Business Context and Reporting Period
This Form 8-K/A is an amendment filed by Mammoth Energy Services, Inc. on August 2, 2017, regarding an event originally reported on June 9, 2017. The filing provides required audited financial statements, unaudited interim financial statements, and pro forma financial information related to the acquisition of certain oilfield service companies from Gulfport Energy Corporation, Rhino Exploration LLC, and affiliates of Wexford Capital LP.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it lists the exhibits containing these figures:
- Stingray Energy Services LLC: Audited statements for years ended December 31, 2016 and 2015; Unaudited statements for the three months ended March 31, 2017.
- Sturgeon Acquisitions LLC: Audited statements for years ended December 31, 2016 and 2015; Unaudited statements for the three months ended March 31, 2017 and 2016.
- Mammoth Pro Forma: Unaudited pro forma condensed combined financial information as of March 31, 2017, and results of operations for the three months ended March 31, 2017, and the years ended December 31, 2016, 2015, and 2014.
Material Changes
The primary material change is the completion of the acquisition of oilfield service assets. This filing amends the initial report to include the specific financial data required by Item 9.01 of Form 8-K to reflect the financial impact of the acquired entities (Stingray Energy Services and Sturgeon Acquisitions) on Mammoth's financial position.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or contingencies beyond the standard disclosure of the acquisition completion and the inclusion of financial exhibits. The document serves strictly as a vehicle to deliver the required financial statements and pro forma information.
Investor Verification Checklist
- Review Exhibit 99.5 and 99.6 for the pro forma financial impact of the acquisition on Mammoth's historical results.
- Examine Exhibit 99.1 and 99.3 for the audited financial health of the acquired entities (Stingray and Sturgeon) prior to the transaction.
- Verify the unaudited interim results in Exhibits 99.2 and 99.4 for the most recent quarter (ended March 31, 2017) of the acquired assets.
- Confirm the integration timeline and any potential goodwill or intangible asset impairments not detailed in this summary text.