secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001679268-24-000003
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 Q4 net loss $6.0M on rev $52.8M; receives $50.6M from PREPA
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- PREPA paid $50.6M in March plus $13.4M in Jan; extinguished SPCP liability, netting ~$9.6M cash.
- Q4 2023 revenue $52.8M (-49% YoY); net loss $6.0M ($0.12 loss/diluted share) vs net income $4.8M in Q4 2022.
- Full year 2023 revenue $309.5M (-15% YoY); net loss $3.2M vs net loss $0.6M in 2022.
- Well completion rev fell to $16.1M (669 stages) from $51.4M (1,837 stages); only 0.9 fleets active.
- Liquidity $37.3M at year-end; 2024 capex budget ~$15M; revolver undrawn with $27M borrowing base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000003/0001679268-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000003/tusk-20240301.htm
  HTML page:      https://secwatch.observer/filing/0001679268-24-000003

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