Mammoth Energy Q3 revenue nearly doubles as aviation leasing expands
TUSK•Mammoth Energy said Q3 revenue nearly doubled year over year and it returned to net profit from a year-earlier loss. It raised its 2026 outlook, expecting revenue growth above 90% and an Adjusted EBITDA margin in the mid-teens.
1. Outlook raised
Mammoth Energy raised its 2026 revenue growth outlook to above 90% and now expects an Adjusted EBITDA margin in the mid-teens. It expects 2027 Adjusted EBITDA to rise more than 40% over 2026.
2. Business drivers
The company said growth in aviation leasing and higher aviation asset utilization drove revenue and profit increases. Positive Adjusted EBITDA in its Sand segment contributed to margin improvement, while higher occupancy in its Accommodation segment supported results. Q3 EPS was $0.01.
