Bank7

OKLAHOMA CITY – October 30, 2026 -- Mammoth Energy Services (NASDAQ: TUSK) has secured up to $58 million in senior secured term loans from Bank7 to buy more aviation assets. It is the first debt financing for a portfolio that has so far been funded without borrowing.

Two term loans of $25 million and $33 million carry a 60-day draw window

Mammoth's aviation subsidiaries, Cobra Aviation Services LLC and Leopard Aviation LLC, signed the loan and security agreement on October 28. The facility splits into a $25 million Term Loan A and a $33 million Term Loan B. Each can be drawn during the 60 days after closing, and advances under Term Loan B depend on certain conditions. No amounts were drawn at closing.

The loans carry a floating interest rate and amortize monthly from January 2027. They mature in October 2030. The borrowers' aviation assets secure the facility, and Mammoth guarantees it.

OKLAHOMA CITY – October 30, 2026 -- Mammoth Energy Services (NASDAQ: TUSK) reported third-quarter 2026 revenue from continuing operations of $21.3 million, up 95% from $10.9 million a year earlier, and raised its full-year outlook for the third time this year.

Net income from continuing operations was $0.3 million, or $0.01 per diluted share. That compares with a loss of $12.6 million in the third quarter of 2025 and a loss of $1.2 million in the second quarter of 2026. Adjusted EBITDA reached $5.8 million, against negative $4.8 million a year ago and $2.6 million in the second quarter. The Adjusted EBITDA margin was 27.2%, up from 10.0% in the second quarter and 15.0% for the first nine months. Revenue fell from $26.1 million in the second quarter.