MAMMOTH ENERGY SERVICES, INC.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
TUSK$3.27+6.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net income (loss) | $8,311 | $(167,804) |
| Less: Net income (loss) from discontinued operations, net of income taxes | 45,581 | (5,081) |
| Net loss from continuing operations | (37,270) | (162,723) |
| Adjustments to reconcile net loss from continuing operations to net cash (used in) provided by operating activities: | ||
| Stock based compensation | 412 | 391 |
| Depreciation, depletion, amortization and accretion | 4,923 | 6,194 |
| Amortization of debt origination costs | 354 | 620 |
| Change in provision for expected credit losses | (23) | 170,698 |
| Gains on disposal of assets, net | (4,549) | (1,446) |
| Impairment of long-lived assets | 31,669 | — |
| Deferred income taxes | (2,089) | 3,722 |
| Other | 273 | 1,099 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | (934) | 38,319 |
| Inventories | 531 | 859 |
| Prepaid expenses and other assets | 3,307 | 5,998 |
| Accounts payable | (1,977) | (3,575) |
| Accrued expenses and other liabilities | (4,569) | (7,657) |
| Accrued expenses and other liabilities - related parties | — | 3,028 |
| Income taxes payable | 3,440 | (17,692) |
| Net cash (used in) provided by operating activities from continuing operations | (6,502) | 37,835 |
| Net cash (used in) provided by operating activities from discontinued operations | (3,311) | 2,693 |
| Net cash (used in) provided by operating activities | (9,813) | 40,528 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (27,325) | (906) |
| Proceeds from disposal of property, plant and equipment | 4,942 | 3,470 |
| Net cash (used in) provided by investing activities from continuing operations | (22,383) | 2,564 |
| Net cash provided by (used in) investing activities from discontinued operations | 111,249 | (7,086) |
| Net cash provided by (used in) investing activities | 88,866 | (4,522) |
| Cash flows from financing activities: | ||
| Payments on financing transaction | — | (46,837) |
| Principal payments on financing leases and equipment financing notes | (263) | (223) |
| Debt issuance costs | — | (37) |
| Net cash used in financing activities from continuing operations | (263) | (47,097) |
| Net cash used in financing activities from discontinued operations | (3,838) | (2,891) |
| Net cash used in financing activities | (4,101) | (49,988) |
| Effect of foreign exchange rate on cash | 113 | (50) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 75,065 | (14,032) |
| Cash, cash equivalents and restricted cash at beginning of period | 82,326 | 24,298 |
| Cash, cash equivalents and restricted cash at end of period | 157,391 | 10,266 |
| Cash, cash equivalents and restricted cash of discontinued operations at end of period | (88) | (120) |
| Cash, cash equivalents and restricted cash of continuing operations | $157,303 | $10,146 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $389 | $558 |
| Cash paid for income taxes, net of refunds received | $396 | $649 |
| Supplemental disclosure of non-cash transactions: | ||
| Interest paid in kind - related parties | $— | $4,269 |
| Purchases of property, plant and equipment included in accounts payable and accrued expenses | $151 | $170 |
| Right-of-use assets obtained for financing lease liabilities | $27 | $76 |
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