Mammoth Energy Services 3Q 2026: Revenue $21.35M, Net income $126K, EPS $0.01— 10-Q Summary

What happened

Mammoth Energy Services reported third-quarter 2026 revenue of $21.35 million, up 96.7% from $10.85 million a year earlier. Net income was $126,000 versus a $12.62 million loss, and diluted earnings per share were $0.01 versus a loss of $0.26.

Confirmed

Global impact / market context

The swing to a small profit shows higher revenue and cost absorption can flip a loss-making company to positive net income. Aviation leasing, sand sales and room use drove growth, while infrastructure remained pressured by customer loss and lower activity.

Analyst inference

The company had 44 aviation assets, with 29 generating lease revenue, and sand sales volume rose 86%. Average room use rose to 270 from 185. Management points to utilization and capital efficiency, which means getting more income from owned assets and controlling spending.

Analyst inference

What to watch

1. The company expects newly acquired aviation assets to enter service and support growth, after reporting 44 aviation assets with 29 generating lease revenue in the quarter. Confirmed
2. Management said it expects revenue growth and profitability improvement through the remainder of 2026, while prioritizing utilization, margins and capital efficiency, which means profit per sale and efficient spending. Confirmed
3. Watch whether infrastructure revenue stops being pressured by customer loss and lower activity, since that weakness offset growth from aviation leasing, sand sales and accommodation services in the first nine months. Analyst inference

Evidence

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