Quarterly report [Sections 13 or 15(d)]

Organization and Nature of Business

v3.26.3
Organization and Nature of Business
9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Nature of Business Organization and Nature of Business
Mammoth Energy Services, Inc., together with its subsidiaries ("Mammoth" or the "Company"), is a growth-oriented company that provides products and services to customers in the aviation, utility infrastructure and oil and natural gas industries. The Company operates through five reportable segments: rental services, infrastructure services, natural sand proppant services, accommodation services and drilling services. Refer to Note 19 for segment information. The Company was incorporated in Delaware in June 2016.

On April 11, 2025, the Company completed a transaction to sell a portion of its infrastructure services entities, including its distribution, transmission and substation operations, for aggregate proceeds of $108.7 million. Subsequently, on June 16, 2025, the Company sold all of the equipment previously used in its hydraulic fracturing services for $15.0 million. In addition, on December 2, 2025, the Company completed a transaction to sell its engineering business for $30.0 million. These transactions reflect a strategic shift in the Company’s business. Results of operations, financial position and cash flows for these services are reported as discontinued operations for all periods presented and discussed in this report. Refer to Note 4 for further information.