Production Capacity and Operations - The company reported a combined annual production capacity of approximately 29 million tons as of September 30, 2024[98]. - The company operates four proppant production facilities near Kermit, Texas, and a fifth facility near Monahans, Texas[98]. - The company’s proppant is essential for the recovery of hydrocarbons from oil and natural gas wells[98]. - The Dune Express, an overland conveyor infrastructure solution, is currently under construction to enhance logistics efficiency[98]. - The company’s operations are significantly influenced by the demand for proppant in the Permian Basin[97]. Financial Performance - Adjusted EBITDA for the three months ended September 30, 2024, was $71,051 thousand, compared to $84,078 thousand for the same period in 2023, reflecting a decrease of approximately 15.5%[113]. - Adjusted Free Cash Flow for the three months ended September 30, 2024, was $58,669 thousand, down from $68,521 thousand in the prior year, representing a decline of about 12.7%[115]. - Net income for the three months ended September 30, 2024, was $3,918 thousand, significantly lower than $56,327 thousand for the same period in 2023, indicating a decrease of approximately 93%[114]. - Adjusted EBITDA Margin for the three months ended September 30, 2024, was 23.3%, down from 53.3% in the prior year, indicating a significant decline in profitability[116]. - Adjusted Free Cash Flow Margin for the three months ended September 30, 2024, was 19.3%, compared to 43.5% for the same period in 2023, reflecting a decrease of approximately 55.6%[116]. - Gross profit for September 2024 was $53,018, compared to $79,625 in September 2023, reflecting a decrease of approximately 33.4%[117]. - Contribution margin for the nine months ended September 2024 was $250,390, down from $278,993 in the same period of 2023, a decline of about 10.3%[117]. Sales and Revenue - Product sales increased by $30.5 million to $145.3 million for the three months ended September 30, 2024, compared to $114.8 million for the same period in 2023, driven by higher sales volume[123]. - Service sales rose by $116.3 million to $159.1 million for the three months ended September 30, 2024, compared to $42.8 million in the prior year, attributed to increased logistics revenue and a full quarter contribution from Hi-Crush[123]. - Total sales reached $304.4 million for the three months ended September 30, 2024, up from $157.6 million in the same period of 2023[123]. Costs and Expenses - Cost of sales (excluding depreciation, depletion, and accretion expense) increased by $157.5 million to $225.3 million for the three months ended September 30, 2024, compared to $67.8 million in 2023[124]. - Operating income decreased to $15.2 million for the three months ended September 30, 2024, down from $65.3 million in the same period of 2023[124]. - Selling, general and administrative expenses increased by $11.2 million to $25.5 million for the three months ended September 30, 2024, due to higher employee costs and acquisition-related expenses[124]. - Interest expense, net rose by $9.7 million to $11.2 million for the three months ended September 30, 2024, driven by financing for the Hi-Crush acquisition[124]. Debt and Financing - Total debt as of September 30, 2024, was $475,262, significantly higher than $172,511 in September 2023[119]. - The company reported a net debt of $414,100 as of September 30, 2024, compared to a net cash position of $(84,048) in September 2023[119]. - The company issued a Deferred Cash Consideration Note with an initial principal amount of $111.8 million, bearing interest at 5.00% per annum if paid in cash[103]. - The 2023 Term Loan Credit Facility includes a $180.0 million initial term loan with a maturity date of July 31, 2030, bearing interest at 9.50% per annum[131]. - Interest expense associated with the 2023 Term Loan was $12.8 million for the nine months ended September 30, 2024, compared to $2.9 million in the same period of 2023[132]. Acquisitions and Transactions - The acquisition of Hi-Crush Inc. was completed on March 5, 2024, for a total consideration of $456.1 million, subject to customary post-closing adjustments[100]. - The company completed the Hi-Crush Transaction on March 5, 2024, acquiring assets for a total consideration of $140.1 million in cash and $111.8 million in deferred cash[120]. Market Conditions and Risks - The company is subject to various risks, including fluctuations in oil and natural gas prices and competition from other companies[97]. - The price for West Texas Intermediate crude oil decreased by approximately 15% from $82.69 per barrel in Q2 2024 to $70.24 per barrel in Q3 2024[106]. - The Permian Basin drilling rig count declined by two active rigs quarter-over-quarter, ending at 306 active rigs[106]. - E&P companies are increasingly drilling longer lateral wells, which drives up proppant demand for each well completed in the Permian Basin[108]. - The company is subject to various market risks, including interest rate risks and commodity pricing risks, with no material changes in risk exposure since December 31, 2023[141]. Compliance and Regulations - The company emphasizes the importance of maintaining necessary permits and compliance with environmental regulations[97]. - The company is classified as an "emerging growth company" under the JOBS Act, allowing for extended transition periods for compliance with new accounting standards[138]. - The company assesses goodwill and acquired intangible assets for impairment annually, with adjustments made based on fair value assessments[140]. - The company has engaged third-party appraisal firms to assist in determining fair values for identifiable long-lived assets and intangible assets acquired[139].

Financial Data and Key Metrics Changes - For Q3 2024, Atlas reported revenues of $304 million, a 6% increase sequentially from Q2 levels [29] - Adjusted EBITDA was $71.1 million, approximately 23% of revenue, remaining relatively flat sequentially [29] - Net income for the quarter was $3.9 million, representing 1% of revenue [29] - Operating cash flow was $85.2 million, with adjusted free cash flow at $58.7 million, yielding a margin of 19% [34] Business Line Data and Key Metrics Changes - Revenues from product sales were approximately $145.3 million on volumes of 6.0 million tons, with an average sales price of about $24.34 per ton [29] - Service revenues totaled approximately $159.1 million [29] - The Kermit facility experienced higher operational expenses due to various challenges, but overall operations at other facilities performed well [18][29] Market Data and Key Metrics Changes - The domestic oilfield service market is facing a challenging pricing environment, with spot prices for West Texas sand trading at breakeven gross margins [22][23] - The decline in rig count and capital discipline among E&P companies has contributed to a volatile pricing environment for sand [22][23] Company Strategy and Development Direction - Atlas aims to transform the Permian Basin into a more efficient operation through the Dune Express project, which is on track and budget [7][8] - The company is focused on enhancing operational excellence and reducing emissions while improving logistics and reliability [10][12] - Atlas is committed to maintaining a low-cost position in the market, leveraging its unique logistical advantages and Vantage reserves [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming operational challenges and improving efficiency, particularly at the Kermit facility [41][42] - The company anticipates a prolonged holiday slowdown in completion activity due to operator capital budget exhaustion, impacting sales volume [30][36] - Management remains optimistic about volume growth in 2025, with over 60% of nameplate capacity already committed [21][52] Other Important Information - The company announced a 5% increase in its dividend to $0.24 per share and authorized a share repurchase program of up to $200 million [37] - Capital expenditures for Q3 totaled approximately $86.3 million, with $68.5 million allocated for growth initiatives [35] Q&A Session Summary Question: Issues at Kermit and focus areas for improvement - Management acknowledged operational challenges at Kermit and emphasized the commitment to operational excellence and efficiency improvements [40][41] Question: Trends in OpEx and timeline for improvements - Management expects OpEx per ton to improve sequentially but noted that full normalization may not occur until 2025 due to ongoing challenges [46][52] Question: Volume and pricing expectations for Q4 and 2025 - Management indicated a slight decline in volumes for Q4 due to a holiday slowdown but expressed positive sentiment for 2025 [56][61] Question: Impact of trucking rates on Dune Express margins - Management noted that while current trucking rates compress margins, the long-term advantages of Dune Express will remain significant [62][66] Question: CapEx expectations for next year - Management indicated a meaningful reduction in CapEx for 2025, focusing on maintenance and high-return growth initiatives [69][70] Question: Market dynamics for sand pricing in 2025 - Management anticipates potential supply reductions among competitors, which could support higher sand prices moving into 2025 [84][87] Question: Cadence of commercial deliveries ramping up on Dune Express - Management expects a ramp-up period for Dune Express, with full utilization anticipated by mid-2025 [89][90]

Investor Presentation October 2024 NYSE: AESI Important Disclosures Forward-Looking Statements This Presentation contains "forward-looking statements" of Atlas Energy Solutions Inc. ("Atlas," the "Company," "AESI," "we," "us" or "our") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are predictive or prospective in nature, that depend upon or refer to future events or conditions or that include t ...

Financial Performance - Atlas Energy Solutions Inc. reported quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.25 per share, and down from $0.55 per share a year ago, representing an earnings surprise of -24% [1] - The company posted revenues of $304.43 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.74%, compared to year-ago revenues of $157.62 million [2] - Over the last four quarters, Atlas Energy Solutions has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Performance and Outlook - Shares of Atlas Energy Solutions have increased by approximately 16.3% since the beginning of the year, while the S&P 500 has gained 21.8% [3] - The company's current consensus EPS estimate for the coming quarter is $0.24 on revenues of $317.42 million, and for the current fiscal year, it is $0.88 on revenues of $1.11 billion [7] Industry Context - The Oil and Gas - Integrated - United States industry, to which Atlas Energy Solutions belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Atlas Energy Solutions' stock performance [5][6]

Company Overview - Atlas Energy Solutions Inc. reported preliminary operating results for Q3 2024 on October 10, 2024[8]. - The company is classified as an emerging growth company under the Securities Act[6]. Financial Reporting - The press release detailing the financial results is attached as Exhibit 99.1[8]. - The report does not include specific financial metrics or performance indicators in the provided content[9]. - The filing is intended to satisfy the requirements under the Securities Exchange Act of 1934[9]. - The report was signed by John Turner, President and CEO of Atlas Energy Solutions Inc.[10].

Wall Street expects a year-over-year decline in earnings on higher revenues when Atlas Energy Solutions Inc. (AESI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if th ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Atlas Energy Solutions Inc. (Exact Name of Registrant as Specified in its Charter) For the quarterly period ended June 30, 2024 (State or other jurisdiction of incorporation or organization) 5918 W. Courtyard Drive, Suite 500 Austin, Texas 78730 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Financial Data and Key Metrics Changes - Atlas reported revenues of $288 million for Q2 2024, a 49% sequential increase from Q1, primarily due to the full quarter impact from the acquisition of Hi-Crush [22] - Adjusted EBITDA decreased slightly to $72 million, representing 25% of revenue, while net income was $14.8 million, or 5% of revenue [22] - The total financial impact from the fire incident at the Kermit facility was at the top end of the $20 million to $40 million range previously estimated [24] Business Line Data and Key Metrics Changes - Revenues from product sales were approximately $128 million on volumes of 4.9 million tons, with an average sales price of about $26.07 per ton [23] - Service revenues reached approximately $159 million, doubling from Q1 levels due to the Hi-Crush acquisition and growth in the legacy business [23] - The logistics team set a quarterly record for loads delivered, with over 50% of sand volumes delivered using in-house last mile crews [23] Market Data and Key Metrics Changes - The Permian rig count has declined approximately 10% over the past 12 months and is expected to remain stagnant through the latter half of the year [15] - Despite a decline in rig activity, proppant demand is expected to increase slightly year-over-year, with the average amount of sand pumped per fracture rising from approximately 40,000 tons to over 65,000 tons [17] - The supply-demand balance in the Permian proppant market is looser than the previous year, with spot prices nearing breakeven for less advantaged competitors [17][18] Company Strategy and Development Direction - The construction of the Dune Express, a 42-mile overland conveyor system, is on track for commissioning by the end of the year, which is expected to significantly enhance proppant logistics in the Permian Basin [11][12] - Atlas is focusing on innovations in logistics, including a partnership with Kodiak Robotics for autonomous trucking, which is anticipated to improve last-mile delivery efficiency [14] - The company aims to maintain its competitive edge by leveraging its low-cost structure and operational efficiencies to navigate current market challenges [45][46] Management's Comments on Operating Environment and Future Outlook - Management noted that 2024 has been a challenging year for the oilfield, with weak natural gas prices impacting drilling and completion activities [15] - Despite current market conditions, Atlas remains confident in its ability to generate healthy margins and returns, as its operational advantages allow it to thrive even when competitors struggle [18] - The company is optimistic about future growth, particularly with the Dune Express expected to enhance logistics capabilities and customer service [35][36] Other Important Information - The company has increased its dividend to $0.23 per share, representing a 5% increase over the prior period, and has shifted to a stand-alone ordinary dividend structure [28] - Atlas has launched OnCore 8 in the Midland Basin, which has a production capacity exceeding one million tons annually [21] Q&A Session Summary Question: Impact of trucking rates on logistics business - Chris Scholla explained that while trucking rates have fallen, Atlas's structural advantages will enhance margins as the Dune Express ramps up [32][34] Question: Customer demand and volume outlook - Bud Brigham indicated that the sales team has secured over 9 million tons for delivery next year, and they are optimistic about future contracts [37] Question: Logistics outlook for Q3 - Blake McCarthy noted that while Q2 logistics results were exceptional, some normalization is expected in Q3, but no significant degradation in market conditions is anticipated [40] Question: Supply and demand dynamics in the proppant market - John Turner mentioned that some competitors are shutting down operations due to low pricing, which could positively impact pricing dynamics in the long run [42][43] Question: Market conditions in the Delaware Basin - Bud Brigham highlighted that the Dune Express will significantly enhance Atlas's position in the Delaware Basin, where demand is strong [49][50] Question: Future M&A considerations - John Turner stated that while the market is fragmented and consolidation is likely, Atlas will be selective in any future acquisitions to maintain its competitive position [87] Question: Ramping last mile deliveries ahead of Dune Express - Chris Scholla confirmed that they are expanding last mile contracts and targeting additional crews as the Dune Express nears completion [92]

Investor Presentation August 2024 NYSE: AESI Important Disclosures Forward-Looking Statements This Presentation contains "forward-looking statements" of Atlas Energy Solutions Inc. ("Atlas," the "Company," "AESI," "we," "us" or "our") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are predictive or prospective in nature, that depend upon or refer to future events or conditions or that include th ...

Exhibit 99.1 Atlas Energy Solutions Announces Second Quarter 2024 Results; Increases Quarterly Dividend Austin, TX – August 5, 2024 – Atlas Energy Solutions Inc. (NYSE: AESI) ("Atlas" or the "Company") today reported financial and operating results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Financial Summary | . | Three Months Ended | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | June 30, 2024 March 31, 2024 | | | | | June 30, 2023 | | | (unaudited, in thousands, ...