Atlas Energy Solutions Inc. Stock Price, News & Analysis

Kodiak Robotics, a leading AI-powered autonomous vehicle technology provider, has announced a merger with Ares Acquisition II (NYSE: AACT) to become publicly listed. The deal values Kodiak at a $2.5 billion pre-money equity valuation.

The company has achieved significant milestones, including over 2.6 million autonomous miles in real-world conditions and the first publicly-announced driverless trucks in commercial operations. Kodiak generates recurring revenue through its Driver-as-a-Service model, particularly in the Permian Basin, and has secured a firm commitment from Atlas Energy Solutions for 100 trucks.

The transaction includes approximately $551 million cash held in trust and over $110 million in additional funding from investors including Soros Fund Management, ARK Investments, and Ares. The merger is expected to close in the second half of 2025, with the combined company to be named Kodiak AI, Inc. and trade under ticker symbols KDK and KDK WS.

Atlas Energy Solutions (NYSE: AESI) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results after market close on Monday, May 5, 2025. A conference call to discuss the results will be held the following day, Tuesday, May 6, 2025, at 9:00am Central Time (10:00am Eastern Time).

Investors and interested parties can access the live webcast through the company's investor relations website at https://ir.atlas.energy/. Participants are advised to join the webcast at least 10 minutes before the start time to ensure proper connection. An archived version of the Q1 2025 earnings materials will be available on the company's website following the presentation.

Atlas Energy Solutions (NYSE: AESI) reported its Q4 and fiscal year 2024 results, highlighting total sales of $1.1 billion and net income of $59.9 million. The company achieved an Adjusted EBITDA of $288.9 million and Adjusted Free Cash Flow of $251.3 million.

The company completed the acquisition of Moser Energy Systems for $220 million, including $180 million in cash and approximately 1.7 million shares. Additionally, Atlas completed a public offering of 11.5 million shares at $23.00 per share, raising gross proceeds of $264.5 million.

Q4 2024 showed a sequential decrease in total sales by 10.9% to $271.3 million, with sales volumes dropping 15% to 5.1 million tons. The company increased its quarterly dividend to $0.25 per share, payable February 28, 2025, and entered into a new $540 million term loan credit facility with Stonebriar Commercial Finance.

Atlas Energy Solutions (NYSE: AESI) has completed its previously announced acquisition of Moser Energy Systems. The strategic combination integrates Moser's distributed power platform with Atlas' existing proppant and logistics operations, including the Dune Express. The merger creates a diversified energy solutions provider with an expanded portfolio.

The acquisition includes Moser's fleet of natural gas-powered generators, extending Atlas's reach into production and distributed power markets. This expansion is expected to benefit from strong macro tailwinds and help reduce earnings volatility across business cycles. Atlas CEO John Turner emphasized the merger's innovative potential and growth opportunities, highlighting the companies' shared culture of innovation as a driver for future efficiencies.

Atlas Energy Solutions (NYSE: AESI) has announced a refinancing agreement with Stonebriar Commercial Finance for its existing term loan facility. The new arrangement consists of a $540.0 million single advance term loan with a seven-year maturity extending to March 1, 2032.

The Term Loan will carry an interest rate of 9.51% and includes mandatory amortization at 4.00% per annum until March 1, 2029, after which no mandatory amortization is required. The proceeds will be used to repay the existing Stonebriar facility and for general corporate purposes.

Atlas Energy Solutions (NYSE: AESI) has announced an increase in its quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.25 per share, representing a $0.01 increase from the previous quarter. The dividend will be paid on February 28, 2025, to shareholders of record as of the close of business on February 21, 2025.

Atlas Energy Solutions (NYSE: AESI) has announced the pricing of an upsized public offering of 11.5 million shares of common stock at $23.00 per share, raising gross proceeds of $264.5 million. The underwriters have a 30-day option to purchase up to an additional 1,725,000 shares.

The offering is expected to close on February 3, 2025. The proceeds will be used to repay indebtedness, fund the previously announced Moser Energy Systems acquisition, and for general corporate purposes including power-related growth capital expenditures. The Moser Acquisition is expected to close in Q1 2025 and is not contingent upon this offering's completion.

Goldman Sachs and Piper Sandler are serving as lead book-running managers for the offering, which is being conducted through an effective shelf registration statement filed with the SEC.

Atlas Energy Solutions (NYSE: AESI) has announced an underwritten public offering of 10,000,000 shares of common stock. The company plans to grant underwriters a 30-day option for an additional 1,500,000 shares. The net proceeds will be used to:

• Repay indebtedness, including secured PIK toggle seller note and credit facility borrowings
• Fund the cash consideration for the previously announced Moser Energy Systems acquisition
• Support power-related growth capital expenditures post-Moser acquisition

The Moser Acquisition is expected to close in Q1 2025 and is not contingent upon this offering's completion. Goldman Sachs and Piper Sandler are acting as lead-book running managers. The offering will be conducted through an effective shelf registration statement filed with the SEC on May 15, 2024.

Atlas Energy Solutions (NYSE: AESI) has announced a definitive agreement to acquire Moser Energy Systems in a transaction valued at $220 million. The deal includes $180 million in cash and approximately 1.7 million shares of Atlas common stock, valued at $40 million based on the 20-day trailing volume-weighted average price as of January 24, 2025.

The acquisition combines Atlas's completion platform with Moser's distributed power platform, creating a diversified energy solutions provider. Key highlights include: a dynamic fleet of natural gas-powered assets (~212MWs), Moser's strong EBITDA margin profile of 50%+, and in-house manufacturing capabilities. The transaction is expected to generate $40-45 million in Adjusted EBITDA in 2025 (10-months contribution), implying a 4.3x 2025 Adjusted EBITDA multiple.

The deal is expected to close by the end of Q1 2025, subject to customary closing conditions. Atlas has secured funding through an upsizing amendment to its existing delayed draw term loan facility.