Mammoth Energy Services (NASDAQ:TUSK) Issues Earnings Results, Beats Expectations By $0.21 EPS

Mammoth Energy Services (NASDAQ:TUSK) released its quarterly earnings results on Friday. The energy company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.35 million during the quarter, compared to analyst estimates 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 Price Performance

TUSK opened at $3.18 on Friday. Mammoth Energy Services has a 12-month low of $1.72 and a 12-month high of $3.92. The stock has a market capitalization of $153.05 million, a PE ratio of 159.00 and a beta of 1.14. The firm’s fifty day moving average price is $2.95 and its 200 day moving average price is $2.77.

Mammoth Energy Services News Summary

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

• Positive Sentiment: Profitability improved materially. Third-quarter revenue rose 95% year over year to $21.3 million, while net income from continuing operations reached $0.3 million versus a $12.6 million loss a year earlier. Adjusted EBITDA more than doubled sequentially to $5.8 million, and the 27.2% margin was well above the prior quarter’s 10.0%. Mammoth Reports Third Quarter 2026 Operational and Financial Results
• Positive Sentiment: Management raised its 2026 outlook for the third time this year. The company now expects revenue growth of more than 90% and an adjusted EBITDA margin in the mid-teens. Its initial 2027 forecast calls for adjusted EBITDA to increase more than 40% from the expected 2026 level, assuming continued aviation-fleet deployment and operating improvements. Mammoth Reports Third Quarter 2026 Operational and Financial Results
• Positive Sentiment: The aviation platform continued to expand. Mammoth ended the quarter with 44 aviation assets, including aircraft, engines and auxiliary power units, with 29 producing revenue. The company also had $37.6 million in cash and marketable securities and no funded debt before the newly announced facility. Mammoth Reports Third Quarter 2026 Operational and Financial Results
• Neutral Sentiment: A new aviation loan provides growth capital but increases leverage. Aviation subsidiaries secured up to $58 million in senior secured term loans from Bank7 to acquire additional assets. The financing could accelerate expansion, but interest obligations and collateral-backed debt increase financial risk. Mammoth Announces $58 Million Aviation Term Loan Facility
• Negative Sentiment: Revenue significantly missed expectations. Although TUSK reported adjusted earnings of $0.01 per share versus the consensus estimate of a $0.20 loss, quarterly revenue of $21.35 million was far below the $58.10 million analyst expectation. The company also continues to report a negative return on equity, highlighting execution and profitability risks. Mammoth Energy Services Releases Q3 2026 Financial Results

Wall Street Analyst Weigh In

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