Mammoth Energy: Improved Liquidity By Partially Monetizing Accounts Receivables [Seeking Alpha]
Mammoth Energy Services, Inc. (TUSK)
Last mammoth energy services, inc. earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations:
ir.mammothenergy.com
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Source: Seeking Alpha
Mammoth will give the next $54.4 million paid by PREPA to the SPCP Group and is receiving $46.3 million in net proceeds. The proceeds help pay off Mammoth's credit facility debt and gives it the ability to weather a period of challenging business results. Demand for Mammoth's pressure pumping fleets is likely to be limited throughout 2024 due to weak natural gas prices. This results in projected cash burn for 2024 equal to Mammoth's 2024 capex budget. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Mammoth Energy Services, Inc. NASDAQ: TUSK ) traded some of its accounts receivables from the Puerto Rico Electric Power Authority [PREPA] to SPCP Group in exchange for upfront cash. This deal gave Mammoth $46.3 million in additional cash, while the SPCP Group receives the next $54.4 million that is paid out by PREPA. If that full $54.4 million isn't paid by PREPA by the end of March 2024, the remaining amount due t
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News
- MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULEPR Newswire
- Mammoth Energy Services Inc (TUSK) Reports Mixed Financial Results Amidst Operational Challenges [Yahoo! Finance]Yahoo! Finance
- Mammoth Energy Services, Inc. Announces PREPA's Payment of $50.6 Million and Reports Fourth Quarter and Full Year 2023 Operational and Financial ResultsPR Newswire
- MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE [Yahoo! Finance]Yahoo! Finance
- MAMMOTH ENERGY SERVICES, INC. ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL SCHEDULEPR Newswire
TUSK
Sec Filings
- 3/14/24 - Form 4
- 3/14/24 - Form 4
- 3/1/24 - Form 10-K
- TUSK's page on the SEC website