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 ...

Acquisition and Integration - The company completed the acquisition of Hi-Crush Inc. for a total consideration of $455.8 million on March 5, 2024[205]. - The company is focused on integrating the Hi-Crush business to enhance its operational capabilities and market position[196]. - The Hi-Crush acquisition on March 5, 2024, involved cash consideration of $140.1 million and 9.7 million shares of common stock[244]. Production and Capacity - As of June 30, 2024, the company's combined annual production capacity is approximately 28 million tons of proppant[200]. - The company’s proppant production and processing facilities are located entirely in Texas within the Permian Basin[200]. - The company operates a logistics platform to enhance efficiency and sustainability in the Permian Basin, including the Dune Express project currently under construction[201]. Financial Performance - Net income for Q2 2024 was $14,837,000, a decrease of 79.1% compared to $71,211,000 in Q2 2023[237]. - Adjusted EBITDA for Q2 2024 was $72,045,000, down 22.5% from $92,846,000 in Q2 2023[239]. - Adjusted Free Cash Flow for Q2 2024 was $66,627,000, a decline of 23.2% from $86,821,000 in Q2 2023[238]. - Total sales reached $287.5 million for the three months ended June 30, 2024, compared to $161.8 million for the same period in 2023, marking a significant increase[250]. - Net cash provided by operating activities for Q2 2024 was $60,856,000, a decrease of 41.4% from $103,883,000 in Q2 2023[239]. Expenses and Costs - Cost of sales (excluding depreciation, depletion, and accretion expense) rose by $138.6 million to $202.1 million for the three months ended June 30, 2024, compared to $63.5 million for the same period in 2023[254]. - Selling, general and administrative expenses increased by $15.1 million to $27.3 million for the three months ended June 30, 2024, compared to $12.2 million for the same period in 2023, largely due to employee costs and acquisition-related expenses[258]. - The company reported a loss on disposal of assets amounting to $11,098,000 in Q2 2024[237]. Debt and Financing - A secured PIK toggle seller note was issued with an initial aggregate principal amount of $111.8 million, maturing on January 31, 2026, bearing interest rates of 5.00% or 7.00%[209]. - The company entered into a Term Loan Amendment providing an additional delayed draw term loan of $150.0 million with an interest rate of 10.86% per annum[213]. - Total debt as of June 30, 2024, was $478,003,000, with net debt at $392,787,000[243]. - The ABL Amendment increased the revolving credit commitment to $125.0 million, with existing lenders increasing their commitment by $25.0 million and a new lender adding another $25.0 million[216]. Market Conditions - The price for West Texas Intermediate (WTI) crude oil ended Q2 2024 at $82.69 per barrel, a 2% increase from $81.28 per barrel in Q1 2024[222]. - The Permian Basin drilling rig count declined by eight active rigs quarter-over-quarter, ending at 308 active rigs, indicating a decrease in oilfield activity levels[223]. - The Company expects the proppant market to remain stable in the second half of 2024, with potential tightening in 2025 as activity levels may increase if commodity prices rise[224]. Cash Flow and Investments - Net cash provided by operating activities was $100.4 million for the six months ended June 30, 2024, down from $158.1 million in 2023, attributed to increased cost of sales and higher selling, general, and administrative expenses[281]. - Net cash used in investing activities increased to $353.5 million for the six months ended June 30, 2024, compared to $146.8 million in 2023, primarily due to expenditures related to the Hi-Crush Transaction[282]. - The company intends to fund capital requirements through cash on hand, cash flows from operations, and availability under the 2023 ABL Credit Facility and 2023 Term Loan Credit Facility[285]. Tax and Insurance - The company recorded a deferred tax liability of approximately $62.7 million on October 2, 2023, associated with the exchange of redeemable noncontrolling interest for shares of common stock[249]. - The company recorded $10.0 million of insurance recovery related to the Kermit facility fire, deemed collectable as of June 30, 2024[208]. - Insurance recovery increased by $10.0 million to $10.0 million for the three months ended June 30, 2024, due to an insurance claim related to a mechanical fire being deemed collectible[262]. Regulatory and Compliance - The company is classified as an "emerging growth company" under the JOBS Act, allowing for extended transition periods for compliance with new accounting standards[318]. - The company is permitted to make dividend payments under certain conditions, including maintaining liquidity above $30.0 million[307][312].

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, ...

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 June 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Insteel Industries (IIIN) is one of the nation's largest manufacturers of steel wire reinforcing products for concrete construction applications. The Zacks Consensus Estimate for its current year earnings has been revised almost 27.7% downward over the last 60 days.Atlas Energy Solutions Inc. (AESI) is a provider of proppant and logistics services to customers engaged in the oil and natural gas industry principally within the Permian ...

Dividend stocks are among the most attractive on Wall Street because they pay you to own them. However, not all dividend stocks are equal, so it takes more than a distribution and some attractive metrics to make them a good buy. This is a look at three dividend stocks that also get high ratings from analysts. They are ranked highly on MarketBeat’s Top Rated Dividend Stocks list because of their safe payments and analysts' sentiment. All come with a rating of 3.0 or higher, which equates to a Buy or Better r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share AESI New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissi ...

Atlas Energy Solutions Inc. (NYSE:AESI) Q1 2024 Earnings Conference Call May 6, 2024 10:00 AM ET Company Participants Kyle Turlington - VP, IR Bud Brigham - Executive Chairman John Turner - CEO, President and CFO Chris Scholla - Chief Supply Chain Officer Conference Call Participants Sean Mitchell - Daniel Energy Partners Jim Rollyson - Raymond James Scott Gruber - Citigroup Derek Podhaizer - Barclays Keith Mackey - RBC Capital Markets David Smith - Pickering Energy Partners Neil Mehta - Goldman Sachs Saura ...