| Mammoth Energy Services, Inc. (TUSK) Q1 2025 Earnings Call Transcript |
Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Zach Vaughan - Investor Relations Phil Lancaster - Chief Executive Officer Mark Layton - Chief Financial Officer Conference Call Participants Josh Jayne - Daniel Energy Partners Operator Greetings, and welcome to the Mammoth Energy Services First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. |
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2025-05-07 20:02:11 |
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| Mammoth Energy Services, Inc. Announces First Quarter 2025 Operational and Financial Results |
OKLAHOMA CITY , May 7, 2025 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today reported financial and operational results for the first quarter ended March 31, 2025. Phil Lancaster, Chief Executive Officer of Mammoth commented, "We are pleased with the strength of our first quarter results that generated positive Adjusted EBITDA. |
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2025-05-07 12:00:00 |
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| Mammoth Energy Services, Inc. Announces 2025 First Quarter Earnings Release and Conference Call Schedule |
OKLAHOMA CITY , April 28, 2025 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2025 first quarter financial results before the market opens on Wednesday, May 7, 2025. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss first quarter results on the same day at 11:00 a.m. |
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2025-04-28 20:15:00 |
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| Mammoth Energy Services, Inc. Announces Sale of Infrastructure Subsidiaries |
Cash Position Grows to $160 million; Further Expands Deployment Opportunities Company Acquires Planes to Expand Aircraft Rental Services Fleet OKLAHOMA CITY , April 14, 2025 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that its subsidiary Lion Power Services LLC ("Lion") has completed a transaction to sell all equity interests in its wholly-owned subsidiaries 5 Star Electric, LLC ("5 Star"), Higher Power Electrical, LLC ("Higher Power") and Python Equipment LLC ("Python"), to Peak Utility Services Group, Inc. ("Peak") for an aggregate sales price of $108.7 million. At the close of the transaction, Lion received cash proceeds totaling $98.3 million with the remaining $10.4 million deposited into an escrow account to fund post-closing adjustments for at least ninety days and indemnified liabilities until at least May 15, 2026. |
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2025-04-14 11:00:00 |
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| Mammoth Energy Services, Inc. (TUSK) Q4 2024 Earnings Call Transcript |
Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q4 2024 Earnings Conference Call March 7, 2025 11:00 AM ET Company Participants Rick Black - Investor Relations Phil Lancaster - Chief Executive Officer Mark Layton - Chief Financial Officer Operator Greetings and welcome to the Mammoth Energy Services 2024 Fourth Quarter and Full Year Results. At this time, all participants are in a listen-only mode. |
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2025-03-07 16:46:24 |
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| Mammoth Energy Services, Inc. Announces Fourth Quarter and Full Year 2024 Operational and Financial Results |
OKLAHOMA CITY , March 7, 2025 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today reported financial and operational results for the fourth quarter and full year ended December 31, 2024. Phil Lancaster, Chief Executive Officer of Mammoth commented, "There were signs of improvement in our results for the fourth quarter. |
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2025-03-07 10:00:00 |
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| Mammoth Energy Services, Inc. Announces 2024 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule |
OKLAHOMA CITY , Feb. 25, 2025 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2024 fourth quarter and full year financial results before the market opens on Friday, March 7, 2025. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss fourth quarter and full year results on the same day at 11:00 a.m. |
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2025-02-25 18:15:00 |
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| Mammoth Energy Services: Expected To Benefit From Renewed Natural Gas Development (Rating Upgrade) |
Mammoth Energy Services may end 2024 with around $1.50 per share in adjusted net cash. The adjustments would be for $45 million in income taxes payable and $20 million in remaining settlement payments to be received. Well completion services demand has been minimal in 2024 with Appalachian natural gas prices often below $1.50. |
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2025-01-14 13:00:36 |
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| Mammoth Energy Services, Inc. Announces CEO Transition |
OKLAHOMA CITY , Nov. 7, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today announced that Arty Straehla has notified Mammoth's Board of Directors of his decision to retire as the CEO of the Company, effective as of December 31, 2024. He will remain the CEO of the Company until Phil Lancaster, who currently serves as the Company's Vice President of Corporate Development, transitions into the role of the Chief Executive Officer. |
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2024-11-07 09:00:00 |
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| Mammoth Energy Services, Inc. (TUSK) Q3 2024 Earnings Call Transcript |
Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Zach Vaughan - Investor Relations Arty Straehla - Chief Executive Officer Mark Layton - Chief Financial Officer Conference Call Participants Josh Jayne - Daniel Energy Partners Operator Greetings and welcome to the Mammoth Energy Services Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. |
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2024-11-02 08:04:17 |
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| Mammoth Energy Services, Inc. Announces Third Quarter 2024 Operational and Financial Results |
OKLAHOMA CITY , Nov. 1, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today reported financial and operational results for the third quarter ended September 30, 2024. Arty Straehla, Chief Executive Officer of Mammoth commented, "Softness across our Well Completion Services markets appeared to have bottomed in the third quarter, and we expect a rebound in the fourth quarter. |
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2024-11-01 09:00:00 |
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| Mammoth Energy Services, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call Schedule |
OKLAHOMA CITY , Oct. 28, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2024 third quarter financial results before the market opens on Friday, November 1, 2024. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss third quarter results on the same day at 10:00 a.m. |
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2024-10-28 10:00:00 |
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| Cobra Acquisitions LLC Announces Receipt of $18.4 Million From PREPA |
OKLAHOMA CITY , Oct. 21, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK), today announced the receipt of $18.4 million from the Puerto Rico Electric Power Authority ("PREPA") in accordance with the previously announced Settlement Agreement. Arty Straehla, Chief Executive Officer, commented, "We are pleased to have received the next installment payment under our Settlement Agreement with PREPA and look forward to receiving the final installment of $20 million upon the confirmation of PREPA's plan of adjustment in their bankruptcy proceedings. |
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2024-10-21 11:00:00 |
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| Mammoth Energy Services: Scratch And Dent Sale, Come On Down |
Mammoth Energy Services has significant potential in electrical infrastructure, especially post-natural disasters, with a strong cash position and no debt. EF Hutton's raised price target suggests optimism, particularly with potential surprises in Q3 and Q4 due to hurricane impacts and increased gas drilling activity. TUSK's infrastructure services show growth, driven by increased storm-related work and opportunities from the Infrastructure Investment and Jobs Act. |
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2024-10-11 11:30:00 |
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| Mammoth Announces Payoff and Termination of Term Credit Facility and Increase in 2024 Capital Expenditure Guidance |
OKLAHOMA CITY , Oct. 3, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced the payoff and termination of its term credit facility with Wexford Capital LP. On October 2, 2024, the Company used a portion of the proceeds received from the first installment payment from the previously disclosed settlement agreement with the Puerto Rico Electric Power Authority to pay off all outstanding amounts under its term credit facility, including accrued and unpaid interest, in the aggregate amount of $50.9 million, and terminated the facility. |
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2024-10-03 11:00:00 |
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| Cobra Acquisitions LLC Announces Receipt of $150 Million |
OKLAHOMA CITY , Oct. 1, 2024 /PRNewswire/ --Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK), today announced the receipt of $150 million from the Commonwealth of Puerto Rico in accordance with the Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA"). Arty Straehla, Chief Executive Officer, commented, "We are happy to have received the initial $150 million in settlement proceeds. |
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2024-10-01 20:15:00 |
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| Cobra Acquisitions LLC Announces Approval of Settlement Agreement by Title III Court |
PREPA Required to Pay Cobra $150 Million within Ten Business Days OKLAHOMA CITY , Sept. 19, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK), today announced that the previously disclosed Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA") was approved by the Title III Court at the omnibus hearing held on September 18, 2024. |
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2024-09-19 11:00:00 |
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| Mammoth Energy Services, Inc. (TUSK) Q2 2024 Earnings Call Transcript |
Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Ken Denard - Dennard Lascar Investor Relations Arty Straehla - Chief Executive Officer Mark Layton - Chief Financial Officer Conference Call Participants John Daniel - Daniel Energy Partners David Marsh - Singular Research Operator Greetings and welcome to the Mammoth Energy Services Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. |
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2024-08-10 17:49:09 |
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| Mammoth Energy Services, Inc. Announces Second Quarter 2024 Operational and Financial Results |
OKLAHOMA CITY , Aug. 9, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the second quarter ended June 30, 2024. Financial Overview for the Second Quarter 2024: Total revenue was $51.5 million for the second quarter of 2024 compared to $43.2 million for the first quarter of 2024. |
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2024-08-09 11:00:00 |
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| Mammoth Energy Services, Inc. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule |
OKLAHOMA CITY , July 29, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2024 second quarter financial results before the market opens on Friday, August 9, 2024. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss second quarter results on the same day at 10:00 a.m. |
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2024-07-29 12:00:00 |
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| COBRA ACQUISITIONS LLC ANNOUNCES SETTLEMENT AGREEMENT WITH PREPA |
Total Settlement Proceeds Expected to be Approximately $188 Million OKLAHOMA CITY , July 22, 2024 /PRNewswire/ -- Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc., ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced that it has entered into a release and settlement agreement with the Puerto Rico Electric Power Authority ("PREPA") and the Financial Oversight and Management Board for Puerto Rico, in its capacity as Title III representative for PREPA ("FOMB"), to settle all outstanding matters between Cobra and PREPA (the "Settlement Agreement"). Arty Straehla, Chief Executive Officer, commented, "We are pleased to have reached this resolution with PREPA and look forward to receiving the money for work we concluded over five years ago. |
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2024-07-22 20:15:00 |
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| Mammoth Energy Services, Inc. (TUSK) Q1 2024 Earnings Call Transcript |
Mammoth Energy Services, Inc. (NASDAQ:TUSK ) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Zach Vaughan - Investor Relations Arty Straehla - Chief Executive Officer Mark Layton - Chief Financial Officer Conference Call Participants Blake McLean - Daniel Energy Partners Michael Mathison - Singular Research Operator Greetings, and welcome to the Mammoth Energy Services First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. |
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2024-05-04 17:35:28 |
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| Mammoth Energy Services: Dealing With Challenging Near-Term Business Conditions |
Mammoth's Q1 2024 results were quite weak, with negative $6 million in adjusted EBITDA, excluding PREPA interest. Only an average of 0.6 of its 6 pressure pumping fleets were active in Q1 2024. I still expect a 1H 2025 rebound in demand, but Mammoth will need to manage its liquidity for the rest of 2024. |
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2024-05-04 02:15:00 |
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| Mammoth Energy Services, Inc. Announces First Quarter 2024 Operational and Financial Results |
OKLAHOMA CITY , May 2, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today reported financial and operational results for the first quarter ended March 31, 2024. Financial Overview for the First Quarter 2024: Total revenue was $43.2 million for the first quarter of 2024 compared to $116.3 million for the same quarter of 2023 and $52.8 million for the fourth quarter of 2023. |
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2024-05-02 11:00:00 |
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| MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE |
OKLAHOMA CITY , April 22, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (the "Company"), announced today that it will disclose its 2024 first quarter financial results before the market opens on Thursday, May 2, 2024. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss first quarter results on the same day at 10:00 a.m. |
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2024-04-22 20:15:00 |
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| Mammoth Energy Services, Inc. (TUSK) Q4 2023 Earnings Call Transcript |
Mammoth Energy Services, Inc. (TUSK) Q4 2023 Earnings Call Transcript |
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2024-03-01 13:31:03 |
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| Mammoth Energy Services, Inc. Announces PREPA's Payment of $50.6 Million and Reports Fourth Quarter and Full Year 2023 Operational and Financial Results |
OKLAHOMA CITY , March 1, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced payment of $50.6 million from the Puerto Rico Electric Power Authority ("PREPA") for a portion of the work its wholly-owned subsidiary Cobra Acquisitions LLC ("Cobra") completed in the aftermath of Hurricane Maria. This is in addition to $13.4 million paid by PREPA in January 2024. |
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2024-03-01 09:00:00 |
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| Mammoth Energy: Improved Liquidity By Partially Monetizing Accounts Receivables |
Mammoth Energy Services, Inc. exchanged some of its Puerto Rico Electric Power Authority accounts receivables for cash upfront from a third party. Mammoth will give the next $54.4 million paid by PREPA to the SPCP Group and is receiving $46.3 million in net proceeds. The proceeds help pay off Mammoth's credit facility debt and gives it the ability to weather a period of challenging business results. |
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2024-02-13 16:22:56 |
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