Mammoth Energy (TUSK) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, March 6, 2026 astatine 11:06 AM CST 14 min read

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Friday, March 6, 2026 astatine 11 a.m. ET

• Chief Executive Officer — Mark Layton

• Chief Operating Officer — Bernard Lancaster

Mark Layton: Thank you, Mohammed, and bully morning, everyone. I volition commencement with a little reappraisal of 2025 arsenic a whole, screen 4th fourth results, and past crook it implicit to Bernard Lancaster, our Chief Operating Officer, to locomotion done operational show by segment. I volition past travel backmost to screen the financials and our outlook for 2026, aft which we volition unfastened the enactment for questions. With that, fto maine commencement with 2025. Over the people of the year, we executed 4 large transactions that meaningfully reshaped the company. Collectively, these transactions generated astir $150,000,000 of proceeds, and they bespeak 2 things. First, the worth embedded successful assets we built and operated well.

And second, our willingness to monetize businesses that nary longer acceptable our semipermanent instrumentality objectives. We sold our transmission and organisation and our engineering businesses astatine valuations we judge were attractive. Those were bully businesses, and the prices we achieved bespeak that. We deliberation those outcomes are a nonstop awesome of the worth that exists wrong this company, worth that successful our presumption is not reflected successful wherever the banal presently trades. We besides exited 2 businesses that were not gathering our instrumentality standards. First, we sold our unit pumping equipment, which lacked scale, was superior intensive, and progressively challenged from a rhythm and instrumentality standpoint.

Second, we divested a soil excavation that had go a resistance connected show and did not warrant continued concern based connected logistical challenges with that peculiar excavation and processing plant. Those were the close exits, and we are a leaner, much focused institution due to the fact that of them. At the aforesaid time, 2025 was the twelvemonth we initiated a meaningful enlargement of our level successful aviation rentals. We deployed much than $65,000,000 of superior with the extremity of creating a much stable, recurring gross watercourse with beardown currency travel characteristics. Aviation started the twelvemonth with constricted scale, and it ended the twelvemonth with existent operating standard and a wide way to becoming a halfway net contributor arsenic utilization ramps.

Put simply, 2025 was a deliberate pivot: exit assets without a wide way to sustainable returns and redeploy superior into areas wherever we spot a amended instrumentality profile. Now turning to the 4th quarter. Revenue was $9,500,000 compared to $10,900,000 successful the 3rd 4th of 2025 and $10,000,000 successful the 4th fourth of 2024, a year-over-year diminution of astir 6%. For the afloat year, gross was $44,300,000 versus $45,600,000 successful 2024, down astir 3%, which we presumption arsenic a tenable result fixed the magnitude of portfolio alteration we executed passim the year. Within the quarter, determination were areas that performed well. Rentals, infrastructure, and accommodations each came successful up of our interior gross expectations.