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TUSK - Mammoth Energy subsidiary receives $10.75M from Puerto Rico Power Authority
Mammoth Energy Services Inc.
2023-06-15 09:02:32 ET
Mammoth Energy Services ( NASDAQ: TUSK ) has announced the receipt of $10.75M from the Puerto Rico Electric Power Authority for a portion of the work completed in the aftermath of Hurricane Maria.
"We're pleased to have received this payment from PREPA, which represents a portion of what is still owed to us." said Arty Straehla, CEO.
As of June 15, 2023, Mammoth, through Cobra, is still owed ~$387M including $170.8M in interest charges.