Mammoth Energy reports losses in 2025 despite portfolio reshaping

The Oklahoma-based company saw net losses in Q4 and the full year as it worked to transform its business.

Published on Mar. 9, 2026

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Despite a deliberate decision in 2025 to reshape its portfolio, Mammoth Energy Services reported losses in the fourth quarter and for the full year. The Oklahoma City-based company reported a $12.3 million net loss in Q4 and a $63.8 million loss for the full year of 2025.

Why it matters

Mammoth's financial struggles in 2025 highlight the challenges facing energy services companies as they navigate market volatility and work to transform their businesses. The company's efforts to divest underperforming assets and invest in higher-growth opportunities like its aviation platform reflect broader industry trends.

The details

Mammoth's Chief Financial Officer, Mark Layton, called 2025 a 'transformative year' for the company as it made divestitures generating over $150 million in cash proceeds. However, the company's Q4 operational execution fell short of expectations, and improving execution across its segments is a top priority. Mammoth saw declines in revenue and adjusted EBITDA in 2025 compared to the prior year, with its natural sand proppant services and accommodation services segments seeing the biggest drops.

  • Mammoth reported its Q4 2025 and full-year 2025 financial results in March 2026.

The players

Mammoth Energy Services

An Oklahoma City-based energy services company that reported losses in 2025 despite efforts to reshape its portfolio.

Mark Layton

Mammoth's Chief Financial Officer, who called 2025 a 'transformative year' for the company.

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What they’re saying

“We made the deliberate decision to reshape our portfolio, with four divestitures generating in excess of $150 million in cash proceeds. These transactions strengthened our balance sheet, pruned non-performing businesses and gave us the financial flexibility to invest in higher-return opportunities.”

— Mark Layton, Chief Financial Officer (okenergytoday.com)

“Q4 operational execution was not at the level we expect of ourselves, and improving execution across our segments is our top priority — it is the clearest path to unlocking the value embedded in this business.”

— Mark Layton, Chief Financial Officer (okenergytoday.com)

What’s next

Mammoth's leadership team is focused on improving operational execution across the company's business segments in 2026 to deliver better financial results.

The takeaway

Mammoth Energy's struggles in 2025 highlight the ongoing challenges facing energy services firms as they work to transform their businesses and adapt to market conditions. The company's efforts to reshape its portfolio and invest in higher-growth areas like aviation reflect broader industry trends, but operational execution remains a key priority.