Mammoth Energy Services (TUSK) AI Stock Analysis

• Market Cap: $126.09M
• Dividend Yield: N/A
• Average Volume (3M): 229.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: -39.28%
• EPS Growth: -6578.79%
• Country: US
• Employees: 639
• Sector: Industrials
• Sector Strength: 74
• Industry: Conglomerates
• EPS (TTM): -4.31
• Shares Outstanding: 48,127,370
• 10 Day Avg. Volume: 385,954
• 30 Day Avg. Volume: 229,961
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.56
• Price to Cash Flow (P/CF): 0.20
• P/FCF Ratio: 0.20
• Enterprise Value/Market Cap: 0.64
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 2.20
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4.20
• Price Target Upside: 60.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Mammoth Energy Services faces significant financial challenges, including declining revenues and persistent losses, which drive the overall score down. The technical indicators reflect bearish momentum, and the valuation is unattractive due to negative profitability. However, the strategic corporate events provide some optimism, suggesting potential for improvement.

Mammoth Energy Services Business Overview & Revenue Model

Company Description

Mammoth Energy Services, Inc. operates as an energy service company. The company operates in four segments: Infrastructure Services, Well Completion Services, Natural Sand Proppant Services, and Drilling Services. The Infrastructure Services segment offers a range of services on electric transmission and distribution, and networks and substation facilities, including engineering, design, construction, upgrade, maintenance, and repair of high voltage transmission lines, substations, and lower voltage overhead and underground distribution systems; storm repair and restoration services; and commercial services comprising installation, maintenance, and repair of commercial wiring. The Well Completion Services segment provides high-pressure hydraulic fracturing services to enhance the production of oil and natural gas from formations having low permeability, and sand hauling and water transfer services. The Natural Sand Proppant Services segment is involved in mining, processing, and selling natural sand proppant used for hydraulic fracturing; buying processed sand from suppliers on the spot market and reselling that sand; and providing logistics solutions to facilitate delivery of frac sand products. The Drilling Services segment offers contract land and directional drilling services, as well as rig moving services. The company also offers other services, including aviation, coil tubing, pressure control, flowback, cementing, acidizing, equipment rental, crude oil hauling, full-service transportation, and remote accommodation services, as well as equipment manufacturing, and infrastructure engineering and design. It serves government-funded utilities, private and public investor owned utilities, co-operative utilities, independent oil and natural gas producers and land-based drilling contractors in the United States and Canada. Mammoth Energy Services, Inc. was incorporated in 2016 and is headquartered in Oklahoma City, Oklahoma.

How the Company Makes Money

Mammoth Energy Services generates revenue through several key streams. Primarily, the company earns money by providing oilfield services such as drilling and pressure pumping to energy producers, which are critical for the extraction and production of oil and natural gas. Additionally, the company offers infrastructure services, which include the construction and maintenance of energy infrastructure like power lines and substations, particularly in regions impacted by natural disasters. This segment often involves contracts with government entities or utility companies. Energy logistics, another revenue stream, involves the transportation and storage of energy products, ensuring their availability and distribution. Furthermore, strategic partnerships and contracts with government agencies and large energy companies significantly contribute to the company's earnings, providing a steady flow of projects and revenue.

Mammoth Energy Services Financial Statement Overview

Summary

Mammoth Energy Services is experiencing significant financial challenges, with declining revenues and persistent losses. Although cash flow generation has improved and debt has been significantly reduced, the shrinking asset base and negative profitability metrics suggest ongoing operational difficulties.

Income Statement

Mammoth Energy Services shows declining revenue trends with a significant drop from $625 million in 2019 to $187 million in 2024. The company has consistently struggled with profitability, as indicated by negative net income and EBIT across several years. The gross profit margin has also deteriorated, reflecting operational inefficiencies.

Balance Sheet

The company has managed to reduce total debt from $123 million in 2019 to $6 million in 2024, indicating effective debt management. However, the decline in total assets and stockholders' equity points to shrinking business size and potential challenges in maintaining operations. The equity ratio remains strong, but the return on equity is negative due to persistent net losses.

Cash Flow

Operating cash flow has improved significantly, reaching $180 million in 2024 from negative figures in 2019, highlighting improved cash generation capabilities. Free cash flow has also seen growth, supported by reduced capital expenditures. However, the volatile nature of cash flows over the years poses a risk to consistent cash availability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
187.93M	309.49M	362.09M	228.96M	313.08M
	Gross Profit
36.46M	61.65M	83.50M	30.64M	81.06M
	EBIT
-128.71M	-16.68M	20.59M	-126.08M	-46.51M
	EBITDA
-213.95M	70.44M	43.95M	-39.41M	-19.06M
	Net Income Common Stockholders
-207.33M	-3.16M	-619.00K	-101.43M	-107.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
60.97M	16.56M	17.28M	11.66M	16.57M
	Total Assets
384.03M	698.48M	724.68M	720.89M	824.56M
	Total Debt
6.24M	63.26M	93.88M	98.57M	102.50M
	Net Debt
-54.73M	46.71M	76.60M	88.67M	87.68M
	Total Liabilities
131.21M	238.38M	262.06M	257.67M	261.24M
	Stockholders Equity
252.82M	460.10M	462.62M	463.22M	563.33M
Cash Flow		Free Cash Flow
163.65M	11.99M	2.53M	-24.71M	130.00K
	Operating Cash Flow
180.72M	31.39M	15.27M	-18.86M	6.97M
	Investing Cash Flow
-10.43M	-8.79M	-2.12M	5.51M	-2.29M
	Financing Cash Flow
-112.11M	-15.59M	-5.60M	8.43M	4.27M

Mammoth Energy Services Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.62
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TUSK, the sentiment is Neutral. The current price of 2.62 is above the 20-day moving average (MA) of 2.29, above the 50-day MA of 2.31, and below the 200-day MA of 3.27, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 58.17 is Neutral, neither overbought nor oversold. The STOCH value of 85.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TUSK.

Mammoth Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$4.27B	11.36	5.38%	214.64%	4.14%	-9.01%
SEB	62 Neutral	$2.50B	28.45	1.88%	0.35%	-4.83%	-55.63%
SPLP	55 Neutral	$593.65M	2.78	25.02%	―	6.37%	86.42%
MATW	49 Neutral	$636.10M	―	-13.19%	4.77%	-7.12%	-284.19%
TUSK	48 Neutral	$126.09M	―	-58.16%	―	-39.28%	-6578.79%
FIP	47 Neutral	$500.36M	―	-32.63%	2.75%	3.44%	-52.51%
NNBR	39 Underperform	$94.75M	―	-20.64%	―	-5.11%	17.87%

Mammoth Energy Services Corporate Events

Mammoth Energy Sells Subsidiaries to Peak Utility

On April 11, 2025, Mammoth Energy Services‘ subsidiary, Lion Power Services LLC, sold its equity interests in 5 Star Electric, Higher Power Electrical, and Python Equipment to Peak Utility Services Group for $108.7 million. This transaction, which includes CEO Phil Lancaster transitioning to Peak, is expected to unlock significant value for Mammoth, enhancing its cash position to $160 million and expanding its investment opportunities. Additionally, Mammoth purchased eight small passenger aircraft for $11.5 million, aiming to diversify and grow its rental services fleet. The company also amended its revolving credit agreement to allow stock repurchases and broaden investment opportunities, reflecting its strategic growth and financial improvement.

Spark’s Take on TUSK Stock

According to Spark, TipRanks’ AI Analyst, TUSK is a Neutral.

Mammoth Energy Services’ stock is weighed down by significant financial challenges, including declining revenues and persistent losses. While there are positives, such as improved cash flow and debt reduction, these are overshadowed by ongoing operational difficulties. Technical indicators suggest bearish momentum, and the valuation remains unattractive due to negative profitability. The earnings call highlights potential improvements for 2025, but the overall outlook remains cautious.

To see Spark’s full report on TUSK stock, click here.