secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001679268-24-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mammoth Q3 revenue $40M, net loss $24M; PREPA settlement makes company debt-free
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000074/0001679268-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926824000074/tusk-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001679268-24-000074

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