Mammoth Energy Services, Inc.

Mammoth Energy Services, Inc. (TUSK) reported FY 2025 results with a net income of $4.6M, a significant improvement from a net loss of $207.3M in FY 2024. This was driven by a $68.4M net income from discontinued operations, which offset a $63.8M net loss from continuing operations. Total revenue was $44.3M, a slight decrease of 3% year-over-year. The company's continuing operations faced challenges, with an operating loss of $57.4M, primarily due to a $31.7M impairment of long-lived assets and high SG&A costs. However, the balance sheet strengthened with $102.0M in cash and no outstanding debt, and comprehensive income was $5.1M. The year was marked by strategic divestitures, including the sale of infrastructure services entities and natural sand proppant operations, which are now reported as discontinued operations.

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