Mammoth Energy Services Q1 Earnings Call Highlights

Key Points

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• Mammoth Energy Services posted a crisp first-quarter turnaround, with gross rising to $22 cardinal and adjusted EBITDA from continuing operations turning affirmative astatine $1.9 cardinal for the company’s archetypal profitable EBITDA 4th successful 8 periods.

• The rental and aviation businesses were the main maturation engines, driving the rental segment’s gross up 294% sequentially and helping absorption stress improving utilization and plus returns crossed the fleet.

• Mammoth ended the 4th debt-free with $125.1 cardinal successful currency and securities, started stock buybacks, and raised its 2026 outlook to much than 60% gross maturation with full-year adjusted EBITDA present expected to beryllium positive.

Mammoth Energy Services (NASDAQ:TUSK) reported a crisp rebound successful first-quarter 2026 results, with executives describing the play arsenic an “inflection point” aft respective quarters of portfolio restructuring, outgo reductions and operational fixes.

Chief Financial Officer Mark Layton said first-quarter gross roseate to $22 million, up 90% from a twelvemonth earlier and 133% sequentially. Adjusted EBITDA from continuing operations was affirmative $1.9 million, compared with a nonaccomplishment of $6.8 cardinal successful the 4th fourth of 2025 and a nonaccomplishment of $2.3 cardinal successful the prior-year period. Layton said it was Mammoth’s archetypal affirmative adjusted EBITDA 4th successful 8 quarters.

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Net income from continuing operations was $4.7 million, oregon $0.10 per diluted share, compared with a nett nonaccomplishment of $12.3 million, oregon $0.26 per diluted share, successful the 4th fourth of 2025. In the archetypal 4th of 2025, the institution posted a nett nonaccomplishment from continuing operations of $2.2 million, oregon $0.05 per diluted share.

“The pivot we’ve spent the past respective quarters executing — simplifying the portfolio, redeploying superior into higher-return businesses, and rebuilding the outgo operation to lucifer the size and signifier of the institution we are contiguous — is present showing up successful the numbers,” Layton said.

Rentals and Aviation Drive Growth

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Mammoth’s rental conception was the company’s largest contributor successful the quarter. Segment gross was $13 million, up astir 294% sequentially and 584% year-over-year. Layton said the summation was chiefly driven by a afloat 4th of publication from aviation assets deployed during 2025, a $6.5 cardinal merchantability of an aviation auxiliary powerfulness portion that was not connected lease, and continued spot successful non-aviation rentals.