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MAMMOTH ENERGY SERVICES INC . Mammoth Energy Services , Inc. Announces Third Quarter 2021 Operational and Financial Results OKLAHOMA CITY - November 5 , 2021 - Mammoth Energy Services , Inc. ( “ Mammoth ” or the " Company " ) ( NASDAQ : TUSK ) today reported financial and operational results for the third quarter ended September 30 , 2021 . Financial Overview for the Third Quarter 2021 : Total revenue was $ 57.5 million for the third quarter of 2021 , as compared to $ 70.5 million for the same quarter last year and $ 47.4 million for the second quarter of 2021 . Net loss for the third quarter of 2021 was $ 40.9 million , or a $ 0.88 loss per share , as compared to net income of $ 3.4 million , or a $ 0.07 income per share , for the same quarter last year , and a net loss of $ 34.8 million , or a $ 0.75 loss per share , for the second quarter of 2021 . Adjusted EBITDA ( as defined and reconciled below ) was ( $ 29.7 ) million for the third quarter of 2021 , as compared to $ 22.1 million for the same quarter last year and ( $ 5.5 ) million for the second quarter of 2021. During the third quarter of 2021 , Mammoth recognized expense of $ 32.6 million related to its settlement with Gulfport Energy Corporation . Excluding this non - recurring expense , adjusted EBITDA was $ 2.9 million for the third quarter of 2021 . Arty Straehla , Chief Executive Officer of Mammoth commented , " We are pleased with the positive trajectory throughout our business segments during the third quarter compared to the second quarter , which led to higher revenue and an improved bottom line . We are also encouraged by the positive trends in our infrastructure business in the third quarter , including increased storm work relative to the second quarter , a new fiber maintenance and installation contract and increased bidding activity , as well as internal personnel changes that are gaining traction in this segment . Funding for projects in the infrastructure space remains strong with the added opportunity of a new federal infrastructure bill , which we are optimistic will be passed in the near future . While this is a sector impacted by near - term seasonality , we remain focused on improving results as we continue migrating the Company further into the infrastructure space to enhance long - term growth and sustainability . " In our oilfield businesses , improved commodities pricing continues to contribute to positive industry movement and increased equipment utilization as we ramped up a second hydraulic fracturing fleet during the quarter . In our sand business , we continue to see increased market activity . " Straehla continued , “ Lastly , as documented in several recent press releases , we are continuing to pursue numerous avenues in our efforts to collect our receivable from PREPA for work performed by our subsidiary Cobra Acquisitions LLC in Puerto Rico . We believe that published documentation to date continues to show that our team