Mammoth Energy Services (NASDAQ:TUSK) Posts Earnings Results

Mammoth Energy Services (NASDAQ:TUSK) issued its earnings results on Friday. The energy company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.21, Zacks reports. Mammoth Energy Services had a net margin of 0.98% and a negative return on equity of 8.10%. The company had revenue of $21.35 million for the quarter, compared to the consensus estimate of $58.10 million.

Here are the key takeaways from Mammoth Energy Services’ conference call:

• Profitability improved sharply: Third-quarter adjusted EBITDA more than doubled sequentially to $5.8 million, while the margin expanded to 27.2% from 10%. Management attributed the gain primarily to higher-margin aviation leasing, improved sand performance, and stronger accommodations occupancy.
• Aviation expansion remains the core growth driver: The fleet grew to 44 assets, with 29 generating lease revenue and deployment increasing to 66% from 61%. Management expects additional assets to come online and views aviation leasing as a source of recurring revenue and operating leverage.
• Guidance was raised: Mammoth now expects full-year 2026 adjusted EBITDA margins in the mid-teens, ahead of its prior timeline, while reaffirming revenue growth of more than 90%. Management also projects 2027 adjusted EBITDA will increase by more than 40% versus 2026.
• New aviation financing supports further growth: The company secured a senior secured term loan facility with commitments of up to $58 million, backed by aviation assets and maturing in October 2030. The financing provides additional capital to expand the fleet while preserving cash for other investments and potential share repurchases.
• Several businesses face near-term seasonal weakness: Management expects fourth-quarter softening in sand, drilling, and accommodations as customer budgets are exhausted and activity slows, while drilling utilization already declined to 32% from 43%. Infrastructure also remained underutilized, with equipment and crew utilization below 50% and a $0.9 million adjusted EBITDA loss.

Mammoth Energy Services Trading Up 9.3%

NASDAQ:TUSK opened at $3.18 on Friday. The stock has a market capitalization of $153.05 million, a P/E ratio of 10.97 and a beta of 1.14. Mammoth Energy Services has a 1 year low of $1.72 and a 1 year high of $3.92. The firm has a 50 day moving average of $2.95 and a 200-day moving average of $2.77.

More Mammoth Energy Services News

Here are the key news stories impacting Mammoth Energy Services this week:

• Positive Sentiment: Profitability improved substantially. Third-quarter net income from continuing operations was $0.3 million, versus a $12.6 million loss a year earlier and a $1.2 million loss in the second quarter. Adjusted EBITDA more than doubled sequentially to $5.8 million, while the margin expanded to 27.2%. Mammoth Reports Third Quarter 2026 Operational and Financial Results
• Positive Sentiment: Management raised its 2026 outlook for the third time. Revenue growth is now expected to exceed 90%, with a full-year Adjusted EBITDA margin in the mid-teens. Mammoth also initially forecast 2027 Adjusted EBITDA growth of more than 40% versus 2026, assuming continued aviation fleet deployment and operating improvements. Mammoth Reports Third Quarter 2026 Operational and Financial Results
• Positive Sentiment: Aviation operations continued to expand. The portfolio grew to 44 assets from 15 a year earlier, with 29 assets producing revenue as of September 30. Rental-services Adjusted EBITDA rose 35% sequentially to $5.0 million, indicating stronger contribution from the company’s growth platform. Mammoth Reports Third Quarter 2026 Operational and Financial Results
• Neutral Sentiment: Mammoth secured up to $58 million in aviation term loans from Bank7 to acquire additional assets. The facility provides capital for expansion, but it is senior secured financing and could increase interest costs and leverage as funds are drawn. $58 Million Aviation Term Loan Facility
• Negative Sentiment: Revenue remained a concern. Third-quarter revenue rose 95% year over year to $21.3 million but was significantly below the approximately $58.1 million analyst consensus, highlighting execution and scale-related uncertainty despite the earnings beat. Q3 2026 Financial Results

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Mammoth Energy Services has a consensus rating of “Sell”.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc (NASDAQ:TUSK) is an energy infrastructure and services company headquartered in Oklahoma City, Oklahoma. The company provides services to electric utilities, oil and gas producers, and other energy-related customers in the United States and Canada.

Its infrastructure services include the construction, maintenance, repair, and restoration of electric transmission and distribution systems, substations, and related facilities. Mammoth also provides engineering, procurement, and construction services, as well as emergency response and storm-recovery work for utility infrastructure.

Historically, the company has also operated businesses supporting oil and gas exploration and production.