Mammoth Energy Services (NASDAQ: TUSK) reported Q2 EPS of $1.34, $0.22 worse than the analyst estimate of $1.56. Revenue for the quarter came in at $533.6 million versus the consensus estimate of $532.91 million.

• Record revenues of $534 million, up 443% Y/Y
• Fully repaid credit facility, resulting in zero long term debt outstanding
• Initiated regular quarterly dividend
• Signed a new one-year $900 million contract with the Puerto Rico Electric Power Authority ("PREPA")
• Extended pressure pumping and sand contracts with Gulfport Energy through 2021
• Closed two acquisitions

Arty Straehla, Mammoth's Chief Executive Officer, stated, "The second quarter marked a milestone for Mammoth as we were able to completely repay our debt, further expand our services through two acquisitions and organically grow our current businesses all with internally generated cash flows. Most importantly, we initiated a regular quarterly dividend to return some cash to our stockholders. As we look to the future, we see significant growth potential in various areas of the industrial space to bring additional balance to our asset base and revenue stream."

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