TUSK

Discover why Zacks rates Mammoth Energy as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore how TUSK's aviation leasing growth, improving profitability and attractive valuation balance against liquidity and execution risks.

Mammoth Energy receives a B- (soft Buy) rating, with a 12-month target of $3.85, reflecting 21.1% upside from $3.18. TUSK's pivot to aviation leasing, especially engines and APUs, distinguishes it from typical aircraft lessors; engine/APU leasing forms 85% of aviation revenue. Material credit risk exists due to potential lessee Surf Air's going concern warning, but high lease yields (18%) partially compensate for this risk.

Mammoth Energy Services NASDAQ: TUSK reported a sharp improvement in third-quarter profitability, driven by increased aviation leasing activity, stronger sand margins and higher accommodations utilization. The company also raised its full-year adjusted EBITDA margin outlook to the mid-teens and said it expects 2027 adjusted EBITDA to increase by more than 40% from its anticipated 2026 level.

Asset-backed financing to support continued growth of the Company's aviation leasing platform OKLAHOMA CITY, Oct. 30, 2026 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced that, on October 28, 2026, its aviation subsidiaries, Cobra Aviation Services LLC and Leopard Aviation LLC, entered into a loan and security agreement with Bank7 providing for up to $58 million of senior secured term loans. The Company expects to use proceeds from the facility to fund the acquisition of additional aviation assets.

Raises Full-Year 2026 Outlook Third Quarter 2026 Highlights: Revenue increased 95% year-over-year to $21.3 million Net income from continuing operations was $0.3 million, compared with net losses from continuing operations of $12.6 million in the third quarter of 2025 and $1.2 million in the second quarter of 2026 Adjusted EBITDA more than doubled from the second quarter of 2026 to $5.8 million Adjusted EBITDA margin of 27.2%, up from 10.0% in the second quarter; 15.0% for the first nine months Rental services segment Adjusted EBITDA increased 35% sequentially to $5.0 million Expanded our aviation portfolio to 44 assets, including 14 aircraft, 14 engines and 16 auxiliary power units, up from 15 at the end of the prior-year period 29 of 44 aviation assets were revenue-producing as of September 30, 2026, up from 23 of 38 as of June 30, 2026 No funded debt; $37.6 million of cash and marketable securities; $41.8 million invested, led by aviation Subsequent to quarter-end, entered into a term loan facility providing commitments of up to $58.0 million to support aviation growth Updated 2026 Outlook: Revenue growth expected to exceed 90% Adjusted EBITDA margin expected to be in the mid-teens Increased full-year 2026 outlook for the third time this year Initial 2027 Outlook: Adjusted EBITDA expected to increase by more than 40% compared with full-year 2026 Adjusted EBITDA The 2027 outlook assumes continued deployment of the Company's existing aviation fleet, incremental contributions from aviation investments and continued operating improvement across the Company's portfolio and does not assume material aviation asset sales. The Company is unable to provide a reconciliation of its forward-looking Adjusted EBITDA to the most directly comparable GAAP measure because certain components necessary to provide such a reconciliation are not available without unreasonable effort.

OKLAHOMA CITY, Oct. 14, 2026 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") will host a conference call on Friday, October 30, 2026, to discuss the Company's results for the third quarter ended September 30, 2026.  The conference call will begin at 11:00 a.m.

Mammoth Energy Services, Inc. (TUSK) Q2 2026 Earnings Call Transcript

Mammoth Energy Services NASDAQ: TUSK reported second-quarter revenue growth and a second consecutive quarter of positive adjusted EBITDA, supported by stronger activity in its sand, drilling, rental and infrastructure businesses. Management also raised its full-year outlook following substantial aviation-related capital deployment and acquisitions in the fiber optic services market.

OKLAHOMA CITY, Aug. 7, 2026 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") today reported financial and operational results for the second quarter ended June 30, 2026. Mark Layton, Chief Financial Officer of Mammoth commented, "We are increasing our full-year 2026 outlook for the second time this year based on continued improvement across our operating businesses and the growing contribution from our aviation platform.

OKLAHOMA CITY, July 14, 2026 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") will host a conference call on Friday, August 7, 2026, to discuss the Company's results for the second quarter ended June 30, 2026. The conference call will begin at 11:00 a.m.