Mammoth Energy Sells Aquawolf for $30 Million, Optimizing Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: PRnewswire
- Transaction Completion: Mammoth Energy Partners LLC completed the sale of Aquawolf LLC for an aggregate sales price of $30 million, receiving $23.5 million in cash proceeds, which further advances the company's transformation and portfolio optimization initiatives.
- Revenue Growth: Aquawolf's revenue increased from $12.1 million in 2022 to $17.3 million in 2024, with net income rising from $1.1 million to $1.8 million, demonstrating the ongoing growth potential of its business.
- Strategic Value: This transaction not only provides Mammoth with a strong influx of cash but also validates the successful transformation since entering the engineering business in 2018, enhancing its competitive position in the market.
- Future Outlook: Mammoth's CFO stated that this sale reinforces the significant disconnect between the company's underlying value and its current share price, indicating a commitment to continue investing in areas that generate returns and support long-term shareholder value.
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Analyst Views on TUSK
About TUSK
Mammoth Energy Services, Inc. is an integrated, growth-oriented company providing a diversified suite of rental, infrastructure and energy services across North America. The Company's segments include Rentals, Infrastructure, Sand, Accommodations, and Drilling. Rentals segment provides construction, oilfield and aviation rentals to operators in the northeast and Midwest regions of the United States as well as Hawaii. Infrastructure segment provides fiber optic services. Sand segment provides sand mining, processing and selling services for use in hydraulic fracturing. Sand segment primarily services the Utica Shale and Montney Shale in British Columbia and Alberta, Canada. Accommodations segment provides housing, kitchen and dining, and recreational service facilities for oilfield workers located in remote areas away from readily available lodging in northern Alberta, Canada. Drilling segment provides directional drilling services primarily in the Anadarko and Permian Basins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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What Caused Mammoth Energy's 8% Increase in After-Hours Trading?
Stock Surge: Mammoth Energy Services Inc. (TUSK) shares rose 7.65% in after-hours trading to $1.90 following the announcement of a $30 million asset sale, despite a 0.84% decline during regular trading hours.
Asset Sale Details: The company completed the sale of its Aquawolf LLC subsidiary to Qualus LLC for $30 million, receiving $23.5 million in cash at closing, with additional funds held in escrow for potential liabilities.
Management Insights: CFO Mark Layton highlighted the strategic importance of the sale, noting the growth of the Engineering business since 2018 and expressing confidence that the company's value is not reflected in its current share price.
Market Performance: TUSK shares have decreased by 40.77% year-to-date, with a market capitalization of $85.06 million and a 52-week trading range between $1.68 and $3.52.
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