Mammoth Energy Lifts 2026 Outlook Again as Q2 Revenue Jumps 110%
TUSK sits 59% above its 52-week low of $1.715.
Summary
Mammoth Energy posted Q2 2026 revenue of $26.1M (+110% YoY) and Adjusted EBITDA of $2.6M, prompting a second full-year guidance raise. The drilling segment turned profitable, and two infrastructure acquisitions were completed.
Key Events · Earnings and Guidance · TUSK
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Q2 Revenue Surges 110% YoY
Revenue hit $26.1 million, fueled by strength in rental services (including aviation) and sand proppant. Notably, the drilling segment generated positive Adjusted EBITDA sooner than expected.
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Full-Year Outlook Raised Again
Management now projects 2026 revenue growth above 90% and an Adjusted EBITDA margin exceeding 10%, marking the second upward revision this year.
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Adjusted EBITDA Improves to $2.6M
Adjusted EBITDA from continuing operations rose 37% sequentially to $2.6 million, with all segments except infrastructure and sand contributing positively.
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Strategic Acquisitions Completed
The acquisitions of Mission Construction and BERE Rentals expand fiber infrastructure capabilities, complementing organic growth in aviation and rental services.
Analysis · TUSK · Energy & Transportation
A second straight quarter of robust results underscores Mammoth Energy's accelerating turnaround. Revenue more than doubled year-over-year to $26.1 million, while Adjusted EBITDA climbed to $2.6 million. For the second time this year, management raised its full-year 2026 forecast, now calling for revenue growth above 90% and Adjusted EBITDA margins exceeding 10%. The drilling segment reached profitability ahead of schedule, and two acquisitions—Mission Construction and BERE Rentals—broaden the company's fiber infrastructure reach. With $67.9 million in cash and marketable securities plus an undrawn credit facility, liquidity is ample to support growth initiatives. The results confirm the recovery narrative that began in Q1 and point to building operational momentum across the diversified energy services platform.
At the time of this filing, TUSK was trading at $2.73 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $141.6M. The 52-week trading range was $1.72 to $3.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.