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. |