Mammoth Energy Services stock turns profitable in third quarter

Published on 10/31/2026 at 01:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mammoth Energy Services stock is in focus after a profitable third quarter. Management raised its 2026 margin outlook.

Third-Quarter Turnaround And Outlook

Mammoth returned to quarterly profitability as adjusted EBITDA more than doubled sequentially.
Aviation leasing expanded the rental platform and drove the strongest segment contribution.
Management raised its 2026 adjusted EBITDA margin outlook to the mid-teens.

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Mammoth Energy Services returned to profitability in the third quarter ended September 30, 2026, as aviation leasing, sand services and accommodations lifted operating performance. The company reported the results on Friday, October 30, in a release carried by StockTitan.

Profitability improves sharply

Revenue from continuing operations reached USD 21.3 million, compared with USD 10.9 million a year earlier and USD 26.1 million in the second quarter. Net income from continuing operations was USD 0.3 million, or USD 0.01 per diluted share, versus a USD 12.6 million loss in the year-earlier quarter and a USD 1.2 million loss in the second quarter.

Adjusted EBITDA from continuing operations rose to USD 5.8 million from a loss of USD 4.8 million a year earlier and USD 2.6 million in the second quarter. The adjusted EBITDA margin reached 27.2%, compared with 10.0% in the previous quarter.

Aviation platform drives rental growth

Rental services generated USD 9.6 million in revenue, supported by aviation fleet expansion and higher utilization. Segment adjusted EBITDA reached USD 5.0 million. Mammoth had 44 aviation assets at September 30, including aircraft, engines and auxiliary power units, with 29 producing revenue.

Natural sand proppant services generated USD 5.2 million in revenue and USD 1.5 million in adjusted EBITDA. The company sold about 228,000 tons at an average price of USD 22.18 per ton. Accommodation services contributed USD 3.4 million in revenue and USD 1.1 million in adjusted EBITDA, while drilling revenue declined sequentially amid seasonal weakness.

Guidance points to further expansion

Management raised its full-year 2026 adjusted EBITDA margin outlook to the mid-teens and reaffirmed revenue growth of more than 90%. Mammoth also expects adjusted EBITDA to increase by more than 40% in 2027, assuming continued aviation fleet deployment, further aviation investment and operating improvement.

Mammoth Energy Services stock traded at 2.84 euros on Lang & Schwarz at 23:00 CEST on Friday, October 30, 2026. Investors can follow the real-time quote of Mammoth Energy Services stock.

Business model and market position

Mammoth Energy Services is based in Oklahoma City and operates an aviation leasing and rental platform alongside infrastructure, natural sand proppant, accommodation and directional drilling services. Its infrastructure activities serve private utilities, investor-owned utilities and cooperatives, while its energy businesses support North American onshore oil and natural gas development. The combination gives Mammoth a specialized, diversified profile across aviation rentals, grid services and energy-related operations.