Mammoth Energy Services (TUSK) AI Stock Analysis

• Market Cap: $128.50M
• Dividend Yield: N/A
• Average Volume (3M): 106.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: -12.33%
• EPS Growth: -738.00%
• Country: US
• Employees: 639
• Sector: Industrials
• Sector Strength: 94
• Industry: Conglomerates
• EPS (TTM): N/A
• Shares Outstanding: 48,127,370
• 10 Day Avg. Volume: 87,928
• 30 Day Avg. Volume: 106,708
• PEG Ratio: -0.12
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.09
• Enterprise Value/Market Cap: 0.56
• Enterprise Value/Revenue: 0.09
• Enterprise Value/Gross Profit: 2.54
• Enterprise Value/Ebitda: -0.12
• 1Y Price Target: $3.00
• Price Target Upside: 10.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• 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 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 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

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	187.93M	309.49M	362.09M	228.96M	313.08M
Gross Profit	36.46M	61.65M	83.50M	30.64M	81.06M
EBITDA	-168.25M	70.44M	43.95M	-39.41M	-19.06M
Net Income	-207.33M	-3.16M	-619.00K	-101.43M	-107.61M
Balance Sheet
Total Assets	384.03M	698.48M	724.68M	720.89M	824.56M
Cash, Cash Equivalents and Short-Term Investments	60.97M	16.56M	17.28M	11.66M	16.57M
Total Debt	18.03M	63.26M	93.88M	98.57M	102.50M
Total Liabilities	131.21M	238.38M	262.06M	257.67M	261.24M
Stockholders Equity	252.82M	460.10M	462.62M	463.22M	563.33M
Cash Flow
Free Cash Flow	163.65M	11.99M	2.53M	-24.71M	130.00K
Operating Cash Flow	180.72M	31.39M	15.27M	-18.86M	6.97M
Investing Cash Flow	-10.43M	-8.79M	-2.12M	5.51M	-2.29M
Financing Cash Flow	-112.11M	-15.59M	-5.60M	8.43M	4.27M

Mammoth Energy Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEB	69 Neutral	$3.02B	30.69	2.09%	0.29%	-0.31%	-58.07%
Sector *	67 Neutral	£2.85B	10.42	4.69%	215.06%	2.73%	-20.56%
SPLP	61 Neutral	$784.79M	3.62	24.14%	―	5.83%	72.33%
FIP	61 Neutral	$770.05M	―	-6.42%	1.34%	5.70%	36.39%
MATW	53 Neutral	$768.08M	―	-17.17%	4.01%	-9.04%	-339.31%
TUSK	52 Neutral	$128.50M	―	-55.95%	―	-12.33%	-738.00%
NNBR	47 Neutral	$107.45M	―	-17.87%	―	-7.16%	28.78%

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.

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.