Revenue Growth in Q4
Mammoth's total revenue during the fourth quarter of 2024 was $53.2 million, a 33% sequential increase from $40 million in Q3 2024.
Infrastructure Services Division Expansion
The infrastructure services division contributed $27.9 million in revenue for Q4 2024, up slightly from $26 million in Q3. Approximately twenty crews were added in the last ninety days to meet growing demand.
Debt-Free Status and Strong Cash Position
Mammoth remains debt-free with unrestricted cash on hand of $61 million and a total cash position of $82 million, providing a robust liquidity base.
Positive Outlook for 2025
The company expects improved performance in 2025 driven by natural gas demand, LNG export capacity, and strategic investments in infrastructure and pressure pumping.