Earnings ·
Mammoth posts Q3 net income of $0.3 million on $21.3 million in revenue and raises full-year outlook
TUSKMammoth Energy Services, Inc.
Mammoth Energy Services reported third-quarter 2026 net income from continuing operations of $0.3 million, or $0.01 per diluted share, a significant turnaround from the $12.6 million loss in the prior year period. Revenue increased 95% year-over-year to $21.3 million, driven by aviation fleet expansion and higher utilization. Adjusted EBITDA more than doubled sequentially to $5.8 million with a margin of 27.2%. The company raised its full-year 2026 outlook for the third time this year, expecting revenue growth exceeding 90% and mid-teens Adjusted EBITDA margins. Additionally, Mammoth announced an initial 2027 outlook anticipating more than 40% Adjusted EBITDA growth. The company also entered into a $58 million senior secured term loan facility to support aviation growth. Mammoth Energy Services operates in the energy services sector with an expanding aviation leasing platform.