Mammoth Energy Raises 2026 Outlook Again as Revenue Doubles, Acquisitions Close
TUSK sits 59% above its 52-week low of $1.715.
Summary
Mammoth Energy delivered Q2 revenue of $26.1M, up 110% year-over-year, driven by rental services growth, and raised its full-year 2026 outlook for the second time — now guiding for revenue growth above 90% and Adjusted EBITDA margin above 10%. Adjusted EBITDA hit $2.6M, a 37% sequential jump, with drilling turning profitable and sand margins back in the black. The company also closed two fiber infrastructure acquisitions, Mission Construction and BERE Rentals, expanding its aviation and infrastructure footprint. However, the quarter swung to a net loss of $1.2M from Q1's $4.7M profit, a detail that tempers the top-line momentum. This follows the strong Q1 report and buyback initiation in May, and the insider buying in June — the raised guidance signals management sees the upswing continuing.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.