Mammoth Energy Services (NASDAQ:TUSK) reported a sharp rebound in first-quarter 2026 results, with executives describing the period as an “inflection point” after several quarters of portfolio restructuring, cost reductions and operational fixes.
Chief Financial Officer Mark Layton said first-quarter revenue rose to $22 million, up 90% from a year earlier and 133% sequentially. Adjusted EBITDA from continuing operations was positive $1.9 million, compared with a loss of $6.8 million in the fourth quarter of 2025 and a loss of $2.3 million in the prior-year period. Layton said it was Mammoth’s first positive adjusted EBITDA quarter in eight quarters.
