4Q earnings report coming this month for Mammoth Energy Services

Mammoth Energy reports $60.8 million loss for Q4 | The Journal Record


Mammoth Energy Services, Inc. announced that it will disclose its 2022 fourth quarter and full year financial results after the market closes on Thursday, February 23, 2023.

In conjunction with the earnings release, the company has scheduled a conference call and webcast to discuss fourth quarter and full year results the same day at 5:00 p.m. Eastern Time (4:00 p.m. Central Time).

Investors await word whether Mammoth’s fourth quarter results will be as strong as the third quarter when total revenue was $107.2 million compared to $57.5 million in the same quarter of 2021. The third quarter revenue was also a major gain from the $89.7 million reported for the second quarter of 2022.

Net income for the third quarter was $7.7 million or 16 cents a share, far better than the $40.9 million or 88 cent-loss a share for the same quarter of 2021.