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Atlas Energy Solutions Inc (N:AESI)

Business Focus: Construction Materials

Sector:  Basic Materials Industry:  Construction Materials
 
See Regulatory Filings on SEC
Company Contact
Address: 5918 W. Courtyard Drive, Suite 500
AUSTIN TX
Tel: N/A
Website: https://atlas.energy
IR: See website
Key People
Ben M. Brigham
Executive Chairman of the Board
Ben M. Brigham
Executive Chairman of the Board
John Turner
President, Chief Executive Officer, Chief Financial Officer
John Turner
President, Chief Executive Officer, Chief Financial Officer
Blake Mccarthy
Chief Financial Officer
Blake Mccarthy
Chief Financial Officer
Jeffrey Allison
Executive Vice President of Sales and Marketing
Jeffrey Allison
Executive Vice President of Sales and Marketing
Dathan C. Voelter
General Counsel, Secretary
Dathan C. Voelter
General Counsel, Secretary
Chris Scholla
Chief Supply Chain Officer
Chris Scholla
Chief Supply Chain Officer
Business Overview
Atlas Energy Solutions Inc. is a producer of locally sourced 100 mesh and 40/70 sand used as a proppant during the well completion process. The Company's sand reserves are located in Winkler and Ward Counties, Texas, within the Permian Basin and operations consist of proppant production and processing facilities, including one facility near Kermit, Texas (the Kermit facility), a second facility under development at the Kermit location, and a third facility near Monahans, Texas (the Monahans facility). Its Kermit and Monahans facilities have a total combined annual production capacity in excess of 10.0 million tons. The Company is also engaged in operating a logistics platform that is designed to enhance the safety and sustainability of the oil and natural gas industry within the Permian Basin. This includes the Dune Express, an overland conveyor infrastructure solution under construction, coupled with its fleet of fit-for-purpose trucks and trailers.
Financial Overview
For the three months ended 31 March 2024, Atlas Energy Solutions Inc revenues increased 26% to $192.7M. Net income increased from $1.7M to $26.8M. Revenues reflect Service sales increase from $25.3M to $79.2M. Dividend per share totaled to $0.16. Basic Earnings per Share excluding Extraordinary Items increased from $0.03 to $0.26.