Mammoth Energy Services (TUSK) Misses Q1 EPS by 1c, Revenues Miss

Mammoth Energy Services (NASDAQ: TUSK) reported Q1 EPS of $0.63, $0.01 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $262.1 million versus the consensus estimate of $296.45 million.

• First Quarter net income of $28 million, or $0.63 per diluted share
• First Quarter Adjusted EBITDA of $83 million
• Trailing twelve months after tax return on invested capital (ROIC) of 29%
• Declared $0.125 dividend for the first quarter of 2019

Arty Straehla, Mammoth's Chief Executive Officer, stated, "The first quarter of 2019 saw improved utilization of our oilfield completions focused businesses as E&P budgets were reset and oil prices experienced a steady increase throughout the quarter. While pressure pumping pricing remains challenged, conversations with customers suggest the possibility for tighter industry conditions for the back half of the year. Demand for Northern White sand is strengthening, with our average pricing up approximately 90% from the lows experienced in fourth quarter of 2018. The movement of our infrastructure equipment from Puerto Rico back to the continental U.S. is progressing and beginning to displace equipment currently being rented, allowing us to deploy additional crews for our Continental U. S. customers."

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

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