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On June 11, 2025, Oklahoma City-based Mammoth Energy Services (NASDAQ:TUSK), Inc. (market capitalization: $134 million) conducted its Annual Meeting of Stockholders, where several key proposals were voted upon. According to InvestingPro analysis, the company maintains a "GOOD" financial health score despite recent profitability challenges, with its stock showing strong returns over the past three months. The shareholders elected Arthur Amron, Corey Booker, Paul Jacobi, and James Palm to continue serving on the company’s board of directors until the 2026 Annual Meeting. The exact vote counts for each nominee included a significant number of votes for and a relatively small number of votes against, with a notable amount of abstentions and non-votes. Currently trading at $2.80, InvestingPro’s Fair Value analysis suggests the stock may be undervalued. Discover more insights with InvestingPro’s comprehensive Research Report, available for Mammoth Energy and 1,400+ other US stocks.
Additionally, the shareholders approved, on an advisory basis, the compensation of the company’s named executive officers. The vote for this proposal showed strong support with over 34 million votes in favor, compared to around 425,000 against and 163,000 abstentions. The company’s stockholders also voted in favor of holding future advisory votes on executive compensation annually.
Furthermore, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by the shareholders with an overwhelming majority.
The detailed breakdown of the votes for each proposal was included in Mammoth Energy Services’ definitive proxy statement filed with the SEC on April 28, 2025. The results of the voting reflect the shareholders’ support for the current board’s strategy and management’s compensation. The information reported is based on the company’s recent SEC filing.
In other recent news, Mammoth Energy Services reported its first-quarter 2025 financial results, surpassing expectations with an earnings per share (EPS) of -$0.01 against the forecasted -$0.09. The company also reported a revenue of $62.5 million, significantly exceeding the anticipated $38.2 million. This performance reflects a 17% sequential increase in revenue, highlighting improved operational efficiency and strategic focus. Despite the positive earnings surprise, the company’s stock price fell, suggesting investor concerns over broader market conditions. Mammoth Energy Services maintains a strong liquidity position with $135.4 million in unrestricted cash and a debt-free balance sheet. The company is actively pursuing strategic opportunities, including expanding its equipment rentals segment and converting its pressure pumping fleet to Tier 4 standards. Additionally, Mammoth completed two significant transactions in April, purchasing eight small passenger aircraft and selling three infrastructure subsidiaries. These transactions are part of the company’s ongoing strategy to unlock shareholder value and enhance its financial results.
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