Mammoth Energy Services (NASDAQ:TUSK) Announces Quarterly Earnings Results

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

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 Stock Performance

Shares of NASDAQ:TUSK traded up $0.27 during midday trading on Friday, reaching $3.18. 493,843 shares of the company’s stock traded hands, compared to its average volume of 254,490. The company has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $2.77. Mammoth Energy Services has a 1 year low of $1.72 and a 1 year high of $3.92. The company has a market cap of $153.05 million, a P/E ratio of 159.00 and a beta of 1.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Mammoth Energy Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average 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.