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Atlas Energy Solutions Inc. produces proppants and provides logistics and distributed power solutions in the Permian Basin of West Texas and New Mexico. It operates through two segments: Sand and Logistics, and Power. The Sand and Logistics segment operates fourteen proppant production facilities, including large-scale in-basin plants and a distributed mining network. This segment sells products and services primarily to oil and natural gas exploration and production companies, hydraulic fracturing services, and oilfield services companies; and produces locally sourced proppants, such as 40/70-mesh and 100-mesh sand, as well as both dry and damp sand options. It also offers a differentiated logistics platform featuring a fleet of fit-for-purpose trucks, trailers, wellsite equipment, and a 42-mile Dune Express conveyor system for proppant delivery. The Power segment provides distributed power solutions through a fleet of natural gas-powered reciprocating generators designed for heavy-duty, mission-critical applications, primarily supporting oil and gas production and artificial lift operations. The company also offers transportation, storage, contract labor, and distributes power rentals to the oil and gas industry. Atlas Energy Solutions Inc. formerly known as New Atlas HoldCo. Inc. Atlas Energy Solutions Inc. was founded in 2017 and is headquartered in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | $179M | $-50M | $-31M | -4.2% | 3.7% | -183.9% |
| 2024 | $1.1B | $229M | $60M | $-118M | 5.8% | 72.0% | -62.5% |
| 2023 | $614M | $307M | $160M | $-66M | 18.4% | 27.2% | -26.3% |
| 2022 | $483M | $263M | $217M | $116M | 42.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 482.72 | 613.96 | 1,055.96 | 1,095.31 |
| Operating Revenue | - | 482.72 | 613.96 | 1,055.96 | 1,095.31 |
| Cost Of Revenue | - | 226.42 | 300.19 | 823.94 | 944.64 |
| Gross Profit | - | 256.31 | 313.77 | 232.01 | 150.67 |
| Operating Expense | - | 24.32 | 48.64 | 118.56 | 167.15 |
| Selling General And Administration | - | 24.32 | 48.61 | 106.22 | 138.83 |
| Total Expenses | - | 250.73 | 348.83 | 942.51 | 1,111.80 |
| Operating Income | - | 231.99 | 265.13 | 113.45 | -16.49 |
| Total Operating Income As Reported | - | 231.99 | 265.13 | 113.88 | -10.91 |
| EBITDA | - | 263.24 | 307.19 | 228.95 | 178.82 |
| Normalized EBITDA | - | 263.24 | 307.19 | 228.52 | 173.25 |
| EBIT | - | 234.62 | 265.56 | 114.43 | -10.18 |
| Interest Expense | - | 15.76 | 7.69 | 38.65 | 58 |
| Net Interest Income | - | -15.76 | -7.69 | -38.65 | -58 |
| Other Non Operating Income Expenses | - | 2.63 | 0.43 | 0.55 | 0.73 |
| Other Income Expense | - | 2.63 | 0.43 | 0.98 | 6.30 |
| Interest Expense Non Operating | - | 15.76 | 7.69 | 38.65 | 58 |
| Net Non Operating Interest Income Expense | - | -15.76 | -7.69 | -38.65 | -58 |
| Pretax Income | - | 218.86 | 257.87 | 75.78 | -68.18 |
| Tax Provision | - | 1.86 | 31.38 | 15.84 | -17.88 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0.09 | 1.46 |
| Net Income Continuous Operations | - | 217.01 | 226.49 | 59.94 | -50.30 |
| Net Income From Continuing And Discontinued Operation | - | 217.01 | 159.99 | 59.94 | -50.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 217.01 | 159.99 | 59.94 | -50.30 |
| Net Income | - | 217.01 | 159.99 | 59.94 | -50.30 |
| Net Income Common Stockholders | - | 217.01 | 105.43 | 59.94 | -50.30 |
| Net Income Including Noncontrolling Interests | - | 217.01 | 226.49 | 59.94 | -50.30 |
| Normalized Income | - | 217.01 | 159.99 | 59.61 | -54.42 |
| Diluted NI Availto Com Stockholders | - | 217.01 | 105.43 | 59.94 | -50.30 |
| Basic Average Shares | 57.15 | 57.15 | 70.45 | 108.24 | - |
| Diluted Average Shares | 57.15 | 57.15 | 71.04 | 109.18 | - |
| Reconciled Depreciation | - | 28.62 | 41.63 | 114.52 | 189.01 |
| Reconciled Cost Of Revenue | - | 197.80 | 258.56 | 721.74 | 779.18 |
| Total Unusual Items | - | 0 | 0 | 0.43 | 5.58 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | 0.43 | 5.58 |
| Minority Interests | - | - | -66.50 | - | - |
| Special Income Charges | - | 0 | 0 | 0.43 | 5.58 |
| Other Special Charges | - | - | - | -20.10 | -2.22 |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | - | 0 | 0 | -3.36 |
| Depreciation Amortization Depletion Income Statement | - | 0 | 0 | 12.32 | 23.55 |
| Depreciation And Amortization In Income Statement | - | 0 | 0 | 12.32 | 23.55 |
| General And Administrative Expense | - | 24.32 | 48.61 | 106.22 | 138.83 |
| Other Gand A | - | 24.32 | 48.61 | 106.22 | 138.83 |
| Salaries And Wages | 0.13 | 0.68 | 7.41 | - | - |
| Gain On Sale Of Ppe | - | 0 | 0 | -19.67 | 0 |
| Provision For Doubtful Accounts | - | - | 0.03 | 0.02 | 4.78 |
| Otherunder Preferred Stock Dividend | - | 119.34 | 54.56 | - | - |
| Amortization | - | 0 | 0 | 12.32 | 23.55 |
| Amortization Of Intangibles Income Statement | - | 0 | 0 | 12.32 | 23.55 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Atlas Energy Solutions Inc.this co. | AESI | $2.3B | -45.32 | 1.89 | -4.2% | 16.00 |
| Helmerich & Payne, Inc. | HP | $4.0B | -24.17 | 1.45 | -6.0% | 9.06 |
| International Seaways, Inc. | INSW | $3.9B | 12.56 | 1.92 | 15.3% | 8.43 |
| Peabody Energy Corporation | BTU | $3.8B | -71.88 | 1.08 | -1.5% | 9.47 |
| Tidewater Inc. | TDW | $3.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 11.04 |
| 2.71 |
| 24.5% |
| 8.67 |
| CVR Energy, Inc. | CVI | $3.4B | 125.66 | 4.65 | 3.7% | 7.89 |
| Par Pacific Holdings, Inc. | PARR | $2.8B | 7.54 | 1.84 | 24.4% | 5.46 |
| Talos Energy Inc. | TALO | $2.6B | - | 1.18 | -22.8% | 4.64 |
| Northern Oil and Gas, Inc. | NOG | $2.4B | 61.41 | 1.12 | 1.8% | 4.53 |
| Peer Median | - | 11.04 | 1.65 | 2.8% | 8.16 | |