUSK"
cik: "0001679268"
company_name: "MAMMOTH ENERGY SERVICES, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:06:11.327261+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mammoth Q1 rev $116.3M (+87% YoY), net income $8.4M; cuts capex outlook on nat-gas headwinds

## Summary
- Net income of $8.4M ($0.17 diluted) vs net loss of $14.8M ($0.32 loss) in Q1 2022.
- Adjusted EBITDA $30.7M, up 230% from $9.3M YoY; revenue rose 87% to $116.3M.
- Well Completion Services rev $67.3M on 2,018 stages vs $23.9M on 699 stages YoY.
- CEO cites ~50% drop in nat-gas prices since year-end; expects lower near-term completion utilization.
- Capex plan reduced to ~$24M; liquidity as of April 26 was $35.5M ($9.5M cash + $26M revolver availability).

## SEC filing metadata
- accession: 0001679268-23-000026
- form_type: 8-K
- ticker: TUSK
- cik: 0001679268
- company_name: MAMMOTH ENERGY SERVICES, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679268/000167926823000026/0001679268-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679268/000167926823000026/tusk-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679268-23-000026
- JSON: https://secwatch.observer/filing/0001679268-23-000026.json
- Plain text: https://secwatch.observer/filing/0001679268-23-000026.txt

## Key facts
- Earnings Releases
  MAMMOTH ENERGY SERVICES, INC. reported first quarter ended March 31, 2023 results: revenue $116.3 million, net income $8.4 million, or $0.17 per diluted share, EPS $0.17 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $116.3 million
  - Net income: $8.4 million, or $0.17 per diluted share
  - EPS: $0.17 per diluted share
  - Result: reported results
  source text: (NASDAQ: TUSK) today reported financial and operational results for the first quarter ended March 31, 2023. Financial Overview for the First Quarter 2023: Total revenue was $116.3 million for the first quarter of 2023, an increase of 87% compared to $62.3 million for the same quarter of 2022 and an increase of 13% compared to $102.9 million for the fourth quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679268/000167926823000026/0001679268-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.