MAMMOTH ENERGY SERVICES Reports USD 75.4 Million in Total Revenue and USD -4.5 Million in Net Income for Q2 FY2023
August 13, 2023
☀️Earnings Overview
For the second quarter ending on June 30 2023, MAMMOTH ENERGY SERVICES ($NASDAQ:TUSK) reported total revenue of USD 75.4 million and a net income of USD -4.5 million, a 15.9% decrease from the same period one year prior on August 11 2023, when their net income was USD 1.7 million.
Share Price
MAMMOTH ENERGY SERVICES, a publicly traded company, recently reported their financial results for the second quarter of FY2023. According to the report, the company generated a total revenue of USD 75.4 million during this period and had a net income of -4.5 million dollars. The results were not well received by the investors as the stock opened at $5.2 on Friday and closed at $5.4, down by 1.5% from the previous closing price of 5.5. The company cited lower demand for services due to the pandemic, leading to lower profit margins.
Additionally, MAMMOTH had an increase in costs associated with operations, which further weighed on the net income. Moving forward, the company has identified strategies to generate higher revenue and intends to focus on expanding its service offerings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TUSK. More…
| Total Revenues | Net Income | Net Margin |
| 401.86 | 16.38 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TUSK. More…
| Operations | Investing | Financing |
| 48.51 | -15.34 | -36.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TUSK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 692.76 | 226.05 | 9.78 |
Key Ratios Snapshot
Some of the financial key ratios for TUSK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.9% | 61.8% | 10.2% |
| FCF Margin | ROE | ROA |
| 7.3% | 5.5% | 3.7% |
Analysis
At GoodWhale, we have conducted a detailed analysis of MAMMOTH ENERGY SERVICES to determine the level of risk associated with investing in the company. After a thorough review of the fundamentals, we have determined that MAMMOTH ENERGY SERVICES is a medium risk investment from both a financial and business perspective. Upon further investigation, we have detected two risk warnings in the company’s income and balance sheet. If you would like to find out more about our assessment of MAMMOTH ENERGY SERVICES’ risk profile, please register on our website at goodwhale.com. More…
Peers
Mammoth Energy Services Inc is a company that provides oil and gas services. Its competitors are ENN Natural Gas Co Ltd, MDU Resources Group Inc, and Innovest Global Inc. These companies compete against each other to provide the best services to their customers.
– ENN Natural Gas Co Ltd ($SHSE:600803)
The company’s market cap is 54.47B, and its ROE is 56.96%. The company is one of the leading gas companies in China and has a wide range of businesses, including gas exploration, production, storage, transmission and distribution, as well as power generation and chemicals.
– MDU Resources Group Inc ($NYSE:MDU)
MDU Resources Group Inc is a diversified natural resource company engaged in the exploration and production of oil and gas, the mining of coal and other minerals, and the development and construction of electric transmission lines. As of 2022, the company had a market cap of 5.88 billion and a return on equity of 9.39%. The company’s operations are primarily located in the United States, with a focus on the Bakken formation in North Dakota and the Powder River Basin in Wyoming. MDU Resources is also involved in the development of electric transmission lines in the western United States.
– Innovest Global Inc ($OTCPK:IVST)
Innovest Global Inc is a holding company that focuses on identifying and investing in industrial technology, healthcare, and media companies. As of 2022, the company has a market cap of 3.19M and a ROE of 1.11%. The company has a diversified portfolio of investments in various industries and sectors.
Summary
MAMMOTH ENERGY SERVICES reported total revenue of USD 75.4 million and net income of USD -4.5 million for the second quarter ending June 30 2023, representing a 15.9% decline year-on-year compared to 1.7 million in FY2023 Q2 of August 11 2023. Investors may want to review the company’s financial performance, as well as its business strategy, market position, and competitive landscape prior to making any investment decision. It is important to note that any negative news or changes in industry conditions could adversely affect MAMMOTH ENERGY SERVICES’s financial performance and stock price, and therefore investors should consider these risks when evaluating investment opportunities.
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