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Mammoth Energy Services (TUSK)
NASDAQ:TUSK
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Mammoth Energy Services (TUSK) AI Stock Analysis

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TUSK

Mammoth Energy Services

(NASDAQ:TUSK)

Rating:52Neutral
Price Target:
$2.50
▼(-8.09%Downside)
Mammoth Energy Services has a mixed outlook. Financial performance is under pressure due to declining revenues and profitability issues. Technical analysis shows cautious market sentiment. Valuation is weak, with a negative P/E ratio and no dividends. Despite these challenges, recent earnings call improvements and strategic shifts offer some hope for recovery.

Mammoth Energy Services (TUSK) vs. SPDR S&P 500 ETF (SPY)

Mammoth Energy Services Business Overview & Revenue Model

Company DescriptionMammoth 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 MoneyMammoth 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 Earnings Call Summary

Earnings Call Date:Jul 25, 2025
(Q1-2025)
|
% Change Since: 1.87%|
Next Earnings Date:Oct 31, 2025
Earnings Call Sentiment Neutral
While Mammoth Energy Services achieved notable financial improvements, including positive adjusted EBITDA and significant asset transactions that bolstered their cash position, there are lingering macroeconomic uncertainties and market pressures that pose challenges. The company's ability to manage costs effectively and maintain strategic focus is crucial in navigating these challenges.
Q1-2025 Updates
Positive Updates
Significant Asset Transactions
Completed two transactions in April, purchasing eight small passenger aircraft for $11.5 million and selling three infrastructure subsidiaries for $108.7 million, significantly enhancing financial results.
Positive Adjusted EBITDA
Generated positive adjusted EBITDA of $2.7 million in the first quarter compared to a negative $4.8 million in the fourth quarter of 2024.
Revenue Growth
Total revenue for the first quarter was $62.5 million, representing a 17% sequential increase over the fourth quarter of 2024.
Well Completions Revenue Increase
Well completions revenue increased to $20.9 million from $15.8 million in the fourth quarter of 2024, driven by increased utilization.
Strong Cash Position
As of May 2, 2025, after asset transactions, Mammoth had unrestricted cash on hand of $135.4 million and remained debt-free.
Negative Updates
Macroeconomic and Market Uncertainty
Uncertainty in the market due to tariffs, economic conditions, and OPEC+ production increases is affecting oil prices and could lead to increased competition in gas basins.
Net Loss Recorded
Reported a net loss of $0.5 million in the first quarter, although significantly improved from a $15.5 million loss in the fourth quarter of 2024.
Potential Margin Squeeze
Anticipated increased competition in gas basins may squeeze margins slightly in the near term.
Pressure on Energy Market
Macroeconomic factors and commodity price pressures have led to softened expectations for activity levels throughout 2025.
Company Guidance
During the Mammoth Energy Services first quarter earnings call for fiscal year 2025, the company provided guidance on several key metrics. Mammoth reported a 17% sequential increase in total revenue, reaching $62.5 million, with significant contributions from its well completions and infrastructure services segments. The well completions segment saw a revenue increase to $20.9 million, with an average of 1.3 active pressure pumping fleets, up from $15.8 million with 1.1 fleets in the previous quarter. The infrastructure services segment generated $30.7 million in revenue, marking a 10% sequential rise. Additionally, the sand segment sold approximately 189,000 tons at an average price of $21.49 per ton. The company achieved a positive adjusted EBITDA of $2.7 million, a turnaround from a negative $4.8 million in the previous quarter. Despite a net loss of $0.5 million, Mammoth maintained a strong cash position with $135.4 million in unrestricted cash following recent strategic transactions, including the purchase of eight aircraft for $11.5 million and the sale of three subsidiaries for $108.7 million. Looking forward, the company aims to achieve utilization in excess of 1.5 active fleets, which would enable free cash flow generation, while continuing to evaluate strategic growth opportunities.

Mammoth Energy Services Financial Statement Overview

Summary
Mammoth Energy Services is facing financial challenges with declining revenues and profitability as reflected in the income statement. Although there is strong operating cash flow, the balance sheet shows negative returns and decreasing equity ratios, highlighting concerns about the company's financial health.
Income Statement
30
Negative
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
45
Neutral
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
55
Neutral
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue187.93M309.49M362.09M228.96M313.08M
Gross Profit36.46M61.65M83.50M30.64M81.06M
EBITDA-168.25M70.44M43.95M-39.41M-19.06M
Net Income-207.33M-3.16M-619.00K-101.43M-107.61M
Balance Sheet
Total Assets384.03M698.48M724.68M720.89M824.56M
Cash, Cash Equivalents and Short-Term Investments60.97M16.56M17.28M11.66M16.57M
Total Debt18.03M63.26M93.88M98.57M102.50M
Total Liabilities131.21M238.38M262.06M257.67M261.24M
Stockholders Equity252.82M460.10M462.62M463.22M563.33M
Cash Flow
Free Cash Flow163.65M11.99M2.53M-24.71M130.00K
Operating Cash Flow180.72M31.39M15.27M-18.86M6.97M
Investing Cash Flow-10.43M-8.79M-2.12M5.51M-2.29M
Financing Cash Flow-112.11M-15.59M-5.60M8.43M4.27M

Mammoth Energy Services Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.72
Price Trends
50DMA
2.69
Positive
100DMA
2.49
Positive
200DMA
2.92
Negative
Market Momentum
MACD
-0.02
Negative
RSI
53.14
Neutral
STOCH
88.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TUSK, the sentiment is Positive. The current price of 2.72 is above the 20-day moving average (MA) of 2.68, above the 50-day MA of 2.69, and below the 200-day MA of 2.92, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.14 is Neutral, neither overbought nor oversold. The STOCH value of 88.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TUSK.

Mammoth Energy Services Risk Analysis

Mammoth Energy Services disclosed 74 risk factors in its most recent earnings report. Mammoth Energy Services reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Mammoth Energy Services Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$3.02B30.692.09%0.29%-0.31%-58.07%
67
Neutral
£2.85B10.424.69%215.06%2.73%-20.56%
61
Neutral
$784.79M3.6224.14%5.83%72.33%
61
Neutral
$770.05M-6.42%1.34%5.70%36.39%
53
Neutral
$768.08M-17.17%4.01%-9.04%-339.31%
52
Neutral
$128.50M-55.95%-12.33%-738.00%
47
Neutral
$107.45M-17.87%-7.16%28.78%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TUSK
Mammoth Energy Services
2.72
-1.26
-31.66%
MATW
Matthews International
24.67
-2.35
-8.70%
NNBR
NN
2.18
-1.90
-46.57%
SEB
Seaboard
3,128.11
-23.55
-0.75%
SPLP
Steel Partners Holdings
40.48
3.36
9.05%
FIP
FTAI Infrastructure Incorporation
6.71
-3.08
-31.46%

Mammoth Energy Services Corporate Events

Executive/Board ChangesPrivate Placements and Financing
Mammoth Energy Services Reduces Credit Facility
Negative
Jul 3, 2025

On July 2, 2025, Mammoth Energy Services, Inc. announced a reduction in its revolving credit facility with Fifth Third Bank from $75 million to $50 million, potentially impacting its financial flexibility. Additionally, Bernard Lancaster was appointed as the Chief Operating Officer effective July 1, 2025, with a compensation package including a $300,000 base salary and eligibility for an annual discretionary bonus.

Executive/Board Changes
Mammoth Energy CEO Joins Board as Voting Member
Neutral
Jun 30, 2025

On June 24, 2025, Mammoth Energy Services announced that its CEO, Phil Lancaster, was appointed as a non-independent voting member of the board of directors, effective July 1, 2025, following his resignation as CEO on June 30, 2025. Additionally, the board confirmed that its chairman, Arthur Amron, meets the independence standards set by Nasdaq, ensuring unbiased governance.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Mammoth Energy Sells Fracturing Equipment for $15 Million
Negative
Jun 20, 2025

On June 16, 2025, Mammoth Energy Services, through its subsidiaries Stingray Pressure Pumping LLC and Mammoth Equipment Leasing LLC, sold its hydraulic fracturing equipment to MGB Manufacturing, LLC for $15 million. This transaction, completed simultaneously with the signing of the agreement, will lead to an impairment expense of $7.7 million to $9.2 million in the second quarter of 2025, as the carrying value of goodwill exceeded its fair value. Additionally, Mammoth will report its hydraulic fracturing business as discontinued operations in its financial statements, reflecting a strategic shift in its business operations.

Executive/Board ChangesShareholder Meetings
Mammoth Energy Holds Annual Stockholders Meeting
Neutral
Jun 12, 2025

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.

Executive/Board Changes
Mammoth Energy Announces Leadership Changes in June 2025
Neutral
Jun 5, 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.

M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Mammoth Energy Reports Strong Q1 2025 Financial Results
Positive
May 7, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 24, 2025