The second upward revision to 2026 guidance (revenue >90% growth, >10% EBITDA margin) alongside improving segment profitability is a clear positive catalyst. Monitor Q3 results for aviation utilization and margin progress. The $67.9M liquidity cushion supports continued investment.
Price Chart
Executive Summary
Mammoth Energy Services reported Q2 2026 revenue of $26.1M (+110% YoY), narrowed net loss from continuing ops to $1.2M ($-0.02/share) vs a $36.5M loss a year ago, and guided FY2026 revenue growth >90% with >10% Adjusted EBITDA margin. The sequential improvement and second upward revision to full-year guidance are significant positives.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $26.1M, +110% YoY from $12.4M
- Net loss from continuing ops improved to $1.2M ($-0.02/diluted share) from $36.5M loss ($-0.76) a year ago
- Adjusted EBITDA $2.6M vs ($3.5M) in Q2 2025
- Full-year 2026 outlook raised for second time: revenue growth expected >90%, Adjusted EBITDA margin >10%
- Rental services (incl. aviation) revenue $10.2M, +229% YoY; Drilling returned to positive Adjusted EBITDA
- Completed acquisitions of Mission Construction and BERE Rentals in fiber infrastructure
- Cash & marketable securities $77.0M at June 30, $67.9M at Aug 4; revolver undrawn with $20M available
- Capital expenditures $44.0M in Q2, primarily for aviation fleet expansion
Financial Impact
Revenue growth of 110% YoY and second FY guidance raise suggest material upside vs prior expectations. Cash burn $10.2M operating in H1; heavy capex ($55.7M) reflects aviation fleet build.
Risk Factors
- Heavy capex ($44M in Q2) may pressure near-term free cash flow
- Continued net loss from continuing ops ($1.2M) despite revenue surge
- Aviation/rental market demand could fluctuate; equipment utilization key
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302845964 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Press Release | $2.71 | awaiting T+20 | — | $2.78 (+2.58%) |
Aug 7, 2026 11w ago | 8-K | $3.39 $3.12 | ▼ −7.96% | ▼ −7.57% | $2.78 (−17.99%) |
Aug 7, 2026 11w ago | Press Release | $3.39 $3.12 | ▼ −7.96% | ▼ −7.57% | $2.78 (−17.99%) |
Jun 11, 2026 19w ago | Institutional Cluster | $3.19 $2.88 | ▼ −9.72% | ▼ −11.61% | $2.78 (−12.85%) |
May 15, 2026 23w ago | DEFA14A | $3.19 $3.10 | ▼ −2.82% | ▼ −4.40% | $2.78 (−12.85%) |
May 15, 2026 23w ago | 8-K | $3.20 $3.09 | ▼ −3.44% | ▼ −5.56% | $2.78 (−13.13%) |
May 11, 2026 24w ago | 8-K | $2.91 $3.34 | ▲ +14.78% | ▲ +15.08% | $2.78 (−4.47%) |
US Market Status
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