secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001679268-24-000061
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 Q2 net loss $156M on $170.7M PREPA settlement charge; revenue $51.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000061/0001679268-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000061/tusk-20240809.htm
  HTML page:      https://secwatch.observer/filing/0001679268-24-000061

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