Overview

• US oil and gas services firm's Q1 revenue jumps yr/yr

• Net income from continuing operations swung to profit vs Q1

• Company began share repurchase program and raised full-year adjusted EBITDA outlook

Outlook

• Mammoth raises 2026 outlook, now expects to reach full-year Adjusted EBITDA positive

• Company expects to remain opportunistic with share repurchases going forward

Result Drivers

• AVIATION SALES - Q1 rental services revenue rose sharply, driven by a $10 mln increase in aviation revenue, including a $6.5 mln auxiliary power unit sale

• COST REDUCTIONS - Co said it took meaningful cost out of the structure and SG&A expense fell yr/yr and sequentially

• SAND PRICING MIX - Average price per ton of sand sold declined due to a shift in grade mix

Company press release: ID:nPn1wk8Y1a

Key Details

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