Mammoth Energy Services Q2 2025 Results: Revenue Climbs to $15.4M; Net Loss Narrows to $35.7M; EPS Improves to -$0.74
Reuters
Aug 08
Mammoth Energy Services <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Results: Revenue Climbs to $15.4M; Net Loss Narrows to $35.7M; EPS Improves to -$0.74
Mammoth Energy Services, Inc. (NASDAQ: TUSK) has reported its financial and operational results for the second quarter ending June 30, 2025. The company reported a net loss from continuing operations of $35.7 million for the quarter, a significant improvement from the $155.6 million net loss in the same period of 2024. Revenue from Mammoth's infrastructure services segment increased to $5.4 million, compared to $4.5 million in the second quarter of 2024, primarily due to a rise in fiber optic activity. The drilling services division maintained stable revenue at $0.7 million, consistent with the second quarter of 2024, but showed an increase from the first quarter of 2025, attributed to higher utilization. Selling, general, and administrative expenses significantly decreased to $5.3 million from $95.3 million in the same quarter of the previous year. Mammoth Energy executed three pivotal transactions in the quarter, including the sale of three infrastructure subsidiaries for a total of $108.7 million, as part of a strategic transformation towards a more demand-centric portfolio.
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