MAMMOTH ENERGY SERVICES, INC.

Listed Company

TUSKCIK 0001679268NasdaqAcceleratedSmaller ReportingOil & Gas Field Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$44.29M

Net Income

$4.60M

Total Assets

$334.89M

Equity

$258.29M

Shares Out

48.36M

Op. Cash Flow

$-18.57M

Business

MAMMOTH ENERGY SERVICES, INC. is an integrated energy services company providing products and services to support North American onshore unconventional oil and natural gas exploration and development and to construct and repair electric grid infrastructure. Its offerings include well completion services (hydraulic fracturing, sand hauling, water transfer), infrastructure engineering, design, construction, maintenance and repair, natural sand proppant mining/processing/sales, plus directional drilling, aviation, equipment rentals, remote accommodations and equipment manufacturing. Its operations are organized into three reportable segments: well completion services, infrastructure services and natural sand proppant services. The company serves customers across major U.S. shale basins and regions and in Alberta, Canada, distributing sand primarily by rail and delivering services through regional facilities and service centers.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	44	46	309	362	—
Selling, general and administrative	20	114	37	40	78
Depreciation, depletion, amortization and accretion	10	12	45	64	78
Gains on disposal of assets, net	−2	−3	−6	−4	−5
Impairment of long-lived assets	32	0	—	—	—
Total cost and expenses	102	166	326	379	—
Operating loss	−57	−120	−17	−16	−123
Interest income (expense and financing charges), net	2	−9	—	—	—
Other (expense) income, net	−4	−65	42	41	6
Total other (expense) income	−2	−74	26	29	−1
Loss from continuing operations before income taxes	−60	−194	9	13	−124
Provision (benefit) for income taxes from continuing operations	4	−11	12	14	−23
Net loss from continuing operations	−64	−183	—	—	—
Net income (loss) from discontinued operations, net of income taxes	68	−24	—	—	—
Net income (loss)	5	−207	−3	−619,000	−101
Foreign currency translation adjustment	461,000	−831,000	—	—	—
Other comprehensive (loss) income	461,000	−831,000	—	—	—
Comprehensive income (loss)	5	−208	−3	−2	−101
Net loss per share from continuing operations, basic (in USD per share)	−1.32	−3.81	—	—	—
Net loss per share from continuing operations, diluted (in USD per share)	−1.32	−3.81	—	—	—
Net (loss) income per share from discontinued operations, basic (in USD per share)	1.42	−0.5	—	—	—
Net (loss) income per share from discontinued operations, diluted (in USD per share)	1.42	−0.5	—	—	—
Net loss per share, basic (in USD per share)	0.1	−4.31	−0.07	−0.01	−2.18
Net earnings (loss) per share, diluted (in USD per share)	0.1	−4.31	−0.07	−0.01	−2.18
Weighted average number of shares outstanding (basic) (in shares)	48	48	48	47	46
Weighted average number of shares outstanding (diluted) (in shares)	48	48	48	47	46

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	102	61	17	17	10
Marketable securities	20	0	—	—	—
Restricted cash	12	19	8	0	—
Accounts receivable, net	29	41	447	456	408
Inventories	4	7	13	9	8
Current assets held for sale	4	0	—	—	—
Other current assets	5	11	11	620,000	737,000
Current assets of discontinued operations	2	50	—	—	—
Total current assets	177	189	497	497	441
Property, plant and equipment, net	106	67	114	138	177
Sand reserves, net	40	57	59	—	—
Operating lease right-of-use assets	3	4	10	11	12
Other non-current assets	6	7	9	4	4
Noncurrent assets of discontinued operations	4	60	—	—	—
Total assets	335	384	698	725	721
Accounts payable	9	12	28	47	38
Accrued expenses and other current liabilities	18	26	88	52	—
Current operating lease liability	2	3	6	5	6
Income taxes payable	40	45	61	49	43
Current liabilities of discontinued operations	383,000	30	—	—	—
Total current liabilities	70	115	183	237	150
Deferred income tax liabilities	2	3	628,000	471,000	865,000
Long-term operating lease liability	1	1	4	5	6
Asset retirement obligations	3	4	4	4	4
Other long-term liabilities	26,000	213,000	5	15	12
Noncurrent liabilities of discontinued operations	0	8	—	—	—
Total liabilities	77	131	238	262	258
COMMITMENTS AND CONTINGENCIES (Note 18)	—	—	—	—	—
Common stock, $0.01 par value, 200,000,000 shares authorized, 48,358,315 and 48,127,369 issued and outstanding at December 31, 2025 and 2024, respectively	483,000	481,000	479,000	473,000	467,000
Additional paid-in capital	541	540	540	539	538
Accumulated deficit	−279	−284	−76	−73	−73
Accumulated other comprehensive loss	−4	−4	−4	−4	−3
Total equity	258	253	460	463	463
Total liabilities and equity	335	384	698	725	721

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock based compensation	412,000	875,000	1	923,000	1
Depreciation, depletion, amortization and accretion	10	12	45	64	78
Amortization of financing origination costs	708,000	3	1	777,000	665,000
Change in provision for expected credit losses	49,000	171	−591,000	3	42
Gains on disposal of assets, net	−2	−3	−6	−4	−5
Gains from sales of equipment damaged or lost down-hole	−221,000	−157,000	−335,000	−604,000	−288,000
Impairment of long-lived assets	32	0	0	0	1
Inventory obsolescence	0	97,000	—	—	0
Deferred income taxes	−591,000	4	−2	8	−32
Other	1	63,000	−693,000	−117,000	280,000
Accounts receivable, net	12	206	11	−53	−56
Inventories	116,000	43,000	−4	−517,000	4
Other current assets	6	590,000	—	—	—
Accounts payable	−3	−2	−18	7	−3
Income taxes payable	−5	−17	13	6	9
Net cash (used in) provided by operating activities from continuing operations	−20	195	—	—	—
Net cash provided by (used in) operating activities from discontinued operations	1	−14	—	—	—
Net cash provided by operating activities	−19	181	31	15	−19
Purchases of property, plant and equipment	−71	−1	−19	−13	−6
Contributions to equity investee	−368,000	0	—	0	0
Proceeds from disposal of property, plant and equipment	8	5	7	11	11
Purchase of marketable securities	−20	0	—	—	—
Net cash (used in) provided by investing activities from continuing operations	−83	4	—	—	—
Net cash provided by (used in) investing activities from discontinued operations	137	−14	—	—	—
Net cash provided by (used in) investing activities	55	−10	−9	−2	6
Payments on financing transaction	0	−47	0	0	—
Principal payments on financing leases and equipment financing notes	−433,000	−469,000	−12	−4	−2
Debt issuance costs	0	−37,000	−4	0	0
Net cash used in financing activities from continuing operations	−433,000	−98	—	—	—
Net cash used in financing activities from discontinued operations	−4	−14	—	—	—
Net cash used in financing activities	−4	−112	−16	−6	8
Effect of foreign exchange rate on cash	109,000	−144,000	—	—	—
Net increase in cash, cash equivalents and restricted cash	32	58	7	7	−5
Cash paid for interest	620,000	6	12	10	5
Cash paid for income taxes, net of refunds received	817,000	1	897,000	106,000	829,000
Interest paid in kind - related parties	0	6	0	0	—
Purchases of property, plant and equipment included in accounts payable and accrued expenses	260,000	231,000	3	5	2
Right-of-use assets obtained for financing lease liabilities	0	150,000	1	3	2

Filings

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