Mammoth Energy Services, Inc. provides a diversified suite of rental, infrastructure and energy services across North America. Its reported offerings include specialized equipment rentals for aviation, construction and energy operations; fiber optic engineering and construction; natural sand proppant for hydraulic fracturing; directional drilling services; and workforce accommodation facilities for large-scale remote projects.
News about TUSK commonly covers operational and financial results, conference-call announcements, segment performance, portfolio simplification, completed asset divestitures, aviation platform investment, balance-sheet positioning and capital-allocation updates tied to the company’s service mix.
Mammoth Energy Services (TUSK) reported Q1 2020 results with total revenue of $97.4 million, up from $67.6 million Q4 2019, but down from $262.1 million Q1 2019. The company faced a net loss of $84.0 million, or $1.85 per share, compared to a loss of $60.8 million in the prior quarter. Adjusted EBITDA stood at $13.5 million, recovering from a loss of $10.3 million in Q4 2019. The infrastructure segment generated $25.7 million, while oilfield operations struggled due to reduced capital expenditures and demand related to COVID-19.
Mammoth Energy Services (NASDAQ:TUSK) will release its first quarter 2020 financial results on May 11, 2020, before market opening. A conference call is scheduled for the same day at 3:00 p.m. Central Time to discuss the results, accessible via phone or webcast. The company focuses on energy infrastructure services, catering to the oil and gas sector, and utilities across North America.
Mammoth Energy Services, Inc. (NASDAQ:TUSK) has postponed its earnings announcement for the quarter ended March 31, 2020. A new date, time, and call-in information for the earnings announcement and conference call will be disclosed later. Mammoth is an integrated energy service company focused on the exploration and development of North American unconventional oil and natural gas reserves, offering a wide range of services, including pressure pumping, infrastructure services, and contract drilling.
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