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Atlas (AESI) to Buy Proppant Production Assets in a $450M Deal
Zacks Investment Research· 2024-02-29 13:31
Atlas Energy Solutions Inc. (AESI) , a market leader in the proppant and logistics industry, announced the purchase of Hi-Crush Inc.'s Permian Basin proppant production assets and North American logistics operations in a deal worth $450 million.By combining Atlas’ Dune Express logistics with Hi-Crush’s Oncore + Pronghorn logistics, the acquisition will help expand the former’s logistic capabilities.The companies stated that the buyout will combine two of the largest holders of premium giant open dune sand r ...
Atlas Energy Solutions (AESI) - 2023 Q4 - Earnings Call Transcript
2024-02-28 00:48
Atlas Energy Solutions Inc. (NYSE:AESI) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET Company Participants Kyle Turlington - VP, IR Bud Brigham - Chairman and CEO John Turner - President and CFO Brian Leveille - VP, Finance Conference Call Participants Don Crist - Johnson Rice Luke Lemoine - Piper Sandler Jim Rollyson - Raymond James Sean Mitchell - Daniel Energy Partners Operator Greetings. Welcome to the Atlas Energy Solutions' Acquisition of Hi-Crush and 2023 Fourth Quarter Results. At th ...
Atlas Energy Solutions (AESI) - 2023 Q4 - Annual Report
2024-02-27 22:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41828 t Atlas Energy Solutions Inc. (Exact name of Registrant as specified in its Charter) Delaware 93-2154509 (State or other jurisd ...
Atlas Energy Solutions (AESI) - 2023 Q4 - Annual Results
2024-02-27 11:40
Exhibit 99.1 Atlas Energy Solutions Announces Fourth Quarter and Year End 2023 Results; Signs Transformative Agreement to Acquire Hi-Crush Inc. Austin, TX – February 27, 2024 – Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today reported financial and operating results for the fiscal year ended December 31, 2023. Year End 2023 Financial Highlights and Operational Updates • Total sales of $614.0 million (on sales volumes of 11.0 million tons) • Net income of $226.5 million (37% Net Inco ...
Atlas Energy Solutions Announces Fourth Quarter and Year End 2023 Results; Signs Transformative Agreement to Acquire Hi-Crush Inc.
Businesswire· 2024-02-27 11:30
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today reported financial and operating results for the fiscal year ended December 31, 2023. Year End 2023 Financial Highlights and Operational Updates Total sales of $614.0 million (on sales volumes of 11.0 million tons) Net income of $226.5 million (37% Net Income Margin) Adjusted EBITDA of $329.7 million (54% Adjusted EBITDA Margin) (1) Net cash provided by operating activities of $299.0 million ...
Atlas Energy Solutions Inc. to Acquire Hi-Crush Inc., Creating the Largest Proppant Producer in the Country and an Industry Leading Logistics Provider
Businesswire· 2024-02-27 11:00
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that it has entered into a definitive agreement with Hi Crush Inc. ("Hi-Crush") to acquire all of Hi-Crush’s Permian Basin proppant production assets and North American logistics operations in a transaction valued at $450 million (1). The transaction consideration includes $150 million in up-front cash, $175 million in shares of common stock of AESI and $125 million in deferred cash payments ...
3 Integrated US Energy Stocks Set to Escape Industry Weakness
Zacks Investment Research· 2024-02-16 15:06
The upstream business of the integrated energy players is highly exposed to volatility in oil and gas prices. Also, the spike in input price in refining activities is making the outlook for the Zacks Oil & Gas US Integrated industry gloomy.Among the companies in the industry that are likely to survive the business challenges are DT Midstream Inc (DTM) , Equitrans Midstream Corporation (ETRN) and Atlas Energy Solutions Inc. (AESI) .About the Industry The Zacks Oil & Gas US Integrated industry comprises compa ...
Atlas Energy Solutions Appoints Mike Howard to its Board of Directors
Businesswire· 2024-02-13 23:58
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that the Board of Directors (the “Board”) has appointed Mike Howard to serve as a member of the Board and the Company’s Nominating and Corporate Governance Committee. Mr. Howard serves as Chairman and CEO of Howard Midstream Energy Partners, LLC (“HEP”), a diverse, multibillion-dollar energy company operating critical energy infrastructure in four states and Mexico. With more than 28 years ...
Atlas Energy Solutions Announces 5% Increase in Quarterly Cash Dividend
Businesswire· 2024-02-09 00:05
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that the Board of Directors (the “Board) has declared a dividend of $0.21 per outstanding share of Atlas common stock, to be paid on February 29, 2024, to holders of record of our common stock at the close of business on February 22, 2024. This represents a 5% increase from the prior quarter’s dividend. About Atlas Energy Solutions Our company was founded in 2017 by long-time E&P operators ...
Atlas Announces Timing of Fourth Quarter & Year End 2023 Earnings Release and Conference Call
Businesswire· 2024-01-29 21:30
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that on Tuesday, February 27, 2024, it will issue its fourth quarter and year end 2023 earnings release before market open and will host a conference call to discuss financial and operational results at 8:00am Central Time (9:00am Eastern Time). A live webcast will be available at https://ir.atlas.energy/. Please join the webcast at least 10 minutes ahead of the start time to ensure a proper ...