Mammoth Energy Q2 Revenue Surges 110% to $26.1M, Swings to Operating Profit
TUSK sits 98% above its 52-week low of $1.715.
Summary
Mammoth Energy's Q2 revenue jumped 110% to $26.1M, swinging to an operating profit of $2.6M. The company also announced a new credit facility, two acquisitions, and $47.4M in post-quarter capital commitments.
Key Events · Earnings and Guidance · TUSK
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Revenue More Than Doubles
Q2 2026 revenue reached $26.1 million, up 110% from $12.4 million in Q2 2025, driven by aviation fleet expansion, higher drilling utilization, and increased accommodation occupancy.
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Swings to Operating Profit
Operating income was $2.6 million compared to a $37.1 million loss a year ago, which included a $31.7 million impairment charge. Adjusted EBITDA improved to $2.6 million from a loss of $3.5 million.
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New Credit Facility Secured
Entered into a new $25 million revolving credit facility with Fifth Third Bank, replacing the prior facility. The new facility is undrawn and provides $20 million of borrowing capacity after letters of credit.
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Fiber Optic Acquisitions
Acquired Mission Construction and BERE Rentals for $6.5 million in cash, expanding fiber optic services in the Midwest. The acquisitions added $1.5 million in goodwill and $1.6 million in intangible assets.
Analysis · TUSK · Energy & Transportation
A sharp operational turnaround defined Mammoth Energy's Q2 2026, as revenue more than doubled year-over-year to $26.1 million and operating income swung from a $37.1 million loss to a $2.6 million profit. The broad-based improvement reflected higher utilization across aviation, drilling, and accommodation services, along with the absence of the prior year's $31.7 million impairment charge. In a further show of momentum, the company replaced its credit facility with a new $25 million revolver, acquired two fiber optic service providers for $6.5 million, and disclosed $47.4 million in post-quarter capital commitments, signaling an aggressive growth posture. While the top-line growth is impressive, the company remains unprofitable on a net basis from continuing operations, and the heavy capex commitments will pressure liquidity. The results confirm the recovery narrative but also raise the stakes on execution.
At the time of this filing, TUSK was trading at $3.39 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $163.3M. 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.