Mammoth Energy Services falls as Q2 swings to loss

Mammoth Energy Services

11/08/2023 13:33

** Shares of oilfield services firm Mammoth Energy Services
 TUSK.O  down 4.7% at $5.24 premarket
    ** Co made loss in Q2 compared to profit in previous year,
due to lower oil and gas demand impacting frac market
    ** Co's qtrly net loss is $4.5 mln vs profit of $1.7 mln
year earlier
    ** Revenue down 16% at $75.4 mln vs analysts' est. of $86.1
mln - Refinitiv
    ** Up to last close, shares have fallen 36.4% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))