Atlas Energy Solutions Inc. (AESI)

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.

Symbol
AESI
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Equipment & Services
Market cap
$1.44B
52 week range
7.64 - 20.13

Valuation

Share price
$11.52 (close of 2026-09-23)
P/E (TTM)
-12.00x
Price to book
1.29x
Price to free cash flow
-7.82x
Enterprise value
$2.49B
Book value per share
$8.90

Price performance

PeriodChange
1 day-13.19%
5 days-15.48%
1 month-8.43%
3 months-29.80%
6 months-9.08%
Year to date+22.29%
1 year-0.69%
3 years-50.73%
All time-32.04%

Profitability and growth

Return on equity
-4.16%
Return on invested capital
-0.30%
Return on assets
-2.26%
Return on capital employed
-0.54%
Gross margin
13.76%
Net margin
-4.59%
EBITDA margin
13.63%
Revenue growth
3.73%
Net income growth
-183.92%
Free cash flow growth
73.69%

Cash flow and balance sheet

Free cash flow yield (TTM)
-12.79%
Current ratio
1.82x
Net debt to EBITDA
9.46x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$1.10B
Cost of revenue
$967.39M
Gross profit
$150.67M
EBITDA
$149.24M
Net income
$-50.30M
Earnings per share
$-0.41
Shares outstanding
122.44M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.10B$150.67M$-50.30M$-0.41
2024-12-31$1.06B$232.01M$59.94M$0.55
2023-12-31$613.96M$313.77M$105.43M$1.50
2022-12-31$482.72M$256.31M$217.01M$3.80
2021-12-31$172.40M$64.07M$4.26M$0.00

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3113.76%-4.59%-4.16%-0.30%
2024-12-3121.97%5.68%5.78%6.26%
2023-12-3151.11%17.17%12.15%22.35%
2022-12-3153.10%44.95%42.44%34.95%
2021-12-3137.16%2.47%1.26%13.33%

Cash and debt by year

Period endDebt
2025-12-31$538.24M
2024-12-31$466.99M
2023-12-31$172.82M
2022-12-31$126.59M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-30.93M$33.23M
2024-12-31$-117.52M$22.38M
2023-12-31$-66.46M$7.41M
2022-12-31$116.42M$678.00K
2021-12-31$1.99M$129.00K

Dividend history

Most recent payment
2025-08-14
Payment dateDividend per share
2025-08-14$0.25
2025-05-15$0.25
2025-02-21$0.25
2024-11-07$0.24
2024-08-15$0.23
2024-05-15$0.22
2024-02-21$0.21
2023-11-08$0.20

Investor relations

Next earnings report

Next confirmed report
2026-11-02

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026-
2026-05-04--
2026-02-23--
2025-11-03--
2025-08-04--
2025-05-05--
2025-02-25--
2025-02-24--

Filings and sources

Company website
atlas.energy
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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