Earnings summaries and quarterly performance for MAMMOTH ENERGY SERVICES.
Executive leadership at MAMMOTH ENERGY SERVICES.
Board of directors at MAMMOTH ENERGY SERVICES.
Research analysts who have asked questions during MAMMOTH ENERGY SERVICES earnings calls.
Recent press releases and 8-K filings for TUSK.
Mammoth Energy Services Announces Sale of Engineering Business
TUSK
M&A
New Projects/Investments
- Mammoth Energy Services, Inc. completed the sale of its wholly-owned subsidiary, Aquawolf LLC (Engineering Business), to Qualus, LLC for an aggregate sales price of $30.0 million on December 2, 2025.
- At closing, Mammoth Energy Partners LLC received $23.5 million in cash proceeds, with an additional $2.5 million placed into escrow.
- The Engineering Business, which generated $12.0 million in revenue and $1.3 million in net income for the nine months ended September 30, 2025, will be reported as discontinued operations starting in the Annual Report on Form 10-K for the annual period ending December 31, 2025.
- Mammoth's Chief Financial Officer, Mark Layton, stated that this transaction is a "strong outcome" and reinforces the belief that the Company's underlying value is significantly disconnected from its current share price.
Dec 4, 2025, 9:08 PM
Mammoth Energy Services Reports Q3 2025 Financial Results
TUSK
Earnings
New Projects/Investments
Guidance Update
- Mammoth Energy Services reported Q3 2025 revenue of $14.8 million, down from $16.4 million in the second quarter, and a net loss from continuing operations of $12.1 million, or $0.25 per diluted share.
- The company continued its transformation plan, including the divestiture of Piranha division assets and year-to-date investments of approximately $40 million in its aviation portfolio within the rentals segment.
- The drilling segment was a standout, with revenue increasing 207% sequentially to $2.3 million and achieving a record gross margin of 19%. The sand segment's revenue declined significantly but is expected to return to positive gross margin in 2026.
- Mammoth Energy Services maintains a debt-free balance sheet with $110.9 million in unrestricted cash and total liquidity of approximately $153.4 million at quarter end. Subsequent to quarter end, $19.8 million in restricted cash was released, boosting pro forma liquidity to over $170 million.
- The company anticipates improved cash generation and margin recovery in 2026 as transformation initiatives, including a significant reduction in SG&A run rate from $35 million in 2024 to around $21 million exiting Q3 2025, take hold.
Oct 31, 2025, 3:00 PM
Mammoth Energy Services Reports Q3 2025 Results and Strategic Progress
TUSK
Earnings
M&A
New Projects/Investments
- Mammoth Energy Services reported Q3 2025 revenue of $14.8 million and a net loss from continuing operations of $12.1 million, or $0.25 per diluted share, while generating positive free cash flow from operations.
- The drilling segment was a standout, with revenue increasing 207% sequentially to $2.3 million and achieving a record gross margin of 19%. Conversely, sand segment revenue declined 49% sequentially to $2.7 million due to the Piranha division divestiture and weather-related disruptions, with management viewing Q3 as a reset point for expected positive gross margin in 2026.
- The company continued its transformation, divesting the Piranha division assets and investing approximately $40 million year-to-date to grow and diversify its aviation portfolio within the rentals segment.
- Mammoth Energy Services maintained a strong balance sheet, being debt-free with $110.9 million in unrestricted cash, cash equivalents, and marketable securities at quarter end. Subsequent to the quarter, $19.8 million of restricted cash was released, increasing pro forma total liquidity to over $170 million.
Oct 31, 2025, 3:00 PM
Mammoth Energy Services, Inc. Announces Third Quarter 2025 Financial Results
TUSK
Earnings
New Projects/Investments
Demand Weakening
- Mammoth Energy Services, Inc. reported total revenue from continuing operations of $14.8 million for the third quarter of 2025, alongside a net loss from continuing operations of $12.1 million (or $0.25 per diluted share) and an Adjusted EBITDA of ($4.4) million.
- As of September 30, 2025, the company maintained a strong liquidity position with $98.2 million in unrestricted cash and cash equivalents, $12.7 million in marketable securities, and no debt, resulting in total liquidity of $153.4 million.
- During the third quarter of 2025, Mammoth completed the divestiture of its Piranha assets within the Sand segment and continued to deploy capital in its aviation platform.
- Capital expenditures from continuing operations totaled $17.299 million for the third quarter of 2025.
Oct 31, 2025, 12:17 PM
Mammoth Energy Services completes divestitures of hydraulic fracturing and T&D businesses
TUSK
M&A
Accounting Changes
- On June 16, 2025, Mammoth’s subsidiaries sold all hydraulic fracturing equipment (Well Completion segment) to MGB Manufacturing, LLC for $15.0 million, and on April 11, 2025, Lion Power Services LLC sold its T&D Business (5 Star Electric, Higher Power, Python) to Peak Utility Services Group, Inc.
- The sales are reported as discontinued operations in the upcoming Form 10-Q for Q2 2025; pro forma financial statements assume both transactions occurred January 1, 2022, showing $98.4 million cash proceeds from the T&D sale and $15.0 million from the hydraulic fracturing sale
- Mammoth expects to record a $7.7 million to $9.2 million goodwill impairment for the hydraulic fracturing business in Q2 2025
Jun 20, 2025, 12:00 AM
Mammoth Energy Announces Key Management and Board Changes
TUSK
CEO Change
Board Change
Management Change
- CEO transition: Phil Lancaster resigns as CEO effective June 30, 2025, becomes a non-voting board observer, while Bernard Lancaster is named Chief Operating Officer effective July 1, 2025.
- New executive role: Paul Jacobi is appointed as Chief Business Officer effective July 1, 2025, transitioning from his role as an independent director.
- Board update: Director Arthur Smith will retire and not stand for re-election, and Mark L. Plaumann is appointed to the Board and committees effective June 11, 2025.
- Compensation framework: Newly appointed non-employee directors will receive annual retainers and meeting fees, with additional payments for audit committee roles.
Jun 5, 2025, 12:00 AM
Mammoth Energy Services Inc Q1 2025: Strong Financial Performance & Strategic Moves
TUSK
M&A
Revenue Acceleration/Inflection
Management Change
Earnings
- Robust Q1 Performance: Revenue reached $62.5 million with revenue up 17% sequentially, Adjusted EBITDA up 157% to $2.7 million, and net loss improved 97% to $0.5 million .
- Strategic Transactions: Sold three infrastructure subsidiaries for $108.7 million and purchased 8 aircraft for approximately $11.5 million, enhancing operational flexibility .
- Strong Liquidity Position: Total cash and liquidity exceeded $200 million, achieving $202.9 million as of May 2, 2025 .
- Operational & Segment Highlights: Revenue contributions from Infrastructure ($30.7M, 33.5%), Well Completions ($20.9M, 49.2%), Natural Sand Proppant ($6.7M, 10.8%), and Other Services ($5.9M, 9.4%); natural sand proppant tons sold rose to 189K from Q4 2024 .
- Management Update: The CEO announced his transition out of his role following the subsidiary sale, with a search for a successor underway .
- Financial Strength: The company remains debt-free, laying a solid foundation for future growth .
May 7, 2025, 3:01 PM
Mammoth Energy Services Announces Sale of Infrastructure Subsidiaries
TUSK
M&A
New Projects/Investments
- Sold infrastructure subsidiaries: Its subsidiary, Lion Power Services LLC, sold its fully-owned subsidiaries—5 Star Electric, Higher Power Electrical, and Python Equipment—for an aggregate sales price of approximately $108.7 million, with $98.3 million received in cash and $10.4 million deposited into escrow for post-closing adjustments.
- Enhanced liquidity position: The transaction contributes to a strong balance sheet with approximately $160 million in cash, positioning the company for further capital deployment opportunities.
- Strategic asset acquisition: The company also purchased eight small passenger aircraft under lease for about $11.5 million, expanding its operational capabilities.
Apr 17, 2025, 12:00 AM
Mammoth Energy Services Inc Announces Sale of Infrastructure Subsidiaries
TUSK
M&A
New Projects/Investments
Share Buyback
- Mammoth Energy Services Inc sold its infrastructure subsidiaries (5 Star, Higher Power Electrical, and Python Equipment LLC) for an aggregate price of $108.7 million, receiving $98.3 million in cash and depositing $10.4 million into escrow for adjustments.
- The company now holds approximately $160 million in cash and is actively exploring deployment opportunities for its capital.
- An amendment to the revolver with Fifth Third Bank now permits up to $50 million or 10 million share repurchases (subject to cash thresholds) along with expanded investment opportunities, enhancing its liquidity.
Apr 14, 2025, 11:00 AM
Quarterly earnings call transcripts for MAMMOTH ENERGY SERVICES.
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