MAMMOTH ENERGY SERVICES, INC. (TUSK) Form 10-Q — Oct 30, 2026
Mammoth Energy Services delivered a sharp turnaround in Q3 2026, with revenue up 95% year over year to $21.3 million and Adjusted EBITDA swinging to $5.8 million from a $4.8 million loss, driven by its rapidly expanding aviation leasing platform and stronger sand and accommodation results. The company is now centered on aviation leasing: aviation assets grew from 15 to 44 over the past year, revenue-producing assets from 11 to 29, and rental/aviation revenue more than tripled to $9.6 million in the quarter.
Key figures
- Eps
- 0.01
- Revenue
- 21346000
- Net Income
- 126000
- Revenue Yoy
- 95%
- Total Assets
- 341623000
- Cash Position
- 13090000
- Shares Outstanding
- 48127585
- Aviation assets
- 44
- Q3 2025 revenue
- 10852000
- Restricted cash
- 11928000
- Nine month revenue
- 69430000
- Q3 adjusted ebitda
- 5800000
- Marketable securities
- 24496000
- Nine month net income
- 4553000
- Sand price per ton q3
- $22.18 (+21% YoY)
- Nine month revenue yoy
- 99%
- Aircraft utilization q3
- 71%
- Aircraft frames sale loi
- 8.5 million
- Mission bere acquisition
- 6.5 million total consideration
- Q3 rental revenue growth
- 243% to $9.6 million
- Revolving credit facility
- 25.0 million (Fifth Third, matures May 8, 2029, undrawn)
- Aircraft purchase commitment
- 32.4 million for three aircraft
- Prepa receivable outstanding
- 20000000
- Bank7 term loans subsequent event
- 58.0 million ($25.0M Term Loan A + $33.0M Term Loan B, matures Oct 26, 2030, no amounts advanced)
- Revenue producing aviation assets
- 29
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