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AESI

Atlas Energy Solutions Inc.

AESI

Atlas Energy Solutions Inc. • NYSE
$8.62 ▲ 3.36% (+0.28)
Market Cap $1.07 B
52w High $26.86
52w Low $7.64
Dividend Yield 1.00%
P/E -86.2
Volume 772.53K
Outstanding Shares 123.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $259.613M ▼ $34.321M ▼ $-23.721M ▼ -9.137% ▼ $-0.192 ▼ $29.39M ▼
Q2-2025 $288.676M ▼ $44.946M ▲ $-5.558M ▼ -1.925% ▼ $-0.045 ▼ $55.745M ▼
Q1-2025 $297.591M ▲ $39.197M ▲ $1.219M ▼ 0.41% ▼ $0.01 ▼ $58.639M ▼
Q4-2024 $271.338M ▼ $19.156M ▼ $14.402M ▲ 5.308% ▲ $0.13 ▲ $65.925M ▲
Q3-2024 $304.434M $37.781M $3.918M 1.287% $0.036 $46.242M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $41.349M ▼ $2.233B ▼ $1.01B ▲ $1.223B ▼
Q2-2025 $78.809M ▲ $2.248B ▼ $976.443M ▼ $1.271B ▼
Q1-2025 $68.674M ▼ $2.295B ▲ $993.709M ▲ $1.301B ▲
Q4-2024 $71.704M ▼ $1.973B ▼ $936.096M ▲ $1.037B ▼
Q3-2024 $78.637M $1.973B $927.309M $1.046B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-23.721M ▼ $32.447M ▼ $-56.464M ▼ $-13.443M ▲ $-37.46M ▼ $-1.359M ▼
Q2-2025 $-5.558M ▼ $88.642M ▲ $-40.268M ▲ $-38.239M ▼ $10.135M ▲ $48.374M ▲
Q1-2025 $1.219M ▼ $-7.45M ▼ $-228.502M ▼ $232.922M ▲ $-3.03M ▲ $-59.839M ▼
Q4-2024 $14.402M ▲ $70.853M ▼ $-82.923M ▼ $5.137M ▲ $-6.933M ▲ $-5.578M ▼
Q3-2024 $3.918M $85.189M $-76.276M $-34.999M $-26.086M $-1.087M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $240.00M ▲$140.00M ▼$130.00M ▼$110.00M ▼
Rental Revenue
Rental Revenue
 $0 ▲$10.00M ▲$20.00M ▲$20.00M ▲
Service
Service
 $220.00M ▲$150.00M ▼$150.00M ▲$140.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown very quickly over the last few years, but profits have not kept pace. Earlier years show very strong margins and unusually high profit levels relative to sales, but more recently profit per dollar of revenue has stepped down. Net income is still positive, yet earnings per share have fallen from their earlier peak. This pattern suggests a company that is scaling rapidly, taking on higher operating costs, integration expenses, or pricing pressure as it grows. The core business looks solidly profitable, but not as exceptionally lucrative as it appeared at the start of the ramp-up, and investors should see recent years as a more normal earnings baseline than the early spike.

Balance Sheet

Balance Sheet The balance sheet shows a business that has been building out its asset base aggressively. Total assets have grown significantly as the company invests in infrastructure and related operations. To fund this, debt has risen meaningfully from earlier levels, while shareholder equity has also grown, indicating retained profits and possibly capital raised around the IPO. Cash on hand is modest compared with the size of the asset base, which is typical for a capital-intensive logistics and infrastructure company but means there is less of a cash cushion. Overall, the company appears asset-rich with a manageable but clearly increasing reliance on borrowing, which links future performance more tightly to continued strong operating results.

Cash Flow

Cash Flow The company consistently generates positive cash flow from day‑to‑day operations, which is a key strength. However, it has been spending heavily on long‑term projects and equipment, so free cash flow has recently been negative. In plain terms, the business is earning cash from its activities but plowing even more back into growth projects like infrastructure and power solutions. This reinvestment can support future earnings power, yet it also increases dependence on capital markets and lenders to bridge the gap while major projects are being built and ramped. The cash flow profile is that of a growth-focused infrastructure player rather than a mature cash‑harvesting business.

Competitive Edge

Competitive Edge Atlas appears to have carved out a differentiated position in the Permian Basin by controlling more of the value chain than typical sand providers. Its large-scale conveyor system, integrated mines, and logistics assets are designed to make it a low‑cost, reliable supplier in a region that is central to North American shale activity. Long‑term agreements and deep relationships with major producers strengthen this position, and the scale and cost of replicating such infrastructure create a real barrier to entry. At the same time, the company is heavily concentrated in one basin and tied closely to drilling and completion activity, so its fortunes remain exposed to swings in oil and gas spending even with these advantages.

Innovation and R&D

Innovation and R&D Innovation for Atlas is less about traditional laboratory R&D and more about large‑scale engineering, automation, and systems integration. The electrified conveyor system, autonomous trucking efforts, and on‑site filtration technology all aim to lower costs, improve safety, and enable round‑the‑clock operations. These initiatives, plus the expansion into distributed power solutions, suggest a strategy of building a broader energy logistics and infrastructure platform rather than being just a sand supplier. The upside is a differentiated, more efficient offering that can deepen customer ties; the risk is execution complexity, higher upfront capital needs, regulatory and technology adoption hurdles, and the challenge of integrating multiple advanced systems in a volatile end market.

Summary

Atlas Energy Solutions looks like a rapidly scaled, capital‑intensive logistics and infrastructure company anchored in the Permian Basin. It has moved from a phase of unusually high margins to a more normalized but still profitable earnings profile, while simultaneously building a much larger asset base. Strong operational cash generation and growing equity are positives, but heavy investment and rising debt highlight a trade‑off between growth and financial flexibility. Its vertically integrated model, large conveyor system, and technology‑driven logistics give it a tangible competitive edge, though this advantage is concentrated in one region and tied to cyclical oilfield activity. Overall, Atlas is in a build‑out phase: strategically ambitious, increasingly sophisticated, and operationally profitable, but with elevated execution, cycle, and balance sheet risks that will likely remain in focus as its major projects mature.

NEWS

November 3, 2025 · 4:18 PM UTC

Atlas Energy Solutions Announces Order of 240 Megawatts of Power Generation Equipment to Provide Long-term Power Solutions

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November 3, 2025 · 4:15 PM UTC

Atlas Energy Solutions Announces Third Quarter 2025 Results and Suspension of Quarterly Common Stock Dividend

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October 17, 2025 · 3:10 PM UTC

CORRECTING and REPLACING Atlas Announces Timing of Third Quarter 2025 Earnings Release and Conference Call

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October 17, 2025 · 2:00 PM UTC

Atlas Announces Timing of Third Quarter 2025 Earnings Release and Conference Call

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September 24, 2025 · 4:05 PM UTC

Kodiak Completes Business Combination with Ares Acquisition Corporation II to Accelerate Journey as a Leading AI-Powered Autonomous Vehicle Technology Company

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