---
schema_version: "secwatch.filing_event.v1"
accession: "0001679268-24-000023"
form_type: "8-K"
ticker: "TUSK"
cik: "0001679268"
company_name: "MAMMOTH ENERGY SERVICES, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:36:44.229929+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mammoth Energy Q1 revenue $43.2M, net loss $0.25/sh; cuts 2024 capex to $9M

## Summary
- Revenue $43.2M, down 63% YoY vs $116.3M; net loss $11.8M ($0.25 loss/sh) vs net income $8.4M in Q1 2023.
- Adjusted EBITDA $4.5M vs $30.7M YoY; well completion fleets active averaged 0.6 vs 3.6.
- 2024 capex guidance lowered to $9M from prior $15M; cites soft natural gas activity.
- PREPA paid $64M YTD; $349M principal+interest still owed; net $9.6M received after SPCP repayment.
- Cash $22.0M at March 31; revolver undrawn with $21M available borrowing capacity.

## SEC filing metadata
- accession: 0001679268-24-000023
- form_type: 8-K
- ticker: TUSK
- cik: 0001679268
- company_name: MAMMOTH ENERGY SERVICES, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679268/000167926824000023/0001679268-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679268/000167926824000023/tusk-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679268-24-000023
- JSON: https://secwatch.observer/filing/0001679268-24-000023.json
- Plain text: https://secwatch.observer/filing/0001679268-24-000023.txt

## Key facts
- Earnings Releases
  MAMMOTH ENERGY SERVICES, INC. reported first quarter ended March 31, 2024 results: revenue $43.2 million, net income Net loss of $11.8 million, EPS $0.25 loss per diluted share. Guidance lowered.
  - Period: first quarter ended March 31, 2024
  - Revenue: $43.2 million
  - Net income: Net loss of $11.8 million
  - EPS: $0.25 loss per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Total revenue was $43.2 million for the first quarter of 2024 compared to $116.3 million for the same quarter of 2023 and $52.8 million for the fourth quarter of 2023. Net loss for the first quarter of 2024 was $11.8 million, or $0.25 loss per diluted share, compared to net income of $8.4 million, or $0.17 per diluted share, for the same quarter of 2023 and net loss of $6.0 million, or $0.12 loss per diluted share, for the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679268/000167926824000023/0001679268-24-000023-index.htm

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