earnings
confidence high
sentiment negative
materiality 0.75
Mammoth Q3 revenue $40M, net loss $24M; PREPA settlement makes company debt-free
MAMMOTH ENERGY SERVICES, INC.
2024-Q3 EPS reported
-$3.99
revenue$134,732,000
- Total revenue $40.0M, down 38% YoY from $65.0M; net loss $24.0M ($0.50/diluted share) vs $1.1M loss in Q3 2023.
- Adjusted EBITDA negative $6.4M vs positive $13.4M a year ago.
- Well Completion Services revenue fell to $2.2M from $20.3M; no active frac fleets during Q3.
- Received $168.4M of $188.4M from PREPA settlement; paid off $50.9M term loan and terminated facility, now debt-free.
- As of Oct 30, cash $86.2M, total liquidity $97.7M; plans to invest in dual-fuel frac equipment and infrastructure crews.