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.
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.
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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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.
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.
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.
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.
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.
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.