Mammoth Energy Services (TUSK) Tops Q4 EPS by 6c, Revenues Miss

Mammoth Energy Services (NASDAQ: TUSK) reported Q4 EPS of ($0.58), $0.06 better than the analyst estimate of ($0.64). Revenue for the quarter came in at $67.6 million versus the consensus estimate of $119.8 million.

Arty Straehla, Mammoth's Chief Executive Officer, stated, “The hiring of a new president for our infrastructure division in November 2019 has stabilized operations, attracted experienced industry leaders to key management positions and improved the performance of the business. With this management team in place, we are confident we can grow our infrastructure business given that demand for the services we offer outstrips supply. Market fundamentals are challenging for our oil field businesses. Although we believe the reported retirement of equipment across the industry is beginning to help the market, pricing and utilization for our oil field businesses remain depressed. The conversion of our pressure pumping fleets to dynamic gas blending (“DGB”) capabilities is progressing, and all three of our staffed fleets are operating.”

For earnings history and earnings-related data on Mammoth Energy Services (TUSK) click here.

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