Mammoth Energy Services (TUSK) AI Stock Analysis

• Market Cap: $110.36M
• Dividend Yield: N/A
• Average Volume (3M): 98.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -19.00%
• EPS Growth: 48.70%
• Country: US
• Employees: 639
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): -0.74
• Shares Outstanding: 48,194,035
• 10 Day Avg. Volume: 113,594
• 30 Day Avg. Volume: 98,183
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -0.15
• Enterprise Value/Revenue: -0.10
• Enterprise Value/Gross Profit: -0.49
• Enterprise Value/Ebitda: 0.40
• 1Y Price Target: $2.50
• Price Target Upside: 1.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: $2.50 ▲(1.63% Upside)

Mammoth Energy Services' overall stock score reflects its challenging financial performance, with negative profitability and valuation concerns. The company's strategic transformations and strong cash position provide some optimism, but ongoing losses and segment challenges weigh heavily on the score.

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 multiple streams, primarily from its service offerings to the oil and gas industry. Key revenue streams include pressure pumping services, which involve hydraulic fracturing for oil and gas extraction, and well services that cover drilling and completion activities. The company also benefits from infrastructure projects related to renewable energy, which are increasingly important in the current energy landscape. Partnerships with major exploration and production companies enhance its revenue potential, as does the ability to adapt services to meet the evolving needs of the energy sector. Additionally, the company's involvement in emergency response and restoration services during natural disasters provides an ancillary revenue stream, further diversifying its earnings.

Mammoth Energy Services Financial Statement Overview

Summary

Mammoth Energy Services is facing significant financial challenges, with declining revenues and negative profitability margins. While the balance sheet shows low leverage, the lack of returns on equity is concerning. Cash flow generation is relatively stable, but the company needs to address its profitability issues to improve its overall financial health.

Income Statement

Mammoth Energy Services has faced significant challenges in its income statement. The company has experienced declining revenue growth, with a notable decrease of 16.95% in the TTM period. Profitability metrics such as gross profit margin and net profit margin are weak, with the latter being negative, indicating losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. Overall, the income statement shows a struggling financial performance with limited profitability.

Balance Sheet

The balance sheet of Mammoth Energy Services presents a mixed picture. The debt-to-equity ratio is relatively low at 0.02 in the TTM period, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating returns on its equity investments. The equity ratio remains stable, showing a solid equity base relative to total assets. While the company maintains a conservative leverage position, the lack of profitability is a concern.

Cash Flow

Cash flow analysis reveals some positive aspects for Mammoth Energy Services. The company has shown a slight growth in free cash flow, with a 4.04% increase in the TTM period. The operating cash flow to net income ratio is strong, indicating efficient cash generation relative to reported losses. However, the free cash flow to net income ratio is below 1, reflecting challenges in converting profits into free cash flow. Overall, the cash flow position is relatively stable but not without its challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	172.09M	187.93M	309.49M	362.09M	228.96M	313.08M
Gross Profit	34.39M	36.46M	61.65M	83.50M	30.64M	81.06M
EBITDA	-42.21M	-168.25M	70.44M	88.77M	-39.41M	-19.06M
Net Income	-31.20M	-207.33M	-3.16M	-619.00K	-101.43M	-107.61M
Balance Sheet
Total Assets	364.19M	384.03M	698.48M	724.68M	720.89M	824.56M
Cash, Cash Equivalents and Short-Term Investments	127.25M	60.97M	16.56M	17.28M	11.66M	16.57M
Total Debt	5.26M	18.03M	63.26M	130.33M	125.29M	113.25M
Total Liabilities	102.16M	131.21M	238.38M	262.06M	257.67M	261.24M
Stockholders Equity	262.04M	252.82M	460.10M	462.62M	463.22M	563.33M
Cash Flow
Free Cash Flow	120.62M	163.65M	11.99M	2.53M	-24.71M	130.00K
Operating Cash Flow	135.85M	180.72M	31.39M	15.27M	-18.86M	6.97M
Investing Cash Flow	82.96M	-10.43M	-8.79M	-2.12M	5.51M	-2.29M
Financing Cash Flow	-66.23M	-112.11M	-15.59M	-5.60M	8.43M	4.27M

Mammoth Energy Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.46
• 50DMA: Positive
• 100DMA: Negative
• 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 Positive. The current price of 2.46 is above the 20-day moving average (MA) of 2.35, above the 50-day MA of 2.42, and below the 200-day MA of 2.60, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.99 is Neutral, neither overbought nor oversold. The STOCH value of 50.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TUSK.

Mammoth Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPLP	71 Outperform	809.11M	4.27	22.29%	―	5.04%	7.61%
SEB	55 Neutral	3.49B	25.64	2.87%	0.25%	4.70%	-44.60%
TUSK	54 Neutral	$110.36M	―	-27.32%	―	-19.00%	48.70%
MATW	53 Neutral	760.23M	-11.69	-12.68%	4.05%	-11.13%	-351.71%
NNBR	53 Neutral	111.16M	-1.96	-23.65%	―	-9.86%	1.22%
FIP	48 Neutral	538.61M	-3.13	-8.06%	1.92%	16.07%	30.39%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Mammoth Energy Services Corporate Events

Mammoth Energy Services Reduces Credit Facility

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.

Mammoth Energy CEO Joins Board as Voting Member

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.

Mammoth Energy Sells Fracturing Equipment for $15 Million

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.

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.