Mammoth Energy Services Inc. Reports 2023 Results: Total Revenue at $213.9 Million, Diluted EPS at $0.13

Reuters
2025/06/21
<a href="https://laohu8.com/S/TUSK">Mammoth Energy Services Inc.</a> Reports 2023 Results: Total Revenue at $213.9 Million, Diluted EPS at $0.13

Mammoth Energy Services Inc. has released its financial results, showing significant variations in revenue and net income across recent periods. For the year ended December 31, 2023, the company reported a total revenue of $213.9 million, with services revenue contributing $173.6 million and product revenue adding $39.3 million. This marks a change from the previous year, where total revenue was $262.4 million, comprised of $212.3 million in services revenue and $49.0 million in product revenue. In terms of net income, the company reported a diluted net income per share of $0.13. The weighted average number of shares outstanding on a diluted basis was 47.7 million. The company's focus on adjusting its business model is evident with the reflection of discontinued operations related to its T&D Business. This adjustment is part of the company's strategic realignment. No specific financial outlook or guidance has been provided in the current report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mammoth Energy Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-032406), on June 20, 2025, and is solely responsible for the information contained therein.

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