Revenue: As of FY2026 Q1, the actual value is USD 22.03 M.EPS: As of FY2026 Q1, the actual value is USD 0.11.EBIT: As of FY2026 Q1, the actual value is USD 5.625 M.<h4>Overall Financial Performance (Continuing Operations)</h4><ul><li>Total Revenue: Mammoth Energy Services, Inc. reported total revenue from continuing operations of $22.0 million for the first quarter of 2026, an increase from $11.6 million in the first quarter of 2025 and $9.5 million in the fourth quarter of 2025.</li><li>Net Income (Loss) from Continuing Operations: Net income from continuing operations was $4.7 million for the first quarter of 2026, compared to a net loss of - $2.2 million in the first quarter of 2025 and a net loss of - $12.3 million in the fourth quarter of 2025.</li><li>Adjusted EBITDA from Continuing Operations: Adjusted EBITDA from continuing operations was $1.9 million for the first quarter of 2026, an improvement from - $2.3 million in the first quarter of 2025 and - $6.8 million in the fourth quarter of 2025.</li><li>Net Income (Loss) per Diluted Share from Continuing Operations: Net income per diluted share from continuing operations was $0.10 for the first quarter of 2026, compared to a net loss of - $0.05 per diluted share in the first quarter of 2025 and - $0.26 per diluted share in the fourth quarter of 2025.</li></ul><h4>Segment Revenue (from external customers)</h4><ul><li>Rental Services and Aviation Sales: This segment contributed $12.9 million in revenue for the first quarter of 2026, significantly up from $1.9 million in the first quarter of 2025 and $3.3 million in the fourth quarter of 2025. The increase was primarily driven by a $10.0 million increase in aviation revenue, including a $6.5 million sale of an auxiliary power unit. The average number of pieces of equipment rented was 389 in Q1 2026, compared to 231 in Q1 2025 and 328 in Q4 2025.</li><li>Infrastructure Services: Revenue for this segment was $0.3 million in the first quarter of 2026, down from $0.7 million in the first quarter of 2025 and $1.2 million in the fourth quarter of 2025.</li><li>Natural Sand Proppant Services: This segment generated $3.9 million in revenue for the first quarter of 2026, compared to $6.7 million in the first quarter of 2025 and $1.7 million in the fourth quarter of 2025. The company sold approximately 156,000 tons of sand at an average price of $19.49 per ton in Q1 2026, versus 189,000 tons at $21.49 per ton in Q1 2025, and 92,000 tons at $18.56 per ton in Q4 2025.</li><li>Accommodation Services: Revenue was $3.5 million for the first quarter of 2026, up from $2.1 million in the first quarter of 2025 and $2.8 million in the fourth quarter of 2025. An average of 275 rooms were utilized in Q1 2026, compared to 179 in Q1 2025 and 232 in Q4 2025.</li><li>Drilling Services: This segment’s revenue was $1.4 million for the first quarter of 2026, an increase from $0.2 million in the first quarter of 2025 and $0.5 million in the fourth quarter of 2025.</li></ul><h4>Operational Costs</h4><ul><li>Selling, General and Administrative (SG&amp;A) Expense: SG&amp;A expense was $3.6 million for the first quarter of 2026, compared to $4.1 million in the first quarter of 2025 and $5.7 million in the fourth quarter of 2025.</li><li>Depreciation, Depletion, Amortization and Accretion: These expenses totaled $3.5 million for the first quarter of 2026, compared to $2.1 million in Q1 2025 and $2.6 million in Q4 2025.</li><li>Gains on Disposal of Assets, Net: Mammoth Energy Services, Inc. recognized a gain of $674 thousand from disposal of assets in the first quarter of 2026, compared to a gain of $3.5 million in Q1 2025 and a loss of - $304 thousand in Q4 2025.</li></ul><h4>Liquidity</h4><ul><li>As of March 31, 2026, Mammoth Energy Services, Inc. had $92.7 million in unrestricted cash and cash equivalents and $32.4 million in marketable securities, totaling $125.1 million.</li><li>The revolving credit facility was undrawn, with $45.0 million of available borrowing capacity after accounting for $5.0 million in outstanding letters of credit.</li><li>As of May 6, 2026, the company had $56.0 million in unrestricted cash, $32.6 million in marketable securities, and $40.4 million of available borrowing capacity under its revolving credit facility.</li></ul><h4>Capital Expenditures</h4><ul><li>Total capital expenditures were $11.7 million for the first quarter of 2026, significantly higher than $462 thousand in Q1 2025 and $25.9 million in Q4 2025.</li><li>Capital Expenditures by Segment (Q1 2026): Rental services accounted for $9.3 million (primarily for aviation rental fleet expansion), Infrastructure services for $1.9 million (primarily for fiber optic fleets), Natural sand proppant services for $235 thousand, Accommodation services for $201 thousand, and Drilling services had no capital expenditures.</li></ul><h4>Cash Flow from Operating Activities</h4><ul><li>Net Cash Used in Operating Activities from Continuing Operations: Mammoth Energy Services, Inc. reported - $2.8 million in net cash used in operating activities from continuing operations for the first quarter of 2026, compared to - $466 thousand in Q1 2025.</li><li>Net Cash Used in Operating Activities from Discontinued Operations: This figure was - $281 thousand for the first quarter of 2026, compared to $3.2 million provided by operating activities from discontinued operations in Q1 2025.</li><li>Net Cash Used in Operating Activities (Total): Overall, the company used - $3.0 million in net cash from operating activities in the first quarter of 2026, compared to $2.7 million provided in Q1 2025.</li></ul><h4>Outlook / Guidance</h4><ul><li>Mammoth Energy Services, Inc. is raising its 2026 outlook and now expects to achieve full-year Adjusted EBITDA positive in 2026. Management indicates that the business is progressing positively and they are committed to continued execution.</li></ul>

Mammoth Energy | 8-K: FY2026 Q1 Revenue: USD 22.03 M