Mammoth Energy Q3 revenue $65M, net loss $1.1M; refinances debt

MAMMOTH ENERGY SERVICES, INC.

2023-Q3 EPS reported $0.06 revenue$256,710,000

Total revenue of $65.0M, down 39% YoY from $107.2M; net loss $1.1M vs net income $7.7M in Q3 2022.
Adjusted EBITDA $13.4M, down from $29.8M in prior year quarter.
Well completion revenue $20.3M on 577 stages vs $51.5M on 1,897 stages YoY; 1.2 fleets active.
New $75M revolving credit facility with Fifth Third Bank and $45M term loan with Wexford closed Oct 16, 2023.
Received $11.4M from PREPA in Q3, total $22.2M YTD; still pursuing outstanding amounts.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MAMMOTH ENERGY SERVICES, INC. reported third quarter ended September 30, 2023 results: revenue $65.0 million, net income $1.1 million, or $0.02 loss per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $65.0 million
Net income: $1.1 million, or $0.02 loss per diluted share
Result: reported results

Exact text from the filing

Total revenue was $65.0 million for the third quarter of 2023 compared to $107.2 million for the same quarter last year and $75.4 million for the second quarter of 2023. Net loss for the third quarter of 2023 was $1.1 million, or $0.02 loss per diluted share

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Source: SEC EDGAR

accession 0001679268-23-000057

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