Mammoth Announces Third-Quarter 2025 Conference Call
Conference Call Announcement: Mammoth Energy Services will host a conference call on October 31, 2025, at 11:00 a.m. ET to discuss its third-quarter results for the period ending September 30, 2025.
Access Information: The call will be webcast live on the company's website, with a telephonic option available. A replay will be accessible until November 7, 2025, and questions for management can be submitted in advance via email.
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ProPetro Holding and Mammoth Energy Shares Surge by 9.2% and 8.1% Respectively
- Oil & Gas Equipment Strength: Oil and gas equipment and services stocks rose approximately 1.7% as a group, indicating relative strength in the sector and reflecting market optimism regarding energy demand.
- ProPetro Surge: ProPetro Holding's shares increased by about 9.2%, suggesting heightened investor confidence in its future performance, likely benefiting from rising oil prices and increasing market demand.
- Mammoth Energy Rise: Mammoth Energy Services saw its stock price rise by approximately 8.1%, indicating a positive market outlook on its business prospects, potentially linked to the overall recovery trend in the industry.
- Sector Trend Analysis: The leadership of oil and gas exploration and production, along with oil and gas equipment and services, suggests that investors are optimistic about the recovery of the energy sector, which may attract more capital inflows into this area.
What Caused Mammoth Energy's 8% Increase in After-Hours Trading?
Stock Surge: Mammoth Energy Services Inc. (TUSK) shares rose 7.65% in after-hours trading to $1.90 following the announcement of a $30 million asset sale, despite a 0.84% decline during regular trading hours.
Asset Sale Details: The company completed the sale of its Aquawolf LLC subsidiary to Qualus LLC for $30 million, receiving $23.5 million in cash at closing, with additional funds held in escrow for potential liabilities.
Management Insights: CFO Mark Layton highlighted the strategic importance of the sale, noting the growth of the Engineering business since 2018 and expressing confidence that the company's value is not reflected in its current share price.
Market Performance: TUSK shares have decreased by 40.77% year-to-date, with a market capitalization of $85.06 million and a 52-week trading range between $1.68 and $3.52.
