Core Insights - Atlas Energy Solutions Inc. (NYSE:AESI) experienced a significant decline in share price, falling by 19.65% from February 18 to February 25, 2026, making it one of the worst-performing energy stocks during that week [1][7]. Financial Performance - The company reported a Q4 2025 adjusted loss of $0.21 per share, which was $0.02 worse than analysts' expectations. This resulted in a net loss of $22.2 million for the quarter, a stark contrast to a net income of $14.4 million in Q4 2024 [3]. - For the full year 2025, Atlas reported a net loss of $50.3 million, compared to a net income of $60 million in 2024. The Q4 revenue was $249.4 million, down 8% year-over-year, but exceeded expectations by nearly $10 million [3]. Operational Challenges - The company achieved an adjusted EBITDA of $36.7 million in Q4 and anticipates that Q1 2026 adjusted EBITDA will remain approximately flat compared to Q4 levels. However, operations were significantly impacted by a recent winter storm, which is expected to reduce Q1 EBITDA by about $6 million [4]. Business Overview - Atlas Energy Solutions Inc. is involved in the production, processing, and sale of frac sand, which is utilized as proppants during well completions in the Permian Basin of West Texas and New Mexico [2].