Mammoth Energy's Q1 2026: Turnaround Story

Mammoth Energy Services Q1 2026 earnings report is a game-changer, with revenue surging 90% year-over-year and 133% sequentially, reaching $22 million. Theyve posted their first positive adjusted EBITDA of $1.9 million in eight quarters, raising full-year guidance for EBITDA positivity and 60%+ revenue growth. Rentals led the charge, up 294% sequentially, while accommodations and drilling also saw significant jumps. SG&A was slashed by 38%, and theyre debt-free with $125 million in cash. Share repurchases and capex deployments signal their commitment to growth. Operations are improving, with higher utilization across segments, and theyre locked in for a strong year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2074f3b267aa726a