Mammoth Energy Services: There Are Good Reasons Behind Its Cheap Valuation

Mammoth Energy Services has rallied 72% YTD, driven by improved performance and a major business restructuring. TUSK's pivot to aircraft rentals now generates 59% of Q1 2026 revenue, supporting a near doubling of total revenue and return to profitability. Management guides for 60%+ revenue growth and positive adjusted EBITDA in 2026, with SG&A costs expected to drop sharply.