Mammoth Energy Q2 net loss $156M on $170.7M PREPA settlement charge; revenue $51.5M

MAMMOTH ENERGY SERVICES, INC.

2024-Q2 EPS reported -$3.50 revenue$94,716,000

Net loss $156M ($3.25/sh) vs $11.8M loss ($0.25/sh) in Q1; Adjusted EBITDA ($160.7M) vs $4.5M.
Revenue $51.5M, up 19% from Q1 $43.2M; Infrastructure Services $31.4M (+26% QoQ).
Recorded $170.7M non-cash charge from PREPA settlement; expects $188.4M total proceeds, plans to repay $49.3M term loan.
Well Completion: $10M on 292 stages (0.3 avg fleets active) vs $8.3M on 380 stages (0.6 fleets) in Q1.
Liquidity $24.6M at June 30; cash $10.3M; revolver undrawn with $14.3M available.

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