secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001679268-23-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mammoth Energy Q2 revenue $75.4M, net loss $4.5M; refinancing and $55M buyback authorized
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- Total revenue $75.4M (-16% YoY); net loss $4.5M (-$0.09/diluted) vs net income $1.7M in Q2 2022.
- Well completion services revenue fell to $27.6M from $43.8M YoY; active fleets dropped to 1.6 from 3.5.
- Adjusted EBITDA $16.4M, down from $23.0M YoY and $30.7M in Q1 2023; capex reduced.
- Board approved stock repurchase up to $55M or 10M shares, contingent on closing credit facility refinancing.
- Received $10.75M from PREPA (first payment in 4+ years); still pursuing outstanding amounts plus interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926823000045/0001679268-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926823000045/tusk-20230811.htm
  HTML page:      https://secwatch.observer/filing/0001679268-23-000045

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