MAMMOTH ENERGY SERVICES, INC. (TUSK) FY2025 10-K Annual Report

Filed: Mar 6, 2026
Energy
Oil & Gas Field Services, NECSEC EDGAR

MAMMOTH ENERGY SERVICES, INC. (TUSK) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 6, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

MAMMOTH ENERGY SERVICES, INC. FY2025 10-K Analysis

Business Overview

  • Core business model: Mining, processing, and selling Northern White frac sand primarily from Taylor and Piranha mines in Wisconsin
  • New strategic action: Sold idled Muskie facility in January 2026, exiting that production segment and reducing non-core assets
  • Competitive positioning: Taylor mine’s proven frac sand reserves at 22.1 million tons with processing capacity of 2.2 million tons/year, advantaged by superior sand quality and rail access
  • Quantitative metric: Total sand mined increased 21% to 661,000 tons in 2025 from 545,000 tons in 2024 driven by Piranha’s production jump from 53,000 to 136,000 tons
  • Noteworthy fact: Muskie plant idled since September 2018 with zero carrying value as of December 31, 2025, reflecting adverse market conditions and asset impairment

Management Discussion & Analysis

  • Revenue and profitability details not disclosed in provided text
  • No segment performance data available
  • Cash flow, buybacks, dividends, and capex information not included
  • Forward-looking statements indicate uncertainty, no specific guidance or risk details provided

Risk Factors

  • Legal risk: PREPA bankruptcy proceedings in U.S. District Court for Puerto Rico, $20M outstanding payable due within seven days post-PREPA plan approval
  • Macroeconomic risk: Temporary shutdown of crude oil hauling, cementing, acidizing, drilling due to reduced demand, impacting operations and workforce size
  • Supply chain risk: $70M 2025 capex mainly for aircraft and equipment in rental services, essential for operations and growth investments
  • Market disruption risk: Potential acquisitions in renewable energy and Wexford-related entities pose integration and capital allocation uncertainties
  • Financial risk: $170.7M non-cash pre-tax charge in 2024 for PREPA receivable impairment, reflecting credit loss and interest adjustments impacting liquidity

MAMMOTH ENERGY SERVICES, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$44M

-76.4% YoY

Net Income

$5M

+102.2% YoY

Operating Margin

-129.7%

-6118bp YoY

Net Margin

10.4%

+12070bp YoY

ROE

1.8%

+8379bp YoY

Total Assets

$335M

-12.8% YoY

EPS (Diluted)

$0.10

+102.3% YoY

Operating Cash Flow

-$19M

-110.3% YoY

Source: XBRL data from MAMMOTH ENERGY SERVICES, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

Get deeper insights on MAMMOTH ENERGY SERVICES, INC.

Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.