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Mammoth Energy Services Inc (NASDAQ: TUSK) delivers essential oilfield and infrastructure solutions across North America. This dedicated news hub provides investors and industry professionals with timely updates on operational developments, strategic initiatives, and market positioning.
Access authoritative reporting on earnings announcements, infrastructure project milestones, and service line expansions. Our curated collection ensures you stay informed about critical updates in well completion technologies, natural sand proppant supply chains, and electric grid construction projects.
Key coverage areas include hydraulic fracturing innovations, drilling efficiency advancements, and infrastructure service contracts. Bookmark this page for streamlined access to Mammoth Energy's latest press releases and third-party analysis, all organized to support informed decision-making.
Mammoth Energy Services, Inc. (NASDAQ: TUSK) will disclose its 2023 first quarter financial results after market close on April 27, 2023. A conference call and webcast are scheduled for the same day at 5:00 p.m. Eastern Time to discuss these results. Interested parties can join via phone or online through the company’s website. An archive of the webcast will be available shortly after the call ends. Mammoth Energy specializes in providing products and services for the exploration and development of North American oil and natural gas reserves, as well as electric grid construction and repair. The company's services include well completion, infrastructure services, and energy-related support.
Mammoth Energy Services (NASDAQ: TUSK) reported strong financial results for Q4 and the full year of 2022. Q4 revenue surged to $102.9 million, an 80% increase from $57.2 million in Q4 2021, while total revenue for 2022 reached $362.1 million, up 58% from $229.0 million. The company achieved a net income of $4.8 million for Q4, reversing a net loss of $13.3 million in the same quarter last year. Adjusted EBITDA grew to $24.1 million in Q4, bolstered by robust demand in its Well Completion and Infrastructure Services divisions. Despite some challenges, including a $3.5 million bad debt expense, Mammoth remains optimistic about future performance and operational efficiency improvements.
Mammoth Energy Services, Inc. (NASDAQ: TUSK) will release its 2022 fourth quarter and full year financial results on February 23, 2023, post market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Investors can join via phone (1-201-389-0872) or through the company's website. An archive of the call will be accessible after its conclusion. Mammoth Energy specializes in infrastructure services for electric grid construction and repair, along with oil and gas exploration support services. For further updates, visit www.mammothenergy.com.
Mammoth Energy Services (NASDAQ: TUSK) announced on January 24, 2023, that its subsidiary, Cobra Acquisitions LLC, has filed a certified claim for approximately $379 million with FEMA due to unpaid work related to the restoration of Puerto Rico's power grid after Hurricane Maria in 2017. Despite assurances from FEMA, Cobra has not received payment for its efforts made over five years ago. The CEO emphasized their expectation for payment and highlighted the company's readiness to pursue legal action if necessary. This development underscores ongoing financial challenges and operational complexities faced by Cobra in recovering owed funds.
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