The sharp revenue growth and swing to profitability validate the portfolio repositioning strategy. Watch for continued execution on aviation expansion and margin improvement.
Price Chart
Executive Summary
Mammoth Energy Services reported Q1 2026 revenue of $22.0M (+89% YoY) and net income of $4.7M ($0.10/share) vs a loss of $2.2M in Q1 2025. The company also generated positive Adjusted EBITDA of $1.9M and raised its 2026 outlook, now expecting full-year Adjusted EBITDA to be positive. The strong operational turnaround and guidance raise are material positives for the $116M market cap company.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $22.0M vs $11.6M YoY (+89%)
- Net income from continuing ops $4.7M vs ($2.2M) loss YoY
- EPS $0.10 vs ($0.05) loss YoY
- Adjusted EBITDA $1.9M vs ($2.3M) loss YoY
- Raising 2026 outlook to reach full-year Adjusted EBITDA positive
- Debt-free with $125.1M of cash, equivalents, and marketable securities at quarter end
- Began executing on share repurchase program during the quarter
Financial Impact
Revenue doubled YoY, net income swung from -$2.2M to +$4.7M, and guidance was raised to positive EBITDA for full year 2026.
Risk Factors
- Revenue concentration in aviation rental sales (one-time APU sale of $6.5M)
- Infrastructure and sand proppant segments still declining
- Operating cash flow negative at ($2.75M) despite GAAP profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-033142 |
| Document: tusk-20260511.htm | 0001628280-26-033142 |
| Document: 0001628280-26-033142-index-headers.html | 0001628280-26-033142 |
| Document: 0001628280-26-033142-index.html | 0001628280-26-033142 |
| Document: 0001628280-26-033142.txt | 0001628280-26-033142 |
| 8-K Data (Synthetic) | 0001628280-26-033142 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Press Release | $2.71 | awaiting T+20 | — | $2.83 (+4.24%) |
Aug 7, 2026 11w ago | 8-K | $3.39 $3.12 | ▼ −7.96% | ▼ −7.57% | $2.83 (−16.67%) |
Aug 7, 2026 11w ago | Press Release | $3.39 $3.12 | ▼ −7.96% | ▼ −7.57% | $2.83 (−16.67%) |
Jun 11, 2026 19w ago | Institutional Cluster | $3.19 $2.88 | ▼ −9.72% | ▼ −11.61% | $2.83 (−11.44%) |
May 15, 2026 23w ago | DEFA14A | $3.19 $3.10 | ▼ −2.82% | ▼ −4.40% | $2.83 (−11.44%) |
May 15, 2026 23w ago | 8-K | $3.20 $3.09 | ▼ −3.44% | ▼ −5.56% | $2.83 (−11.72%) |
May 11, 2026 24w ago | 8-K | $2.91 $3.34 | ▲ +14.78% | ▲ +15.08% | $2.83 (−2.92%) |
US Market Status
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