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Mammoth Energy Services (TUSK)
NASDAQ:TUSK
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -24.09%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company celebrated key achievements such as becoming debt-free and receiving significant settlement payments, it faced challenges with declining revenues and a substantial net loss. Investments in infrastructure and strategic opportunities offer future growth potential, but current financial performance remains under pressure.Company Guidance
During the Mammoth Energy Services Q3 2024 earnings call, CEO Arty Straehla and CFO Mark Layton provided detailed guidance on the company's financial and strategic outlook. The company reported a total revenue of $40 million for the quarter, a 22% decrease from Q2, primarily due to softness in natural gas basins impacting their well completion services division. Despite these challenges, Mammoth remains optimistic about demand improvements in 2025. The company is debt-free following the receipt of $168.4 million from the Puerto Rican Electric Power Authority settlement, with plans to invest the remaining funds into business growth, particularly in the infrastructure services division, which contributed $26 million in revenue. This division is witnessing increased bidding activity, especially in T&D and fiber projects. The sand division saw sales of 163,000 tons at $22.89 per ton. With a strong cash position of approximately $86 million, Mammoth aims to pursue strategic investments, including M&A opportunities, to enhance its market positioning. The company also reported a net loss of $23.4 million and adjusted EBITDA of negative $6.4 million for the quarter, with CapEx revised to $23 million for 2024 to support equipment upgrades and growth initiatives.Settlement Agreement with PREPA
Received 2 of the 3 installments totaling $168.4 million, with the final installment of $20 million expected upon confirmation of PREPA's plan of adjustment.
Debt-Free Status
Paid off term credit facility of $50.9 million, resulting in Mammoth Energy being debt-free.
Investment in Infrastructure Business
Plans to grow the infrastructure business through investments in T&D and engineering, capitalizing on immense opportunities.
Cash Position and Strategic Opportunities
Approximately $137.5 million available for business investment and corporate purposes, with an emphasis on strategic acquisitions and capital allocation.
Sand Division Performance
Sand division sold 163,000 tons of sand at an average price of $22.89 per ton, showing improvement from the previous quarter.
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TUSK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TUSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $4.40 | $3.68 | -16.36% |
| Aug 09, 2024 | $3.72 | $3.86 | +3.76% |
| May 02, 2024 | $3.25 | $3.12 | -4.00% |
| Mar 01, 2024 | $3.64 | $3.74 | +2.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mammoth Energy Services (TUSK) report earnings?
Mammoth Energy Services (TUSK) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Mammoth Energy Services (TUSK) earnings time?
Mammoth Energy Services (TUSK) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TUSK EPS forecast?
TUSK EPS forecast for the fiscal quarter 2024 (Q4) is -0.14.
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