Mammoth Energy Services Inc. has released its financial results, showing significant variations in revenue and net income across recent periods. For the year ended December 31, 2023, the company reported a total revenue of $213.9 million, with services revenue contributing $173.6 million and product revenue adding $39.3 million. This marks a change from the previous year, where total revenue was $262.4 million, comprised of $212.3 million in services revenue and $49.0 million in product revenue. In terms of net income, the company reported a diluted net income per share of $0.13. The weighted average number of shares outstanding on a diluted basis was 47.7 million. The company's focus on adjusting its business model is evident with the reflection of discontinued operations related to its T&D Business. This adjustment is part of the company's strategic realignment. No specific financial outlook or guidance has been provided in the current report.
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