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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.
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.