OKLAHOMA CITY, Feb. 5, 2026 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) ("Mammoth" or the "Company") will host a conference call on Friday, March 6, 2026, to discuss the Company's results for the fourth quarter and full year ended December 31, 2025. The conference call will begin at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Prior to the call, the Company will issue a press release announcing the results, which will also be available in the Investor Relations section of the Mammoth ...

Core Insights - Mammoth Energy Services announced the sale of its Aquawolf engineering business for $30 million, with net cash proceeds expected to be up to $26 million [1]. Company Summary - Mammoth Energy Services is divesting its Aquawolf engineering business, indicating a strategic move to streamline operations or raise capital [1]. Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a top-rated analyst on TipRanks, focusing on value opportunities and distressed plays, particularly in the energy sector [2].

Core Insights - Qualus Corporation has acquired Aquawolf, enhancing its capabilities in high-voltage transmission infrastructure [1] - The acquisition strengthens Qualus' expertise in grid modernization and expands its service offerings [1] - Qualus operates with over 1,900 professionals across the U.S. and Canada, focusing on power infrastructure transformation [1] Company Overview - Qualus is a leading pure-play power solutions firm specializing in grid modernization, resiliency, security, and sustainability [1] - The firm partners with various clients, including utilities, commercial, industrial, and government sectors, providing integrated advisory and engineering services [1] - Qualus also develops technology-enabled solutions for challenges in the power industry, such as resource integration and emergency management [1] Acquisition Details - The acquisition of Aquawolf adds new offices in San Diego, Denver, and Vancouver, WA, to Qualus' existing operations [1] - Both companies have demonstrated strong cultural alignment and have collaborated prior to the acquisition [1] - Aquawolf's integration into Qualus is seen as a significant step towards improving power infrastructure [1]

Core Viewpoint - Mammoth Energy Services Inc. announced a $30 million asset sale, leading to a 7.65% increase in its stock price during after-hours trading, reaching $1.9 [1]. Group 1: Asset Sale Details - The company completed the sale of all equity interests in its Aquawolf LLC subsidiary to Qualus LLC for $30 million [2]. - Mammoth Energy Partners LLC received $23.5 million in cash at closing, with an additional $2.5 million placed in escrow for at least 90 days for post-closing adjustments and indemnified liabilities through December 2026 [2]. Group 2: Financial Performance of Subsidiary - The Aquawolf subsidiary recorded $12.0 million in revenue and $1.3 million in net income through September [3]. Group 3: Management Insights - CFO Mark Layton highlighted the strategic importance of the transaction, noting that the Engineering business, which started in 2018, generated $17.3 million in revenue for 2024 [4]. - Layton expressed that the sale reinforces the belief that the underlying value of Mammoth is significantly disconnected from the current share price [4]. Group 4: Banking and Financial Position - Fifth Third Bank consented to the transaction and released associated collateral, with the company's borrowing base remaining unchanged [5]. Group 5: Stock Performance Overview - TUSK shares are down 40.77% year to date, with a market capitalization of $85.06 million and a 52-week trading range of $1.68 to $3.52 [6]. - Benzinga Edge Stock Rankings indicate a negative price trend for TUSK stock across all time frames [6].

Core Viewpoint - Mammoth Energy Services, Inc. has completed the sale of its subsidiary Aquawolf LLC for $30.0 million, which is part of the company's ongoing transformation and portfolio optimization efforts [1][5]. Financial Performance - Aquawolf's revenue increased from $12.1 million in 2022 to $17.3 million in 2024, with net income rising from $1.1 million to $1.8 million during the same period [2]. - For the nine months ending September 30, 2025, Aquawolf generated $12.0 million in revenue and $1.3 million in net income [2]. Transaction Details - At closing, Mammoth Energy Partners LLC received total cash proceeds of $23.5 million, with an additional $2.5 million placed into escrow for post-closing adjustments and indemnified liabilities until at least December 1, 2026 [3]. - The company entered into a consent and release agreement with Fifth Third Bank, which consented to the transaction and agreed to release associated collateral, leaving the company's borrowing base unchanged [4]. Strategic Insights - The CFO of Mammoth stated that the transaction demonstrates the strategic value unlocked this year, highlighting the growth of the Engineering business since its inception in 2018 [5]. - The sale reinforces the belief that the underlying value of Mammoth is significantly disconnected from its current share price, indicating the company's ability to build and monetize businesses organically [6].

Financial Data and Key Metrics Changes - For Q3 2025, revenue was $14.8 million, down from $16.4 million in Q2 and $17.1 million year-over-year, primarily due to the divestiture of the Piranha division assets and underperformance in the sand segment [4][5] - Net loss from continuing operations was $12.1 million, or $0.25 per diluted share, compared to a loss of $8.9 million, or $0.18 per diluted share, in Q3 2024 [5][17] - Adjusted EBITDA from continuing operations was a loss of $4.4 million in Q3 compared to a loss of $2.9 million in the prior year [18] Business Line Data and Key Metrics Changes - Rentals segment revenue was $2.8 million, down 11% sequentially but up 24% year-over-year, with aviation performing well [13][14] - Infrastructure segment revenue declined 13% sequentially to $4.8 million, impacted by operational execution challenges [15] - Sand segment revenue was $2.7 million, down 49% from Q2 and 44% year-over-year, reflecting the Piranha division divestiture and weather-related disruptions [16] - Accommodations revenue increased 29% sequentially to $2.3 million, with solid EBITDA growth [16] Market Data and Key Metrics Changes - Market fundamentals in energy services remain steady, with firm pricing in most basins [7] - Infrastructure demand is benefiting from grid hardening, broadband expansion, and data center investments [8] - The aviation platform is positioned to capture sustained leasing demand in the regional passenger market [8] Company Strategy and Development Direction - The company is focused on transforming and simplifying its portfolio towards higher-return businesses, with a notable emphasis on the drilling segment [4][6] - Capital deployment is disciplined, with investments directed towards aviation assets that generate consistent cash flow [7][8] - The company aims to build a leaner organization centered on sustainable returns rather than scale [6][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced in the sand and infrastructure segments but remains optimistic about the long-term opportunities [10][11] - The company expects improved cash generation and margin recovery in 2026 as transformation initiatives take hold [22][23] - Management emphasizes the importance of operational excellence and strategic capital deployment for future growth [30] Other Important Information - The company maintained a strong balance sheet with $110.9 million in unrestricted cash and total liquidity of approximately $153.4 million [20] - Subsequent to the quarter end, approximately $19.8 million of restricted cash was released, improving the liquidity position [21] Q&A Session Summary Question: Visibility for sand volumes in 2026 - Management expects an increase in sand volumes compared to Q3, with encouraging sales dialogues for 2026 [24][25] Question: Balance sheet details - Cash and marketable securities were about $123 million, excluding $10 million in escrow and $5 to $10 million from land rigs held for sale [26][27] Question: Path to getting the sand business back to free cash flow neutral - Management highlighted several levers, including encouraging sales dialogues and one-time charges related to railcar returns [28][29]

Financial Performance - Total revenue from continuing operations for Q3 2025 was $14.8 million, a decrease of 13.5% from $17.1 million in Q3 2024 and a decrease of 9.8% from $16.4 million in Q2 2025[4] - Net loss from continuing operations for Q3 2025 was $12.1 million, or $0.25 per diluted share, compared to a net loss of $8.9 million, or $0.18 per diluted share, in Q3 2024[5] - Adjusted EBITDA from continuing operations was ($4.4) million for Q3 2025, worsening from ($2.9) million in Q3 2024 and ($2.8) million in Q2 2025[6] - Total revenue for the three months ended September 30, 2025, was $14,801,000, a decrease of 13.8% compared to $17,052,000 for the same period in 2024[28] - The company reported a comprehensive loss of $12,795,000 for the three months ended September 30, 2025, compared to a comprehensive loss of $23,917,000 for the same period in 2024[28] - The company reported a net loss from continuing operations of $(12,058) million for the three months ended September 30, 2025, compared to $(8,865) million in the same period of 2024[38] - The company experienced a total revenue of $46,802 million for the nine months ended September 30, 2025, slightly down from $48,418 million in the same period of 2024, a decrease of approximately 3.3%[34] Segment Performance - Infrastructure services segment revenue increased to $4.8 million in Q3 2025 from $4.4 million in Q3 2024, driven by higher fiber optic activity[7] - Natural sand proppant services segment revenue decreased to $2.7 million in Q3 2025 from $4.9 million in Q3 2024, with sales of approximately 122,000 tons at an average price of $18.26 per ton[9] - Accommodation services segment revenue was $2.3 million in Q3 2025, down from $2.9 million in Q3 2024, with an average of 185 rooms utilized[10] - Drilling services revenue increased to $2.3 million in Q3 2025 from $1.6 million in Q3 2024, attributed to higher utilization[11] - Revenue from external customers for the Rentals segment in the nine months ended September 30, 2025, was $7,744 million, up from $5,594 million in the same period of 2024, reflecting an increase of approximately 38.4%[34] - The Infrastructure segment reported revenue of $14,881 million for the nine months ended September 30, 2025, compared to $13,957 million in 2024, marking an increase of about 6.6%[34] Liquidity and Capital Expenditures - Total liquidity as of September 30, 2025, was $153.4 million, with unrestricted cash and cash equivalents of $98.2 million and no debt[4][13] - As of October 29, 2025, total liquidity increased to $166.7 million, with unrestricted cash on hand of $106.6 million[14] - Capital expenditures for Q3 2025 totaled $17.3 million, primarily for the expansion of the aviation rental fleet[15] Assets and Liabilities - Cash, cash equivalents, and restricted cash at the end of the period was $127,687,000, significantly up from $6,165,000 at the end of the same period in 2024[30] - Total current assets increased to $199,009,000 as of September 30, 2025, compared to $188,587,000 as of December 31, 2024[25] - Total liabilities decreased to $87,510,000 as of September 30, 2025, from $131,213,000 as of December 31, 2024[25] - Total equity decreased to $249,243,000 as of September 30, 2025, from $252,818,000 as of December 31, 2024[25] Expenses - Cost of revenue for the three months ended September 30, 2025, was $14,020 million, compared to $13,433 million in the same period of 2024, an increase of approximately 4.4%[32] - Selling, general and administrative expenses for the three months ended September 30, 2025, totaled $5,160 million, up from $6,561 million in the same period of 2024, a decrease of about 21.4%[32] - The company’s total expenses for the three months ended September 30, 2025, were $18,180 million, compared to $17,994 million in the same period of 2024, reflecting a slight increase[32] Impairment - The company incurred impairment of long-lived assets amounting to $31,669,000 during the nine months ended September 30, 2025[30] Share Information - The weighted average number of shares outstanding for the three months ended September 30, 2025, was 48,358,000, compared to 48,127,000 for the same period in 2024[28] - Adjusted EBITDA for the three months ended September 30, 2025, was $(4,379) million, compared to $(2,942) million for the same period in 2024, indicating a worsening performance[38] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(8,841) million, compared to $(163,272) million in the same period of 2024, indicating a significant decline[38]

Core Insights - Mammoth Energy Services reported a total revenue of $14.8 million for Q3 2025, a decrease from $17.1 million in Q3 2024 and $16.4 million in Q2 2025 [3][4] - The company experienced a net loss from continuing operations of $12.1 million, or $0.25 per diluted share, compared to a loss of $8.9 million, or $0.18 per diluted share, in Q3 2024 [4][22] - Adjusted EBITDA from continuing operations was ($4.4) million for Q3 2025, worsening from ($2.9) million in Q3 2024 [5] Financial Overview - Total liquidity as of September 30, 2025, was approximately $153.4 million, with no debt, providing financial flexibility [3][12] - The infrastructure services segment generated $4.8 million in revenue, up from $4.4 million in Q3 2024, driven by increased fiber optic activity [6] - The rental services segment reported revenue of $2.8 million, an increase from $2.2 million in Q3 2024, attributed to expanded aviation rental offerings [7] - Revenue from natural sand proppant services fell to $2.7 million, down from $4.9 million in Q3 2024, with a decrease in sales volume and average sales price [8] - Accommodation services revenue decreased to $2.3 million from $2.9 million in Q3 2024, with average room utilization dropping [9] - Drilling services revenue increased to $2.3 million from $1.6 million in Q3 2024, primarily due to higher utilization [10] Operational Highlights - Selling, general and administrative expenses decreased to $5.2 million from $6.8 million in Q3 2024, mainly due to lower legal fees [11] - Capital expenditures for Q3 2025 totaled $17.3 million, primarily for the expansion of the aviation rental fleet [14] - As of October 29, 2025, unrestricted cash on hand was $106.6 million, with total liquidity increasing to $166.7 million [13]

Core Insights - Mammoth Energy Services (NASDAQ: TUSK) has shifted its business focus by divesting some infrastructure subsidiaries, which represented approximately 85% to 90% of its infrastructure business, along with its pressure pumping equipment [2] Group 1: Company Changes - The company has sold off significant portions of its infrastructure business, indicating a strategic pivot in operations [2] - The divestiture is part of a broader strategy to refocus on core competencies and potentially enhance shareholder value [2] Group 2: Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is recognized as a top-rated analyst on TipRanks [2] - Chow co-founded a mobile gaming company that was acquired by PENN Entertainment, showcasing his experience in both analytical and entrepreneurial ventures [2]

Core Points - Mammoth Energy Services, Inc. will host a conference call on October 31, 2025, to discuss its third-quarter results for the period ending September 30, 2025 [1][2] - The conference call will start at 11:00 a.m. Eastern Time and will be accessible via the company's website or by phone [2][3] - A telephonic replay of the call will be available until November 7, 2025, and an archived webcast will be accessible shortly after the call [3] Company Overview - Mammoth Energy Services is an integrated, growth-oriented company providing a diversified suite of rental, infrastructure, and energy services across North America [5] - The company's offerings include specialized equipment rentals for aviation, construction, and energy operations, as well as utility infrastructure solutions [5] - Mammoth also provides natural sand proppant for hydraulic fracturing, directional drilling services, and workforce accommodation facilities for large-scale projects in remote locations [5]