An update from Mammoth Energy Services ( (TUSK) ) is now available.
Mammoth Energy Services, Inc. reported significant developments in the third quarter of 2024, including a financial rebound expectation in the fourth quarter after resolving a major debt with the Puerto Rico Electric Power Authority. Despite a drop in revenue to $40 million and a net loss of $24 million, the company plans strategic investments in infrastructure and well completion services, aiming to leverage future market demand and enhance shareholder value.
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