secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001679268-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000023/0001679268-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000023/tusk-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001679268-24-000023

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