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

Dow Jones

05/12

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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The stock is up 54% year to date. \n</p>\n<p>\n  \"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. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Revenue rose to $22 million from $11.6 million a year earlier, due in part to an increase in aviation revenue. \n</p>\n<p>\n  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. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Christopher Kuo at chris.kuo@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 12:16 ET (16:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然氣設備與服務","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634923512","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634923512","pubTimestamp":1778516160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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