Mammoth Energy Services, Inc. reported its second quarter 2025 financial and operational results on August 8, 2025, with total revenue from continuing operations at $16.4 million, a slight increase from $16.0 million in Q2 2024. The company's net loss from continuing operations significantly narrowed to $35.7 million, or $0.74 per diluted share, compared to a $155.6 million loss, or $3.24 per diluted share, in Q2 2024, primarily due to the absence of a large PREPA-related charge from the prior year. Adjusted EBITDA from continuing operations was negative $2.8 million.
Mark Layton, Chief Financial Officer, highlighted the execution of three pivotal transactions during the quarter: the sale of three infrastructure subsidiaries for $108.7 million, the purchase of eight small passenger aircraft for $11.5 million, and the sale of hydraulic fracturing equipment for $15 million. These actions are repositioning Mammoth towards a more demand-centric portfolio. Infrastructure Services revenue increased to $5.4 million, driven by fiber optic activity, and Rental Services revenue grew to $3.1 million, benefiting from expanded aviation offerings.
As of June 30, 2025, Mammoth maintained a strong liquidity position with $127.3 million in unrestricted cash and $194.8 million in total liquidity. The company's capital expenditures for the quarter totaled $26.9 million, primarily allocated to the expansion of its aviation rental fleet. Management emphasized its commitment to value creation, utilizing its robust cash position to pursue strategic, value-enhancing transactions and organic growth across its diversified operations.
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