Mammoth Energy Services Subsidiary Cobra Acquisitions Announces Settlement With Puerto Rico Electric Power Authority; Total Settlement Proceeds Expected To Be ~$188M
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services' subsidiary, Cobra Acquisitions, has announced a settlement with the Puerto Rico Electric Power Authority (PREPA). The total settlement proceeds are expected to be approximately $188 million.
July 22, 2024 | 8:32 pm
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Mammoth Energy Services' subsidiary, Cobra Acquisitions, has reached a settlement with the Puerto Rico Electric Power Authority (PREPA) for approximately $188 million. This settlement is likely to have a positive financial impact on Mammoth Energy Services.
The settlement of $188 million with PREPA is a significant financial event for Mammoth Energy Services. This influx of funds is likely to improve the company's financial position and could positively impact its stock price in the short term.
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