Mammoth Energy Services, Inc. reported its first quarter 2025 financial and operational results on May 7, 2025, demonstrating a significant rebound. Total revenue for Q1 2025 increased by 45% year-over-year to $62.5 million, up from $43.2 million in Q1 2024. The company achieved positive Adjusted EBITDA of $2.7 million, a notable improvement from negative $4.8 million in the prior quarter.
The net loss for the quarter substantially narrowed to $0.5 million, or $0.01 per diluted share, compared to a net loss of $11.8 million, or $0.25 per diluted share, in Q1 2024. All key financial metrics showed incremental growth sequentially from the fourth quarter of 2024. Infrastructure Services revenue grew 23% year-over-year to $30.7 million, and Well Completion Services revenue surged 161% to $20.9 million, with average active fleets increasing to 1.3 from 0.6.
CEO Phil Lancaster highlighted the strength of the first quarter results and the accretive nature of the recent sale of three infrastructure subsidiaries for $108.7 million. As of May 2, 2025, Mammoth's unrestricted cash position surged to $135.4 million, with total liquidity around $202.9 million. The company is focused on improving operational efficiencies and cost structure, while actively evaluating strategic opportunities to deploy its significant capital.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.