First quarter earnings at Mammoth Energy Services, Inc. in Oklahoma City will be released in a few weeks.
The energy firm plans a release on Monday, May 11 followed by a 10 a.m. Central Time conference call where the results of the first quarter ending March 31 will be discussed.
Mammoth Energy finished 2025’s fourth quarter with total revenue from continuing operations of $9.5 million, down from the $10 million in the fourth quarter of 2024 and the third quarter of 2025.
For all of 2025, Mammoth Energy had total revenue of $44.3 million, not quite the $45.6 million in 2024.
Its fourth quarter net loss grew from $9.6 million a year earlier to $12.3 million or 26 cents a share. Net loss for all of 2025 fell from $183.1 million or $3.81 per share in 2024 to $63.8 million or $1.32 per share in 2025.
Company changes made in 2025
Mark Layton, Mammoth’s Chief Financial officer called 2025 a “transformative year” for the company.
“We made the deliberate decision to reshape our portfolio, with four divestitures generating in excess of $150 million in cash proceeds. These transactions strengthened our balance sheet, pruned non-performing businesses and gave us the financial flexibility to invest in higher-return opportunities. Most notably, we deployed over $65 million into our aviation platform at an attractive entry point — a business we continue to view as high-growth and scalable — and we remain committed to using our available liquidity to make additional accretive investments across our current portfolio that create long-term shareholder value.”
The approaching first quarter results will show whether the divestitures and reshaping of Mammoth’s portfolio produced the kind of economic steps company leaders had hoped to obtain.
Mammoth Energy Services was formed in 2014 through the assembly of several energy and infrastructure service companies under the umbrella of Wexford Capital LP, a private equity firm. Its consolidation included entities such as Redback Energy Services Inc., Bison Drilling and Field Services LLC, and Stingray Energy Services. Inc.
Headquarters were set in Oklahoma City since it was considered a key area in the energy sector. Arty Straehla was named Chief Executive Officer in the early stages and guided the company through its initial public offering.