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Atlas Energy Solutions Inc. - AESI STOCK NEWS

Welcome to our dedicated page for Atlas Energy Solutions news (Ticker: AESI), a resource for investors and traders seeking the latest updates and insights on Atlas Energy Solutions stock.

Atlas Energy Solutions Inc. (NYSE: AESI) is a premier provider of proppant and logistics services within the Permian Basin of West Texas and New Mexico, North America's most active oil and natural gas region. Founded in 2017 and led by industry veteran Bud Brigham, Atlas specializes in the production and processing of high-quality proppants essential for hydrocarbon recovery from oil and natural gas wells. Our sand reserves are strategically located in Winkler and Ward Counties, Texas, and we operate multiple production facilities, including those in Kermit and Monahans, Texas.

Atlas is at the forefront of innovation in proppant logistics, deploying advanced technologies to increase operational efficiencies. Our proprietary 42-mile Dune Express conveyor system, scheduled to go online in late 2024, exemplifies our commitment to logistics excellence. We also manage a fleet of 120 high-efficiency trucks designed for maximum payload delivery through custom-manufactured trailers.

In 2023, Atlas achieved significant milestones, including total sales of $614 million and an Adjusted EBITDA of $329.7 million. Our strong financial performance is complemented by strategic initiatives like the acquisition of Hi-Crush Inc., which expands our production capacity and diversifies our customer base in the Midland Basin.

Our approach to sustainability is holistic, focusing on reducing energy consumption, emissions, and our aerial footprint. We integrate autonomous trucking, digital infrastructure, and artificial intelligence into our operations, ensuring a lower environmental impact while maximizing value for our stakeholders.

Atlas's commitment to innovation and efficiency extends to our core mission of maximizing shareholder value. This involves generating strong cash flows and providing durable returns through industry cycles. Our advanced technologies and strategic assets position us as the proppant and logistics provider of choice, enhancing the efficiency, safety, and sustainability of the oil and gas sector in the Permian Basin.

News

Kermit Facility Operational Update

Rhea-AI Summary
Atlas Energy Solutions Inc. provides an operational update on the mechanical fire incident at their Kermit facility in Texas. The fire primarily impacted the 'feed system,' with a full rebuild expected by the end of the second quarter. The facility remains closed, with operations expected to restart soon. Insurance claims will cover repair costs, and there will be no impact on the Dune Express construction schedule.
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Atlas Announces Timing of First Quarter 2024 Earnings Release and Conference Call

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Atlas Energy Solutions Inc. (AESI) will release its first quarter 2024 earnings on May 6, 2024, followed by a conference call to discuss financial and operational results. A live webcast will be accessible on the company's website.
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Atlas Energy Solutions Inc. Completes Previously Announced Acquisition of Hi-Crush Inc. And Announces Promotion of John Turner to CEO

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Atlas Energy Solutions Inc. (AESI) completes the acquisition of Hi-Crush Inc., becoming the largest proppant producer in the country with a total annual production capacity of ~28 million tons. The acquisition strengthens their logistics offering and is expected to drive significant operational efficiencies. John Turner named as the new CEO effective March 6, 2024, succeeding Bud Brigham who will remain as Executive Chairman.
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Atlas Energy Solutions Announces Fourth Quarter and Year End 2023 Results; Signs Transformative Agreement to Acquire Hi-Crush Inc.

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Atlas Energy Solutions Inc. (NYSE: AESI) reported strong financial results for the fiscal year ended December 31, 2023, with total sales of $614.0 million, net income of $226.5 million, and adjusted EBITDA of $329.7 million. The company increased its quarterly dividend by 5% to $0.21 per share and announced the acquisition of Hi-Crush Inc. The acquisition is valued at $450 million and includes cash, shares of AESI, and a Seller's Note.
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Atlas Energy Solutions Inc. to Acquire Hi-Crush Inc., Creating the Largest Proppant Producer in the Country and an Industry Leading Logistics Provider

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Atlas Energy Solutions Inc. (AESI) announces the acquisition of Hi Crush Inc.'s Permian Basin assets for $450 million. The deal includes cash, stock, and deferred payments. The combined entities will have a pro forma production capacity of 28 million tons, with significant contracted capacity, expected to generate $110-125 million in EBITDA in 2024. The acquisition aims to drive synergies, operational efficiencies, and shareholder returns, with estimated annual synergies of over $20 million by 2026. The transaction is expected to close by the end of the first quarter of 2024, marking a significant step towards industry leadership in the Permian region.
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Atlas Energy Solutions Appoints Mike Howard to its Board of Directors

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Atlas Energy Solutions Inc. (AESI) appoints Mike Howard to its Board of Directors and Nominating and Corporate Governance Committee. Mr. Howard, Chairman and CEO of Howard Midstream Energy Partners, LLC, brings over 28 years of midstream energy experience. His addition is expected to enhance Atlas' success in the oil and gas industry.
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Atlas Energy Solutions Announces 5% Increase in Quarterly Cash Dividend

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Atlas Energy Solutions Inc. (AESI) declared a dividend of $0.21 per outstanding share of common stock, representing a 5% increase from the prior quarter's dividend. The dividend will be paid on February 29, 2024, to holders of record of common stock at the close of business on February 22, 2024.
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Atlas Announces Timing of Fourth Quarter & Year End 2023 Earnings Release and Conference Call

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Atlas Energy Solutions Inc. (AESI) will release its fourth quarter and year end 2023 earnings on February 27, 2024, followed by a conference call to discuss financial and operational results. The live webcast will be available at https://ir.atlas.energy/.
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Atlas Energy Solutions Announces Third Quarter 2023 Results

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Atlas Energy Solutions Inc. (NYSE: AESI) reported financial and operating results for Q3 2023. Total sales were $157.6 million, with a net income of $56.3 million and adjusted EBITDA of $84.1 million. The company maintained its quarterly dividend of $0.20 per share. Construction of the Dune Express and the Kermit facility are on track. The company completed important corporate initiatives, including the Up-C simplification transaction and term loan refinancing.
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Atlas Announces Timing of Third Quarter 2023 Earnings Release and Conference Call

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Atlas Energy Solutions Inc. will release its Q3 2023 earnings after market close on October 30, 2023. A conference call discussing financial and operational results will be held on October 31, 2023. A live webcast will be available at https://ir.atlas.energy/.
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FAQ

What is the current stock price of Atlas Energy Solutions (AESI)?

The current stock price of Atlas Energy Solutions (AESI) is $19.185 as of November 1, 2024.

What is the market cap of Atlas Energy Solutions (AESI)?

The market cap of Atlas Energy Solutions (AESI) is approximately 2.1B.

What is Atlas Energy Solutions Inc. known for?

Atlas Energy Solutions Inc. is known for providing high-quality proppant and advanced logistics services to the oil and natural gas industry in the Permian Basin.

Where are Atlas Energy Solutions' operations located?

Atlas Energy Solutions' operations are primarily located in the Permian Basin of West Texas and New Mexico, with key production facilities in Kermit and Monahans, Texas.

What recent achievements has Atlas Energy Solutions made?

Atlas Energy Solutions has achieved significant milestones, including the acquisition of Hi-Crush Inc., and maintaining strong financial performance with total sales of $614 million and an Adjusted EBITDA of $329.7 million in 2023.

What is the Dune Express?

The Dune Express is a 42-mile conveyor system developed by Atlas Energy Solutions to enhance logistics efficiencies in the Permian Basin. It is expected to go online in the fourth quarter of 2024.

How does Atlas Energy Solutions contribute to environmental sustainability?

Atlas Energy Solutions focuses on reducing energy consumption, emissions, and its aerial footprint through the integration of autonomous trucking, digital infrastructure, and artificial intelligence in its operations.

What types of proppants does Atlas Energy Solutions produce?

Atlas Energy Solutions produces various high-quality, locally sourced proppants used during the well completion process, including both dry and damp sand in 100 mesh and 40/70 mesh sizes.

What is Atlas Energy Solutions' core mission?

Atlas Energy Solutions' core mission is to maximize value for shareholders by generating strong cash flow and efficiently allocating capital resources, while contributing to environmental and social progress.

Who founded Atlas Energy Solutions?

Atlas Energy Solutions was founded by Ben M. 'Bud' Brigham in 2017. The company is led by an experienced management team with a background in E&P operations.

How does Atlas Energy Solutions ensure logistics efficiency?

Atlas Energy Solutions ensures logistics efficiency through advanced technologies like the Dune Express conveyor system and a fleet of high-efficiency trucks designed for maximum payload delivery.

What are the future plans of Atlas Energy Solutions?

Atlas Energy Solutions plans to continue leveraging technology and strategic acquisitions to enhance its operational efficiencies and maintain its leadership in the proppant and logistics industry within the Permian Basin.

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Atlas Energy Solutions Inc.

NYSE:AESI

AESI Rankings

#1907 Ranked by Market Cap
#582 Ranked by Dividends

AESI Stock Data

2.13B
110.22M
42.64%
54.38%
8.99%
Oil & Gas Equipment & Services
Crude Petroleum & Natural Gas
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United States of America
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