AESI
Atlas Energy Solutions Inc.9.75
-0.29-2.89%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Power visibility solidifies; sand H2 hazy.
Q&A confirmed strong customer visibility for the 240MW power order—high-quality, diversified counterparties with follow-on potential—targeting high-teens unlevered IRRs on bespoke behind-the-meter projects amid grid delays to 2034. Management touted bridge-to-permanent strategy, Moser-honed expertise, and Dune Express-caliber execution as edges. Sand volumes eyed up YoY but H2 opaque on $65 WTI; logistics margins hit lows from bonuses, rebounding to double-digits by Q2. Twinkle dredges to slash OpEx ~$1/ton. Power economics landed hard.
Key Stats
Market Cap
1.62BP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0.1%Recent Filings
8-K
Secures 1.4GW power deal
Atlas Energy Solutions' ProjectCo inked a Global Framework Agreement with Caterpillar on March 4, 2026, securing 1.4 gigawatts of reserved power generation equipment through 2030 for an initial $840 million purchase obligation. Annual $5 million capacity deposits start in 2027, credited to purchases, while price adjustments cap escalations at 8%. Supply locked in. Unallocated gear risks fallback buys if Caterpillar can't re-sell.
10-K
FY2025 results
Atlas Energy Solutions posted FY2025 net loss of $50M amid Permian proppant price erosion to ~$21/ton from $25+ prior year, yet volume rose to 21.6M tons produced (derived). Q4 drove sequential momentum with logistics acceleration via Moser power integration, but margins compressed on higher debt service from $540M term loan. Free cash flow held at $152M despite $148M capex; $68M revolver available. Dividend suspended to fund power growth. Operational hazards remain a key risk.
8-K
2025 results: revenue up, loss
Atlas Energy Solutions reported 2025 revenue of $1.1B, up 3.7% yet swinging to a $50.3M net loss from prior profit, with Adjusted EBITDA dropping to $221.7M. Q4 topped expectations on muted holiday volumes and peak Dune Express use. Power pivot accelerates: 240 MW ordered, eyeing 500 MW by 2027. Q1 2026 EBITDA flat amid weather hit.
8-K
Leases $385M power equipment
Atlas Energy Solutions entered a $385M master lease with Stonebriar for ~240MW power equipment via subsidiary Galt, assigning a prior reservation and securing Company guarantee at 1-Month SOFR + 635bps. ABL lenders amended facilities to permit Galt formation and guarantee. Deal funds power solutions but adds off-balance sheet obligations.
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