Quarterly financial report to be released by Mammoth Energy Services

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


Mammoth Energy Services, Inc. in Oklahoma City will release its first quarter financial earnings report next week, hoping to build on a fourth quarter 2022 where total revenue soared by 80% over the previous year.

The release will be made after the market closes on Thursday, April 27. Leadership will hold a conference call and webcast later in the day at 4 p.m. Central Time, to discuss the results.

Mammoth had fourth quarter revenue of nearly $103 million, up from the $57 million it reported in the same quarter of 2021. For all of 2022, the company’s total revenue was $362 million which represented a 58% increase compared to a year earlier.

Mammoth continues its fight to be paid hundreds of millions of dollars for the power restoration work it performed after Hurricane Maria pounded Puerto Rico in 2017. It remains in a legal battle with FEMA and the Puerto Rico Electric Power Authority to be paid more than $379 million.
In doing so, Mammoth asked Senate and Congressional members to assist in recovering its payments.