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Oil Gas Equipment Services

Mammoth Energy Services, Inc. provides oil and natural gas related well intervention, completion, and remediation services to the oil and natural gas industry in the United States. It operates through three segments: Well Intervention, Pressure Pumping, and Natural Sand Proppants. The company was founded in 2016 and is headquartered in Houston, Texas.

Here are some key points to note about Mammoth Energy Services, Inc. (ticker symbol MDR):

1. Earnings: In its latest quarterly earnings (Q2 2022), the company reported a net loss of $16.3 million, or $0.35 per diluted share, compared to a net loss of $11.8 million, or $0.25 per diluted share, in the same period last year.

2. Revenue: Revenue for the quarter was $185.8 million, a 12% increase from the same period last year.

3. Growth: The company has been focusing on growing its business through strategic acquisitions and expansion of its services. For example, in 2020, it acquired Stingray Pressure Pumping, LLC, a pressure pumping services company.

4. Services: Mammoth Energy Services provides a range of services to the oil and natural gas industry, including well intervention services, such as plugging and abandonment, pressure pumping services, and natural sand proppants, which are used to enhance the production of oil and natural gas wells.

5. Industry trends: The oilfield services industry is highly cyclical and is affected by factors such as oil and natural gas prices, drilling and production levels, and technological advancements. The recent downturn in the oil and gas industry has had a negative impact on the stock price of oilfield services companies, including Mammoth Energy Services.

It's important to keep in mind that the stock price of Mammoth Energy Services can be affected by a variety of factors, including industry trends, company performance, and overall market conditions. As with any investment decision, it's important to do your own research and consider multiple factors before making an investment decision.