Mammoth Energy targets margin recovery and improved cash generation in 2026 amid portfolio transformation

Mammoth Energy Services, Inc. (TUSK) reported Q3 2025 revenue of $14.8 million, down from $16.4 million in Q2, with a net loss of $12.1 million. The company is undergoing a transformation plan to enhance cash generation and margins, particularly in the Drilling segment, which saw a 207% revenue increase. CFO Mark Layton anticipates improved cash flow and margin recovery in 2026, driven by strategic asset sales and operational improvements. The company has deployed $40 million to diversify its aviation portfolio and maintains a focus on sustainable returns.