Mammoth Energy Services, Inc. held its Q2 2026 earnings call covering financial results and operational updates. Quarterly earnings releases typically move near-term stock sentiment without reshaping long-term strategy.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | 1 | — | — | — | — | 1 | 2 | — | — | 1 |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | 0.25 |
—
—
|
| 2018 | 0.25 |
—
—
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 24.30 | 80.20 | 133.71 | 88.93 |
| Receivables | 447.20 | 40.67 | 28.93 | 39.40 |
| Inventory | 12.65 | 6.85 | 4.08 | 11.04 |
| Other | 10.84 | 10.85 | 8.91 | 5.29 |
| 496.93 | 188.59 | 177.15 | 146.01 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 27.51 | 12.11 | 9.33 | 11.56 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 182.55 | 114.51 | 70.02 | 75.51 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 22.03 | 26.05 | — | — |
—
|
| ’25 | 11.63 | 12.35 | 14.80 | 5.51 |
44.29
|
| ’24 | 43.19 | 16.02 | 17.05 | (30.66) |
45.60
|
| ’23 | 116.32 | 75.43 | 64.96 | 52.78 |
309.49
|
| ’22 | 62.30 | 89.68 | 107.20 | 102.91 |
362.09
|
| ’21 | 66.80 | 47.44 | 57.49 | 57.23 |
228.96
|
| ’20 | 97.38 | 60.11 | 70.53 | 85.05 |
313.08
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (3.03) | (6.99) | — | — |
—
|
| ’25 | 2.71 | (12.52) | 0.73 | (9.49) |
(18.57)
|
| ’24 | 47.35 | (6.82) | (1.23) | 141.42 |
180.72
|
| ’23 | 3.24 | 29.37 | (7.66) | 6.44 |
31.39
|
| ’22 | (2.38) | 1.74 | (5.43) | 21.33 |
15.27
|
| ’21 | 14.23 | (9.76) | (20.23) | (3.10) |
(18.86)
|
| ’20 | 1.54 | 5.29 | (5.05) | 5.19 |
6.97
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (14.16) | (43.14) | — | — |
—
|
| ’25 | 5.94 | (38.15) | (16.04) | (32.93) |
(81.17)
|
| ’24 | 46.25 | (3.15) | (0.97) | 142.45 |
184.56
|
| ’23 | (2.47) | 25.34 | (8.89) | 5.33 |
19.32
|
| ’22 | (2.52) | 5.37 | (9.35) | 19.65 |
13.14
|
| ’21 | 14.54 | (7.15) | (18.05) | (2.70) |
(13.36)
|
| ’20 | 0.60 | 4.36 | (4.26) | 6.22 |
6.91
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.11 | (0.01) | — | — |
—
|
| ’25 | (0.01) | 0.18 | (0.26) | 0.18 |
0.10
|
| ’24 | (0.25) | (3.25) | (0.50) | (0.32) |
(4.31)
|
| ’23 | 0.17 | (0.09) | (0.02) | (0.12) |
(0.07)
|
| ’22 | (0.32) | 0.04 | 0.16 | 0.10 |
(0.01)
|
| ’21 | (0.27) | (0.75) | (0.88) | (0.28) |
(2.18)
|
| ’20 | (1.85) | (0.33) | 0.07 | (0.26) |
(2.36)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.35 | 3.41 | 2.50 | 1.68 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 8.79 | 8.74 | 4.94 | 3.52 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,037 | 733 | 639 | 115 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.35 | 0.42 | 0.07 | 0.39 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 362.09 | 309.49 | 45.60 | 44.29 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.06% | 19.92% | 6.72% | 3.90% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.99 | 9.13 | (194.42) | (59.67) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.59% | 2.95% | (426.36%) | (134.72%) | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.62) | (3.16) | (207.33) | 4.60 | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 65.05 | 48.21 | 14.69 | 11.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.68 | 6.48 | 0.95 | 0.92 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.01) | (0.07) | (4.31) | 0.10 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.66 | 3.76 | (0.38) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.04) | (0.25) | 0.08 | (1.30) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.28 | 0.40 | 3.84 | (1.68) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.81 | 9.63 | 5.26 | 5.35 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.18 | 47.78 | 48.07 | 48.27 | — | — | — |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 20.56 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.88 | 0.68 | 3.16 | 2.02 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.69 | 0.46 | 0.57 | 0.35 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.10 | 0.78 | 2.71 | 0.34 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.23 | 12.43 | 0.67 | (0.19) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.27 | 31.39 | 180.72 | (18.57) | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.12) | (12.06) | 3.85 | (62.60) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.14 | 19.32 | 184.56 | (81.17) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 259.48 | 314.37 | 74.08 | 107.13 | — | — | — |
Working Cap'
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 97.52 | 42.81 | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 80.24 | 18.51 | (80.20) | (133.71) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 462.62 | 460.10 | 252.82 | 258.29 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.09%) | (0.44%) | (38.30%) | 1.28% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.89%) | (2.18%) | (43.58%) | (28.81%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.13%) | (0.69%) | (58.16%) | 1.80% | — | — | — |
ROE
|
Mammoth Energy Services (TUSK), a key player in hydraulic fracturing and oilfield services, exemplifies the oil sector’s brutal boom-bust cycles. Revenues skyrocketed from $231 million in 2016 to a $1.69 billion peak in 2018 amid the shale frenzy and crude above $70, driving EPS to $5.27 and shares to $42. Subsequent plunges—63% in 2019, halved again in 2020’s COVID crash—piled on over $400 million in cumulative losses, culminating in 2024’s 39% revenue drop to $188 million and a -$207 million net loss. Yet, amid eroding shareholders’ equity (down 66% to $253 million), the company boasts a net cash position and surging operating cash flow of $181 million, hinting at underlying resilience.
Insider activity tempers optimism, with net selling dominating recent months, while analyst targets point to 83% upside from lows around $2.30. Balance sheet deleveraging and disciplined capex have yielded positive free cash flow per share of $3.54, trading at an alluring 0.73x EV/FCF, but ROIC cratered to -47% and metrics like ROE (-58%) underscore capital inefficiency in idle assets.
TUSK presents speculative value for those eyeing oil’s next upswing, with cash generation as a moat against cyclical storms. However, persistent margin erosion, commodity volatility, and competitive pressures demand caution—will macro tailwinds revive profitability, or deepen the equity bleed? Dive into the full analysis for historical correlations, segment breakdowns, and scenario modeling.
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