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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.
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 Investors can join the live webcast on the company’s website, with an archived version available post-call.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.
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