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Atlas Energy Solutions Inc. (AESI) delivers essential proppant and logistics services for oil and gas extraction in the Permian Basin. This page provides investors and industry stakeholders with timely updates on company developments, financial announcements, and operational milestones.
Access official press releases covering quarterly earnings, strategic partnerships, and production innovations. Stay informed about AESI’s role in enhancing hydraulic fracturing efficiency through its specialized sand processing and integrated supply chain solutions.
Key updates on facility expansions, sustainability initiatives, and market positioning within the energy sector. Bookmark this page for direct access to verified information supporting informed analysis of AESI’s performance and industry impact.
Atlas Energy Solutions Inc. (NYSE: AESI) has announced the appointment of Chris Scholla as Chief Operating Officer, effective August 5, 2024. Scholla, currently serving as the company's Chief Supply Chain Officer, has been with Atlas since 2017. He initially joined as Vice President of Supply Chain and Logistics before being promoted to his current role in November 2022.
In his tenure, Scholla has been instrumental in enhancing profitability and operational efficiency. He has overseen end-to-end supply chain operations, customer service, and support. Notably, Scholla led Atlas's entry into the oilfield logistics market in 2019 and has been managing the company's strategic logistics growth initiatives.
John Turner, President and CEO of Atlas, praised Scholla's contributions and innovative spirit, expressing confidence in his ability to advance the company's mission and strategy in his new role as COO.
Atlas Energy Solutions Inc. (NYSE: AESI) reported its Q2 2024 financial results, highlighting total sales of $287.5 million, a 49% increase from Q1 2024. The company's net income was $14.8 million with a 5% net income margin, while Adjusted EBITDA reached $72.0 million with a 25% margin. Atlas declared an increased quarterly dividend of $0.23 per share, payable on August 22, 2024.
Key highlights include:
- Net cash provided by operating activities: $60.9 million
- Adjusted Free Cash Flow: $66.6 million (23% margin)
- Dune Express construction remains on-time and on-budget
- Total liquidity as of June 30, 2024: $279.2 million
The company expects Q3 2024 financial results to improve significantly following the completion of the Kermit Feed System reconstruction.
Atlas Energy Solutions (NYSE: AESI) and Kodiak Robotics have partnered to introduce autonomous trucking technology in the Permian Basin. The companies completed their first driverless delivery of frac sand over a 21-mile route in West Texas. Atlas has ordered Kodiak-equipped driverless trucks for frac sand delivery across private lease roads. Commercial operations are set to launch early next year with two trucks using Kodiak's autonomous system.
The partnership aims to address challenges in the harsh Permian Basin environment, including dust storms and extreme heat. Atlas will own the trucks, while Kodiak provides its Driver technology and operational support. This collaboration marks a significant step in oilfield logistics and the commercial deployment of autonomous vehicles in the energy sector.
Atlas Energy Solutions (NYSE: AESI) will release its second quarter 2024 earnings after market close on August 5, 2024. The company will discuss financial and operational results in a conference call at 9:00am Central Time (10:00am Eastern Time) on August 6, 2024. A live webcast and archived materials will be accessible via the company's website.
Atlas Energy Solutions (NYSE: AESI) announced the appointment of Brian McConn as Executive Vice President, Sales, and Marketing. CEO John Turner emphasized Brian's extensive industry knowledge and leadership in sales organizations as key assets for the company's expanded customer-focused initiatives. Brian McConn brings over 10 years of experience in commercial strategy, having held senior roles at Hi-Crush, Vista Proppants and Logistics, and Halliburton. He holds a B.A. degree from The University of Texas at Austin.
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.
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