MAMMOTH ENERGY SERVICES INC
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
TUSK$3.06-1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Loss
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| REVENUE · (in thousands, except per share amounts) | |||
| Services revenue | $167,358 | $269,227 | $311,968 |
| Services revenue - related parties | 1,548 | 980 | 1,133 |
| Product revenue | 19,026 | 39,285 | 48,985 |
| Total revenue | 187,932 | 309,492 | 362,086 |
| COST AND EXPENSES | |||
| Services cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $19,848, $37,356 and $55,564, respectively, for 2024, 2023, and 2022) | 151,474 | 219,876 | 241,323 |
| Services cost of revenue - related parties (exclusive of depreciation, depletion, amortization and accretion of $0, $0 and $0, respectively, for 2024, 2023, and 2022) | 366 | 475 | 541 |
| Product cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $5,228, $7,734 and $8,707, respectively, for 2024, 2023, and 2022) | 18,911 | 27,489 | 36,723 |
| Selling, general and administrative (Note 13) | 124,821 | 37,458 | 39,554 |
| Depreciation, depletion, amortization and accretion | 25,079 | 45,110 | 64,271 |
| Gains on disposal of assets, net | (4,014) | (6,041) | (3,908) |
| Impairment of goodwill | — | 1,810 | — |
| Total cost and expenses | 316,637 | 326,177 | 378,504 |
| Operating loss | (128,705) | (16,685) | (16,418) |
| OTHER INCOME (EXPENSE) | |||
| Interest expense and financing charges, net | (20,497) | (14,955) | (11,506) |
| Interest expense and financing charges, net - related parties | (4,707) | (1,241) | — |
| Other (expense) income, net | (64,621) | 42,015 | 40,912 |
| Total other income (expense) | (89,825) | 25,819 | 29,406 |
| Income (loss) before income taxes | (218,530) | 9,134 | 12,988 |
| Provision (benefit) for income taxes | (11,204) | 12,297 | 13,607 |
| Net loss | $(207,326) | $(3,163) | $(619) |
| OTHER COMPREHENSIVE LOSS | |||
| Foreign currency translation adjustment, net of tax of $0, $0 and $0, respectively, for 2024, 2023, and 2022 | (831) | 221 | (910) |
| Comprehensive loss | $(208,157) | $(2,942) | $(1,529) |
| Net loss per share (basic and diluted) (Note 16) | $(4.31) | $(0.07) | $(0.01) |
| Weighted average number of shares outstanding, basic and diluted (Note 16) | 48,065 | 47,777 | 47,175 |
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