What Fueled Mammoth Energy's 8% After-Hours Surge?

Benzinga_recent_news12-03

Mammoth Energy Services Inc. (NASDAQ:TUSK) shares surged 7.65% in after-hours trading on Tuesday, climbing to $1.9 after the company announced a $30 million asset sale. Check out the current price of ...

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(NASDAQ:TUSK) shares surged 7.65% in after-hours trading on Tuesday, climbing to $1.9 after the company announced a $30 million asset sale.\nCheck out the current price of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/12/49178215/what-fueled-mammoth-energys-8-after-hours-surge\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Fueled Mammoth Energy's 8% After-Hours Surge?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Fueled Mammoth Energy's 8% After-Hours Surge?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-03 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/25/12/49178215/what-fueled-mammoth-energys-8-after-hours-surge><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mammoth Energy Services Inc. (NASDAQ:TUSK) shares surged 7.65% in after-hours trading on Tuesday, climbing to $1.9 after the company announced a $30 million asset sale.\nCheck out the current price of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/12/49178215/what-fueled-mammoth-energys-8-after-hours-surge\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TUSK","symbol_name":"Mammoth Energy Services Inc.","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/25/12/49178215/what-fueled-mammoth-energys-8-after-hours-surge","article_id":"2588077019","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/03/Markets-Show-Mixed.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/25/12/49178215/what-fueled-mammoth-energys-8-after-hours-surge","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2588077019","pubTimestamp":1764750540,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Mammoth Energy Services jumped 13.31% in after-hours trading Tuesday after announcing a $30 million sale of its Aquawolf LLC subsidiary.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TUSK":"Mammoth Energy Services Inc.","KXIN":"开心控股","BK4214":"汽车零售","BK4179":"石油天然气设备与服务"},"translate_title":"是什么推动了Mammoth Energy盘后8%的飙升？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TUSK":1,"KXIN":1},"content_text":"Mammoth Energy Services Inc. (NASDAQ:TUSK) shares surged 7.65% in after-hours trading on Tuesday, climbing to $1.9 after the company announced a $30 million asset sale.\nCheck out the current price of TUSK stock here.\nThe stock closed Tuesday's regular session at $1.76, down 0.84%, according to Benzinga Pro data.\nThe Oklahoma City–based energy services company completed the sale of all equity interests in its Aquawolf LLC subsidiary to Qualus LLC for $30 million, according to a Tuesday press release.\nMammoth Energy Partners LLC received $23.5 million in cash at closing, with another $2.5 million placed in escrow for at least 90 days to cover post-closing adjustments and indemnified liabilities through Dec. 2026.\nSee Also: Why Did Kaixin Holdings (KXIN) Jump Over 21% After Hours?\nThrough September, the subsidiary recorded $12.0 million in revenue and $1.3 million in net income.\nChief Financial Officer Mark Layton emphasized the transaction’s strategic importance, stating the company “entered the Engineering business in 2018 with one manager and a small initial investment, and over time built it into a team generating $17.3 million of revenue in 2024.” \nLayton noted the sale “reinforces our belief that the underlying value across Mammoth is significantly disconnected from the current share price.”\nFifth Third Bank, National Association, consented to the transaction and released associated collateral through a consent and release agreement. \nAccording to the company, its borrowing base remains unchanged.\nTUSK shares are down 40.77% year to date.\nMammoth Energy Services has a market capitalization of $85.06 million and a 52-week trading range of $1.68 to $3.52.\nBenzinga Edge Stock Rankings indicate that TUSK stock has a negative price trend across all time frames. Analyze the performance of other companies in this market segment.\nRead Next:\nPhoto courtesy: Shutterstock\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588077019","isCrawlerRequest":true}