Mammoth Energy (TUSK) Q2 2026 Earnings Call Transcript
Mammoth Energy Services (TUSK) reported Q2 2026 revenue of $26.1 million, up 110% year over year and 19% sequentially. Adjusted EBITDA was $2.6 million versus a $3.5 million loss a year earlier, and net loss was $1.2 million. The company raised full-year 2026 guidance, expecting >90% revenue growth and adjusted EBITDA margin above 10%.
How this was made
The 30-second read
Why it matters
The key tradable change is management’s second guidance raise in five months, supported by higher revenue growth expectations and an adjusted EBITDA margin target above 10%, alongside operational metrics like fleet growth and utilization.
Market read
Traders can update models for TUSK based on raised 2026 revenue growth and EBITDA margin guidance, plus segment-level momentum indicators and stated earnings-power framing excluding aviation asset sales.
What to watch
Aviation asset sale revenue is described as non-linear, and the second-half outlook excludes potential asset sales, which could pressure reported earnings if operating momentum slows.
Background
This is a Q2 2026 earnings call transcript for Mammoth Energy Services, covering segment performance (aviation leasing, sand/proppant, drilling, accommodation, and fiber) and updated 2026 guidance.
Ticker impact
Mammoth Energy raised full-year 2026 guidance, reporting Q2 revenue of $26.1M and adjusted EBITDA of $2.6M, plus a >90% growth outlook.
Near-term bias higher on guidance revision, with volatility tied to whether aviation sales are needed to sustain earnings power.
The article discloses multiple fresh datapoints: raised 2026 revenue and EBITDA margin targets, segment utilization and fleet growth, and a stated plan to exclude aviation asset sales from the second-half outlook.
Market effects
Reinforces demand strength in Montney natural gas and proppant pricing, while highlighting aviation leasing as a diversifying earnings lever for energy services.
Potentially supportive for Western Canada Montney-linked activity via higher sand volumes and pricing.
Limited direct global linkage, but energy services sentiment can spill over to small-cap E&P services peers.
Counterpoint
The sand segment’s gross margin turned positive, yet adjusted EBITDA remains negative, suggesting fixed-cost absorption may lag and guidance could be sensitive to utilization.
Key entities
- companyMammoth Energy Services, Inc.
US-listed energy services firm (TUSK) reporting Q2 results and raising full-year 2026 guidance.
- executiveMark Layton
CFO discussing segment margins, aviation asset sale variability, and the second-half outlook excluding asset sales.
- executiveBernie Lancaster
COO highlighting operational improvements across drilling, sand, and fiber acquisitions.
