Mammoth Energy Services, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Dividends and Earnings (Loss) Per Share

Dividends and Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2021

Dividends

On July 16, 2018, the Company initiated a quarterly dividend policy. As a result of oilfield market conditions and other factors, which include collections from PREPA, the Company’s Board of Directors suspended the quarterly cash dividend in the third quarter of 2019. The table below summarizes the dividends paid on the Company’s common stock.


	Per Share		Total
			(in thousands)
2019
Paid on February 14, 2019	$	0.125	$	5,609
Paid on May 17, 2019	0.125		5,610
Total cash dividends	$	0.25	$	11,219

Earnings (Loss) Per Share


	Year Ended December 31,
	2021		2020		2019
	(in thousands, except per share data)
Basic loss per share:
Allocation of earnings:
Net loss	$	(101,430)	$	(107,607)	$	(79,044)
Weighted average common shares outstanding	46,428		45,644		45,011
Basic loss per share	$	(2.18)	$	(2.36)	$	(1.76)

Diluted loss per share:
Allocation of earnings:
Net loss	$	(101,430)	$	(107,607)	$	(79,044)
Weighted average common shares, including dilutive effect (a)	46,428		45,644		45,011
Diluted loss per share	$	(2.18)	$	(2.36)	$	(1.76)

a. No incremental shares of potentially dilutive restricted stock awards were included for the years ended December 31, 2021, 2020, or 2019 as their effect was antidilutive under the treasury stock method.