Atlas Energy Solutions Inc. - AESI STOCK NEWS

Atlas Energy Solutions Inc. announces effectiveness of registration statement for Up-C Simplification, expected to be completed on October 2, 2023.

Atlas Energy Solutions Inc. (NYSE: AESI) reported Q2 2023 financial and operating results. Total sales reached $161.8 million, with net income of $71.2 million and adjusted EBITDA of $92.8 million. The company declared a quarterly dividend of $0.20 per share of Class A common stock and a corresponding distribution of $0.20 per Unit for holders of Atlas Sand Operating, LLC Units. Dune Express construction is on-time and on-budget, and the Kermit expansion is expected to come online in Q4 2023. Atlas also committed to ~6.0 million tons of 2024 proppant volumes. Adjusted EBITDA margin reached 57%, and adjusted free cash flow margin was 51%.

Atlas Energy Solutions Inc. (AESI) has rescheduled its Q1 2023 conference call for May 9, 2023, at 8:00 am Central Time. The call will cover the company's financial and operational results. Investors can join the live webcast on the company’s website, with an archived version available post-call. Founded in 2017, Atlas serves the Permian Basin, focusing on proppant and logistics. The company aims to maximize shareholder value through strong cash flow and efficient capital allocation while maintaining environmental stewardship. Strategic facility locations in Kermit and Monahans, Texas, enhance supply reliability and product quality. Atlas is dedicated to improving hydrocarbon development processes, supporting energy access sustainably.

Atlas Energy Solutions Inc. (AESI) will release its Q1 2023 earnings after market close on May 8, 2023. A conference call to discuss these results is scheduled for May 9, 2023, at 8:45 am Central Time (9:45 am Eastern Time). A live webcast will be accessible through their website, encouraging participants to join 10 minutes early for connection checks.

Founded in 2017, Atlas specializes in proppant and logistics services, particularly in the Permian Basin. They aim to maximize shareholder value through strong cash flow and efficient capital allocation. The company is focused on environmentally responsible hydrocarbon development while enhancing energy access and quality of life.

Pickering Energy Partners acted as co-manager for Atlas Energy Solutions Inc.'s initial public offering, raising $324 million on March 13, 2023. This event marks a significant milestone for Atlas Energy as it transitions into the public market. Pickering Energy Partners, based in Houston, Texas, specializes in the energy sector, providing a wide range of financial services including investments and capital markets. They have successfully deployed over $16 billion across various energy sub-sectors, positioning themselves as trusted advisors and partners in the industry.

Atlas Energy Solutions Inc. (NYSE: AESI) has announced the pricing of its initial public offering (IPO) of 18,000,000 shares of Class A common stock at $18.00 per share.

The shares are set to start trading on the New York Stock Exchange on March 9, 2023, with the IPO closing on March 13, 2023. The company expects net proceeds of approximately $292.9 million, potentially $338.4 million if the underwriters exercise their option for additional shares. These funds will support the construction of the Dune Express conveyor system and other general corporate purposes.