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Atlas Energy Solutions Inc. - $AESI STOCK NEWS

Welcome to our dedicated page for Atlas Energy Solutions news (Ticker: $AESI), a resource for investors and traders seeking the latest updates and insights on Atlas Energy Solutions stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Atlas Energy Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Atlas Energy Solutions's position in the market.

Rhea-AI Summary

Atlas Energy Solutions Inc. (NYSE: AESI) reported Q1 2024 financial results with total sales of $192.7 million, net income of $26.8 million, and adjusted EBITDA of $75.5 million. The company declared an increased quarterly dividend of $0.22 per share. The Dune Express construction remains on-time and on-budget. The company's liquidity was $360.9 million as of March 31, 2024. Atlas had a mechanical fire at the Kermit facility, but operations are being restored. The company will host a conference call on May 6, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.32%
Tags
dividends earnings
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Rhea-AI Summary

Atlas Energy Solutions Inc. (NYSE: AESI) announced the appointment of Blake McCarthy as Chief Financial Officer, effective May 13, 2024. McCarthy brings over 15 years of experience in oil and gas finance, investing, and public company roles. His expertise in integration, operations, acquisitions, and financial markets, particularly in the oilfield service industry, will benefit the company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.32%
Tags
management
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News
Rhea-AI Summary
Atlas Energy Solutions Inc. provides an operational update on the mechanical fire incident at their Kermit facility in Texas. The fire primarily impacted the 'feed system,' with a full rebuild expected by the end of the second quarter. The facility remains closed, with operations expected to restart soon. Insurance claims will cover repair costs, and there will be no impact on the Dune Express construction schedule.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
none
Rhea-AI Summary
Atlas Energy Solutions Inc. (AESI) will release its first quarter 2024 earnings on May 6, 2024, followed by a conference call to discuss financial and operational results. A live webcast will be accessible on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
-
Rhea-AI Summary
Atlas Energy Solutions Inc. (AESI) completes the acquisition of Hi-Crush Inc., becoming the largest proppant producer in the country with a total annual production capacity of ~28 million tons. The acquisition strengthens their logistics offering and is expected to drive significant operational efficiencies. John Turner named as the new CEO effective March 6, 2024, succeeding Bud Brigham who will remain as Executive Chairman.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
management acquisition
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Rhea-AI Summary
Atlas Energy Solutions Inc. (NYSE: AESI) reported strong financial results for the fiscal year ended December 31, 2023, with total sales of $614.0 million, net income of $226.5 million, and adjusted EBITDA of $329.7 million. The company increased its quarterly dividend by 5% to $0.21 per share and announced the acquisition of Hi-Crush Inc. The acquisition is valued at $450 million and includes cash, shares of AESI, and a Seller's Note.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.07%
Tags
Rhea-AI Summary
Atlas Energy Solutions Inc. (AESI) announces the acquisition of Hi Crush Inc.'s Permian Basin assets for $450 million. The deal includes cash, stock, and deferred payments. The combined entities will have a pro forma production capacity of 28 million tons, with significant contracted capacity, expected to generate $110-125 million in EBITDA in 2024. The acquisition aims to drive synergies, operational efficiencies, and shareholder returns, with estimated annual synergies of over $20 million by 2026. The transaction is expected to close by the end of the first quarter of 2024, marking a significant step towards industry leadership in the Permian region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.07%
Tags
-
Rhea-AI Summary
Atlas Energy Solutions Inc. (AESI) appoints Mike Howard to its Board of Directors and Nominating and Corporate Governance Committee. Mr. Howard, Chairman and CEO of Howard Midstream Energy Partners, LLC, brings over 28 years of midstream energy experience. His addition is expected to enhance Atlas' success in the oil and gas industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
management
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Rhea-AI Summary
Atlas Energy Solutions Inc. (AESI) declared a dividend of $0.21 per outstanding share of common stock, representing a 5% increase from the prior quarter's dividend. The dividend will be paid on February 29, 2024, to holders of record of common stock at the close of business on February 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
dividends
Rhea-AI Summary
Atlas Energy Solutions Inc. (AESI) will release its fourth quarter and year end 2023 earnings on February 27, 2024, followed by a conference call to discuss financial and operational results. The live webcast will be available at https://ir.atlas.energy/.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
Atlas Energy Solutions Inc.

NYSE:AESI

AESI Rankings

AESI Stock Data

2.47B
44.18M
42.54%
32.82%
5.57%
Oil & Gas Equipment & Services
Energy
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United States of America
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