Mammoth Energy Services (TUSK) Misses Q3 EPS by 40c, Revenues Miss

Mammoth Energy Services (NASDAQ: TUSK) reported Q3 EPS of ($0.79), $0.40 worse than the analyst estimate of ($0.39). Revenue for the quarter came in at $113.4 million versus the consensus estimate of $155.52 million.

Arty Straehla, Mammoth's Chief Executive Officer, stated, “Given the current state of the oilfield services market, we continue to look for investment opportunities in the industrial sector that enhance our current service offerings and further diversify our cash flow. With that objective in mind, during the third quarter we started two new businesses organically, engineering services and equipment manufacturing. The startup of a manufacturing business will enable us to repair our existing equipment in-house as well as manufacture equipment used across our businesses.”

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

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