MAMMOTH ENERGY SERVICES, INC.
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 7, 2026
TUSK$3.27+6.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| REVENUE · (in thousands, except per share amounts) | ||||
| Services revenue | $15,882 | $6,402 | $27,052 | $11,216 |
| Services revenue - related parties | 197 | 575 | 694 | 652 |
| Product revenue | 9,975 | 5,376 | 20,339 | 12,115 |
| Total revenue | 26,054 | 12,353 | 48,085 | 23,983 |
| COST, EXPENSES AND GAINS | ||||
| Services cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $3,958, $6,999, $1,414 and $2,621 for the three and six months ended June 30, 2026 and 2025, respectively) | 9,488 | 5,744 | 15,742 | 10,239 |
| Services cost of revenue - related parties | — | 96 | — | 192 |
| Product cost of revenue (exclusive of depreciation, depletion, amortization and accretion of $676, $1,105, $1,413 and $2,289 for the three and six months ended June 30, 2026 and 2025, respectively) | 9,713 | 5,263 | 19,966 | 10,738 |
| Selling, general and administrative | 4,232 | 4,958 | 7,828 | 9,074 |
| Depreciation, depletion, amortization and accretion | 4,634 | 2,827 | 8,104 | 4,910 |
| Gains on disposal of assets, net | (4,641) | (1,077) | (5,316) | (4,549) |
| Impairment of long-lived assets | — | 31,669 | — | 31,669 |
| Total cost, expenses and gains, net | 23,426 | 49,480 | 46,324 | 62,273 |
| Operating income (loss) | 2,628 | (37,127) | 1,761 | (38,290) |
| OTHER INCOME (EXPENSE) | ||||
| Interest (expense) income, net | (784) | 298 | (270) | 383 |
| (Loss) gain on marketable securities, net | (1,116) | — | 5,987 | — |
| Other expense, net | (73) | (628) | (682) | (960) |
| Total other (expense) income, net | (1,973) | (330) | 5,035 | (577) |
| Net income (loss) from continuing operations before income taxes | 655 | (37,457) | 6,796 | (38,867) |
| Provision (benefit) for income taxes | 1,853 | (934) | 3,309 | (97) |
| Net (loss) income from continuing operations | (1,198) | (36,523) | 3,487 | (38,770) |
| Net income from discontinued operations, net of income taxes | 438 | 45,371 | 940 | 47,081 |
| Net (loss) income | $(760) | $8,848 | $4,427 | $8,311 |
| OTHER COMPREHENSIVE INCOME (LOSS) | ||||
| Foreign currency translation adjustment | $(213) | $478 | $(331) | $497 |
| Other comprehensive (loss) income | (213) | 478 | (331) | 497 |
| Comprehensive (loss) income | $(973) | $9,326 | $4,096 | $8,808 |
| Net income (loss) per share from continuing operations, basic and diluted (Note 14) | $(0.02) | $(0.76) | $0.07 | $(0.80) |
| Net income per share from discontinued operations, basic and diluted (Note 14) | 0.01 | 0.94 | 0.02 | 0.98 |
| Net (loss) income per share, basic and diluted (Note 14) | $(0.01) | $0.18 | $0.09 | $0.18 |
| Weighted average number of shares outstanding, basic and diluted (Note 14) | 48,164 | 48,225 | 48,247 | 48,188 |
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