Shares of Mammoth Energy Up After Posting 1Q Profit as Business Changes Payoff

Dow Jones05-12

By Christopher Kuo

Shares of Mammoth Energy Up After Posting 1Q Profit as Business Changes Payoff

By Christopher Kuo

Mammoth Energy Services shares rose after the company swung to a profit in its first quarter.

Shares of the oilfield service company climbed 19% on Monday to $2.84. The stock is up 54% year to date.

"We've simplified the portfolio, allocated capital towards high returns businesses, and taken meaningful cost out of the structure - and we're starting to see that come through in the results," said Chief Financial Officer Mark Layton.

The company on Monday posted a profit of $5.2 million, or 11 cents a share, compared with a loss of $537,000 , or 1 cent a share, a year earlier.

Revenue rose to $22 million from $11.6 million a year earlier, due in part to an increase in aviation revenue.

The company raised its full-year outlook for 2026. It now expects adjusted earnings before interest, taxes, depreciation and amortization to be positive for 2026.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 11, 2026 12:16 ET (16:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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