Welcome to our dedicated page for Mammoth Energy Services news (Ticker: $TUSK), a resource for investors and traders seeking the latest updates and insights on Mammoth Energy Services stock.
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Mammoth Energy Services, Inc. reported a total revenue of $43.2 million for Q1 2024, with a net loss of $11.8 million. Adjusted EBITDA was $4.5 million, down from $30.7 million in Q1 2023. The CEO cited softness in activity due to lower energy prices and milder weather. Capex guidance was lowered to $9 million. Despite challenges, Mammoth expects improved activity levels for the remainder of 2024.