Mammoth Energy’s Q1 Turnaround Spurs Higher 2026 Outlook

Overview

• Mammoth Energy reported first‑quarter 2026 revenue of $22 million and adjusted EBITDA of $1.9 million, its first positive EBITDA in eight quarters.
• Net income from continuing operations reached $4.7 million, or $0.10 per diluted share, reversing losses from both the prior quarter and the prior year.
• Rentals and aviation led the rebound, with the rental segment generating $13 million on higher use of equipment and better asset returns.
• Capital moves included selling a non‑leased aircraft auxiliary power unit for $6.5 million at about a 20% gross IRR and starting share repurchases for the first time since a 2023 authorization.
• The company ended the quarter debt‑free with $125.1 million in cash and securities and raised 2026 guidance to more than 60% revenue growth with positive adjusted EBITDA for the year.