secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001679268-23-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926823000026/0001679268-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926823000026/tusk-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001679268-23-000026

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