Mammoth Energy Services Strengthens Position with Settlement
Company Announcements

Mammoth Energy Services Strengthens Position with Settlement

Mammoth Energy Services ( (TUSK) ) has shared an announcement.

Cobra Acquisitions LLC, a subsidiary of Mammoth Energy Services, received an $18.4 million payment from the Puerto Rico Electric Power Authority as part of a $188.4 million settlement agreement. This payment marks a significant step in the resolution of Cobra’s financial claims and strengthens Mammoth’s cash position. The company aims to strategically invest these funds to enhance future growth opportunities, maintaining a solid financial standing with no debt.

Learn more about TUSK stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskMammoth Energy Services Announces CEO Succession Plan
TheFlyMammoth Energy CEO Arty Straehla to retire, Phil Lancaster to succeed
TipRanks Auto-Generated NewsdeskMammoth Energy Services Reports Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App