Atlas Energy Solutions Inc
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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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.
Sep 30, 2024 · Filed Oct 29, 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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Condensed Consolidated Statements of Operations
(In thousands, except per share data)
| Three Months Ended · Nine Months Ended | ||||||
|---|---|---|---|---|---|---|
| September 30, · September 30, | ||||||
| 2024 · 2023 · 2024 · 2023 | ||||||
| Product sales | $145,347 | $114,773 | $386,989 | $368,131 | ||
| Service sales | 159,087 | 42,843 | 397,630 | 104,691 | ||
| Total sales | 304,434 | 157,616 | 784,619 | 472,822 | ||
| Cost of sales (excluding depreciation, depletion and accretion expense) | 225,347 | 67,770 | 534,229 | 193,829 | ||
| Depreciation, depletion and accretion expense | 26,069 | 10,221 | 68,271 | 28,173 | ||
| Gross profit | 53,018 | 79,625 | 182,119 | 250,820 | ||
| Selling, general and administrative expense (including stock and unit-based compensation expense of $6,289, $1,414, $15,961, and $3,660, respectively) | 25,463 | 14,301 | 80,737 | 34,988 | ||
| Amortization expense of acquired intangible assets | 3,744 | — | 8,573 | — | ||
| Loss on disposal of assets | 8,574 | — | 19,672 | — | ||
| Insurance recovery (gain) | — | — | (10,000) | — | ||
| Operating income | 15,237 | 65,324 | 83,137 | 215,832 | ||
| Interest (expense), net | (11,193) | (1,496) | (26,629) | (5,459) | ||
| Other income | 289 | 136 | 450 | 438 | ||
| Income before income taxes | 4,333 | 63,964 | 56,958 | 210,811 | ||
| Income tax expense | 415 | 7,637 | 11,416 | 20,368 | ||
| Net income | $3,918 | $56,327 | $45,542 | $190,443 | ||
| Less: Pre-IPO net income attributable to Atlas Sand Company, LLC | — | 54,561 | ||||
| Less: Net income attributable to redeemable noncontrolling interest | 26,887 | 66,190 | ||||
| Net income attributable to Atlas Energy Solutions Inc. | $3,918 | $29,440 | $45,542 | $69,692 | ||
| Net income per common share | ||||||
| Basic | $0.04 | $0.51 | $0.42 | $1.22 | ||
| Diluted | $0.04 | $0.51 | $0.42 | $1.21 | ||
| Weighted average common shares outstanding | ||||||
| Basic | 109,883 | 57,237 | 107,570 | 57,189 | ||
| Diluted | 111,078 | 57,928 | 108,562 | 57,746 | ||
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