The first quarter financial results of Oklahoma City-based Mammoth Energy Services will be released early in May as investors await news whether there might be a turnaround in the company’s finances.
The company announced this week that it intends to make the results known after the close of markets on May, May 9. Company leadership will then old a conference call and webcast afterward on the same date beginning at 5 p.m. Central time.
While Mammoth reported more than $57 million in fourth quarter 2021 revenue, it also had a loss of $13.3 million or 28 cents a share.
Its total revenue for all of 2021 was also down as the company recorded a net loss of $101.4 million or $2.18 per fully diluted share. The loss came on top of Mammoth’s 2020 recorded loss of $107.6 million.