MAMMOTH ENERGY SERVICES INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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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.
Sep 30, 2024 · Filed Nov 1, 2024
TUSK$3.06-1.6%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)
| ASSETS | September 30, | December 31, |
|---|---|---|
| 2024 | 2023 | |
| CURRENT ASSETS · (in thousands) | ||
| Cash and cash equivalents | $4,165 | $16,556 |
| Restricted cash | 2,000 | 7,742 |
| Accounts receivable, net | 232,032 | 447,202 |
| Inventories | 13,498 | 12,653 |
| Prepaid expenses | 2,912 | 12,181 |
| Other current assets | 581 | 591 |
| Total current assets | 255,188 | 496,925 |
| Property, plant and equipment, net | 109,394 | 113,905 |
| Sand reserves, net | 57,497 | 58,528 |
| Operating lease right-of-use assets | 5,010 | 9,551 |
| Goodwill | 9,214 | 9,214 |
| Deferred income tax asset | — | 1,844 |
| Other non-current assets | 6,675 | 8,512 |
| Total assets | $442,978 | $698,479 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $30,065 | $27,508 |
| Accrued expenses and other current liabilities | 35,433 | 86,713 |
| Accrued expenses and other current liabilities - related parties | — | 1,241 |
| Current operating lease liability | 3,428 | 5,771 |
| Income taxes payable | 44,512 | 61,320 |
| Total current liabilities | 113,438 | 182,553 |
| Long-term debt from related parties, net | 49,009 | 42,809 |
| Deferred income tax liabilities | 2,272 | 628 |
| Long-term operating lease liability | 1,556 | 3,534 |
| Asset retirement obligations | 4,244 | 4,140 |
| Other long-term liabilities | 3,781 | 4,715 |
| Total liabilities | 174,300 | 238,379 |
| COMMITMENTS AND CONTINGENCIES (Note 19) | ||
| EQUITY | ||
| Equity: | ||
| Common stock, $0.01 par value, 200,000,000 shares authorized, 48,127,369 and 47,941,652 issued and outstanding at September 30, 2024 and December 31, 2023 | 481 | 479 |
| Additional paid in capital | 540,213 | 539,558 |
| Accumulated deficit | (268,163) | (76,317) |
| Accumulated other comprehensive loss | (3,853) | (3,620) |
| Total equity | 268,678 | 460,100 |
| Total liabilities and equity | $442,978 | $698,479 |
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