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Mammoth Energy Announces that its Cobra Subsidiary has Entered into a Contract to Aid in the Rebuilding of Puerto Rico’s Energy Infrastructure

MAMMOTH ENERGY SERVICES (TUSK)  More Company Research Source: GlobeNewswire
Last mammoth energy services earnings: 5/2 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mammothenergy.com
PDF OKLAHOMA CITY, Oct. 19, 2017 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (“Mammoth”) (NASDAQ:TUSK) today announced that its wholly owned subsidiary, Cobra Acquisitions LLC, has signed a contract to aid in the restoration of utility infrastructure on the island of Puerto Rico. Cobra, a utility infrastructure business focused on the repair and construction of transmission and distribution (T&D) networks, will perform the work. The contract will commence immediately and is expected to generate revenue of up to $200 million over the initial 120 days.  Arty Straehla, Mammoth's Chief Executive Officer, stated, “We are honored to be chosen to help restore the electric utility infrastructure for the residents of Puerto Rico. After witnessing the destruction from Hurricane Maria first hand last weekend, where 85% of Puerto Rico’s residents are currently living without electricity, we intend to work quickly both to help rebuild the electric grid and to help restore normalcy to people’s [Read more]

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