Mammoth Energy Services (TUSK) AI Stock Analysis

• Market Cap: $129.94M
• Dividend Yield: N/A
• Average Volume (3M): 123.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.56
• Revenue Growth: -12.33%
• EPS Growth: -738.00%
• Country: US
• Employees: 639
• Sector: Industrials
• Sector Strength: 87
• Industry: Conglomerates
• EPS (TTM): -0.01
• Shares Outstanding: 48,127,370
• 10 Day Avg. Volume: 98,547
• 30 Day Avg. Volume: 123,800
• PEG Ratio: 6.63
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 161.35
• Enterprise Value/Market Cap: 3.73
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 17.12
• Enterprise Value/Ebitda: -0.79
• 1Y Price Target: $4.20
• Price Target Upside: 55.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: $2.50 ▼(-7.41%Downside)

The overall stock score for Mammoth Energy Services is 52.4, primarily influenced by financial challenges including declining revenues and profitability, which are partially offset by strong operating cash flow. The earnings call provided some positive insights with revenue growth and improved cash position, yet valuation concerns remain due to the negative P/E ratio. Technical analysis suggests mixed momentum, with short-term bullish signals not fully offsetting the longer-term bearish outlook. Strategic asset transactions and cash management are critical to improving the company's financial health.

Mammoth Energy Services Business Overview & Revenue Model

Company Description

Mammoth Energy Services, Inc. operates as an energy service company. The company operates in four segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution, and networks and substation facilities, including engineering, design, construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring. The Well Completion Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability, and sand hauling and water transfer services. The Natural Sand Proppant Services segment is involved in mining, processing, and selling natural sand proppant used for hydraulic fracturing; buying processed sand from suppliers on the spot market and reselling that sand; and providing logistics solutions to facilitate delivery of frac sand products. The Drilling Services segment offers contract land and directional drilling services, as well as rig moving services. The company also offers other services, including aviation, coil tubing, pressure control, flowback, cementing, acidizing, equipment rental, crude oil hauling, full-service transportation, and remote accommodation services, as well as equipment manufacturing, and infrastructure engineering and design. It serves government-funded utilities, private and public investor owned utilities, co-operative utilities, independent oil and natural gas producers and land-based drilling contractors in the United States and Canada. Mammoth Energy Services, Inc. was incorporated in 2016 and is headquartered in Oklahoma City, Oklahoma.

How the Company Makes Money

Mammoth Energy Services generates revenue through several key streams. Primarily, the company earns money by providing infrastructure services, which include building and maintaining electric power infrastructure for utilities. Additionally, the company offers well completion and production services to the oil and gas industry, which involves activities such as hydraulic fracturing, coil tubing, cementing, and flowback services. Another significant revenue stream comes from the sale of natural sand proppant, which is used in the hydraulic fracturing process. Mammoth Energy Services also benefits from strategic partnerships and contracts with major energy companies and utility providers, ensuring a steady flow of projects and income.

Mammoth Energy Services Financial Statement Overview

Summary

Mammoth Energy Services faces financial challenges with declining revenues and profitability as reflected in the income statement. Despite a stable balance sheet with manageable debt levels, the equity ratio has decreased, and return on equity is negative. The cash flow statement presents a positive outlook with strong operating cash flow, though profitability remains a key concern.

Income Statement

Mammoth Energy Services has shown a decline in revenue from $362.086 million in 2022 to $207.209 million in TTM 2025, indicating a significant contraction in business activity. The gross profit margin has decreased over time, with a notable drop in profitability as reflected in the negative EBIT and EBITDA margins. The net profit margin is also negative, highlighting persistent losses. Overall, the income statement reflects financial challenges, with declining revenues and profitability.

Balance Sheet

The balance sheet shows a relatively stable equity position with stockholders' equity at $252.511 million in TTM 2025. However, the debt-to-equity ratio is low due to manageable debt levels, which is a positive aspect. The equity ratio has decreased over time, indicating a reliance on liabilities. Return on equity is negative, driven by ongoing net losses, which raises concerns about the company's ability to generate returns for shareholders.

Cash Flow

The cash flow statement indicates a strong operating cash flow of $136.077 million in TTM 2025, suggesting effective cash management. Free cash flow is positive and shows growth from 2024 to TTM 2025, supporting the company's liquidity position. However, the free cash flow to net income ratio is impacted by negative net income, pointing to profitability issues despite healthy cash flow.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
207.21M	187.93M	309.49M	362.09M	228.96M	313.08M
	Gross Profit
28.31M	36.46M	61.65M	83.50M	30.64M	81.06M
	EBIT
-117.20M	-128.71M	-16.68M	20.59M	-126.08M	-46.51M
	EBITDA
-166.86M	-168.25M	70.44M	43.95M	-39.41M	-19.06M
	Net Income Common Stockholders
-196.05M	-207.33M	-3.16M	-619.00K	-101.43M	-107.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
56.65M	60.97M	16.56M	17.28M	11.66M	16.57M
	Total Assets
374.35M	384.03M	698.48M	724.68M	720.89M	824.56M
	Total Debt
5.40M	18.03M	63.26M	93.88M	98.57M	102.50M
	Net Debt
-51.25M	-42.93M	46.71M	76.60M	88.67M	87.68M
	Total Liabilities
121.84M	131.21M	238.38M	262.06M	257.67M	261.24M
	Stockholders Equity
252.51M	252.82M	460.10M	462.62M	463.22M	563.33M
Cash Flow		Free Cash Flow
115.93M	163.65M	11.99M	2.53M	-24.71M	130.00K
	Operating Cash Flow
136.08M	180.72M	31.39M	15.27M	-18.86M	6.97M
	Investing Cash Flow
-12.32M	-10.43M	-8.79M	-2.12M	5.51M	-2.29M
	Financing Cash Flow
-67.42M	-112.11M	-15.59M	-5.60M	8.43M	4.27M

Mammoth Energy Services Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TUSK, the sentiment is Neutral. The current price of 2.7 is above the 20-day moving average (MA) of 2.63, above the 50-day MA of 2.51, and below the 200-day MA of 3.08, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 53.20 is Neutral, neither overbought nor oversold. The STOCH value of 59.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TUSK.

Mammoth Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$4.47B	12.22	5.40%	3.65%	4.14%	-12.00%
SPLP	63 Neutral	$783.45M	3.66	24.14%	―	5.83%	72.33%
FIP	58 Neutral	$735.62M	―	-6.42%	1.87%	5.70%	36.39%
MATW	55 Neutral	$677.54M	―	-17.17%	4.58%	-9.04%	-339.31%
SEB	54 Neutral	$2.62B	26.74	2.09%	0.33%	-0.31%	-58.07%
TUSK	52 Neutral	$129.94M	―	-55.95%	―	-12.33%	-738.00%
NNBR	49 Neutral	$97.36M	―	-17.87%	―	-7.16%	28.78%

Mammoth Energy Services Corporate Events

Mammoth Energy Holds Annual Stockholders Meeting

On June 11, 2025, Mammoth Energy Services held its Annual Meeting of Stockholders in Oklahoma City, where stockholders voted on four proposals. Key outcomes included the election of Arthur Amron, Corey Booker, Paul Jacobi, and James Palm as directors until the 2026 meeting, and the approval of executive compensation on an advisory basis, reflecting shareholder support for the company’s leadership and compensation strategies.

Mammoth Energy Announces Leadership Changes in June 2025

Mammoth Energy Services, Inc. announced changes in its executive leadership, with Phil Lancaster resigning as CEO effective June 30, 2025, to join Peak Utility Services Group, Inc. as an employee on July 1, 2025. Subsequently, Bernard Lancaster has been appointed as the new Chief Operating Officer and Principal Executive Officer, effective July 1, 2025, bringing over 11 years of experience within various Mammoth subsidiaries.

Mammoth Energy Reports Strong Q1 2025 Financial Results

Mammoth Energy Services reported positive financial results for the first quarter of 2025, with revenue increasing to $62.5 million and a net loss significantly reduced from the previous year. The company completed the sale of three infrastructure subsidiaries for $108.7 million, enhancing its cash position and allowing for strategic capital deployment. Despite market uncertainties related to tariffs and geopolitical events, Mammoth remains focused on aligning its operations with customer activities and preparing for potential commodity pricing pressures.

Mammoth Energy Sells Subsidiaries to Peak Utility

On April 11, 2025, Mammoth Energy Services‘ subsidiary, Lion Power Services LLC, sold its equity interests in 5 Star Electric, Higher Power Electrical, and Python Equipment to Peak Utility Services Group for $108.7 million. This transaction, which includes CEO Phil Lancaster transitioning to Peak, is expected to unlock significant value for Mammoth, enhancing its cash position to $160 million and expanding its investment opportunities. Additionally, Mammoth purchased eight small passenger aircraft for $11.5 million, aiming to diversify and grow its rental services fleet. The company also amended its revolving credit agreement to allow stock repurchases and broaden investment opportunities, reflecting its strategic growth and financial improvement.