Atlas Energy Solutions Inc

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

AESI$5.36-3.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended
	March 31,
2024 · 2023
Product sales	$113,432		$128,142
Service sales	79,235		25,276
Total sales	192,667		153,418
Cost of sales (excluding depreciation, depletion and accretion expense)	106,746		62,555
Depreciation, depletion and accretion expense	17,175		8,519
Gross profit	68,746		82,344
Selling, general and administrative expense (including stock and unit-based compensation expense of $4,206 and $622, for the three months ended March 31, 2024 and 2023, respectively)	29,069		8,504
Operating income	39,677		73,840
Interest expense, net	(4,978)		(3,442)
Other income	23		184
Income before income taxes	34,722		70,582
Income tax expense	7,935		7,677
Net income	$26,787		$62,905
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC		54,561
Less: Net income attributable to redeemable noncontrolling interest		6,610
Net income attributable to Atlas Energy Solutions Inc.	$26,787		$1,734
Net income per common share
Basic	$0.26		$0.03
Diluted	$0.26		$0.03
Weighted average common shares outstanding
Basic	102,931		57,148
Diluted	103,822		57,408

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.