Mammoth Energy Services (NASDAQ:TUSK) Issues Earnings Results

Mammoth Energy Services (NASDAQ:TUSK) posted its earnings results on Monday. The energy company reported $0.11 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $22.03 million during the quarter. Mammoth Energy Services had a net margin of 4.46% and a negative return on equity of 23.73%.

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

• Mammoth reported Q1 revenue of $22 million (up 90% YoY, 133% sequential) and adjusted EBITDA of $1.9 million — its first positive EBITDA quarter in eight quarters — and raised 2026 guidance, now expecting full-year adjusted EBITDA positivity and >60% revenue growth.
• The rental segment drove the rebound with rental revenue of $13 million (?294% sequential), driven by aviation utilization and fleet expansion (now just over $90 million deployed), including a recent APU sale at ~20% gross IRR and $25.7 million of post-quarter aviation purchases.
• Strong liquidity and capital returns — Mammoth is debt-free with $125.1 million in cash and marketable securities, has begun opportunistic share repurchases (187k shares for $400k) and retains buyback capacity up to the lesser of $55 million or 10 million shares.
• Material operational work remains — sand and drilling margins are below expectations (sand margins pressured despite volume recovery; drilling hit by front?loaded maintenance costs) and the fiber/infrastructure unit is still resetting and may create an EBITDA overhang in H1 2026.

Mammoth Energy Services Stock Performance

Shares of NASDAQ TUSK traded up $0.69 during mid-day trading on Monday, reaching $3.08. 389,470 shares of the company traded hands, compared to its average volume of 258,602. Mammoth Energy Services has a fifty-two week low of $1.72 and a fifty-two week high of $3.12. The stock has a market cap of $148.70 million, a PE ratio of 34.10 and a beta of 1.08. The company’s fifty day moving average is $2.44 and its two-hundred day moving average is $2.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in Mammoth Energy Services during the third quarter valued at about $32,000. Franklin Resources Inc. bought a new position in shares of Mammoth Energy Services in the third quarter worth about $36,000. Sanctuary Advisors LLC acquired a new position in shares of Mammoth Energy Services during the 1st quarter worth about $41,000. Jane Street Group LLC lifted its position in shares of Mammoth Energy Services by 48.3% during the 2nd quarter. Jane Street Group LLC now owns 17,268 shares of the energy company’s stock worth $48,000 after purchasing an additional 5,621 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Mammoth Energy Services by 45.8% during the 4th quarter. Bank of America Corp DE now owns 22,882 shares of the energy company’s stock valued at $69,000 after purchasing an additional 7,192 shares during the period. Institutional investors own 79.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Mammoth Energy Services

Mammoth Energy Services, Inc, headquartered in Houston, Texas, is a diversified energy services company that primarily provides hydraulic fracturing and complementary well completion and production services to oil and natural gas exploration and production companies across North America. Its core offerings include fracturing, coiled tubing, cementing, wireline, nitrogen pumping, and pressure pumping equipment, supported by proprietary fluid blends and digital monitoring systems. In addition to conventional oilfield services, the company operates a dedicated solar division—Mammoth Solar—that delivers engineering, procurement and construction (EPC) services for utility-scale and commercial solar projects.

Mammoth’s fracturing operations are focused on major shale plays such as the Permian Basin, Eagle Ford, Bakken, Williston Basin, and Rockies regions.