In this study, the dynamic mechanical properties of red sandstone at low temperatures were studied by performing SHPB dynamic impact tests. According to damage and energy theories, the influences of different low temperatures on the dynamic strength, damage variable, and energy dissipation of red sandstone were analyzed. Combined with a fracture morphology analysis, the deterioration mechanism of the dynamic mechanical strength of red sandstone was deduced at lower negative temperatures. The research results showed that lower negative temperatures (<−30 °C) caused "frostbite" in red sandstone, which resulted in a sharp reduction in the macroscopic, dynamic mechanical strength of rock under high strain. Transient engineering disasters can easily occur under such a dynamic disturbance. According to the fracture morphology analysis, low temperatures generated a large number of cracks at the interface between the components of red sandstone. The plastic deformation ability of the crack tip was poor, and stability loss and expansion under high strain rate were readily achieved, resulting in low-stress brittle failure. However, due to the complex mineral composition of the cementitious materials, they were more susceptible to low temperature. Therefore, under the double action of dynamic load and low temperatures, it was found that damage occurred in the cementitious materials first, and then fracture of the red sandstone as a whole resulted. [ABSTRACT FROM AUTHOR]