Q - Atlas Energy Solutions
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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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.
Jun 30, 2025 · Filed Aug 5, 2025
AESI$5.54+2.4%Stored close · as of Nov 9, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Product revenue | $126,328 | $128,210 | $265,973 | $241,642 |
| Service revenue | 146,355 | 159,308 | 296,964 | 238,543 |
| Rental revenue | 15,993 | — | 23,330 | — |
| Total revenue | 288,676 | 287,518 | 586,267 | 480,185 |
| Cost of sales (excluding depreciation, depletion and accretion expense) | 195,904 | 202,136 | 401,967 | 308,882 |
| Depreciation, depletion and accretion expense | 40,633 | 25,027 | 77,633 | 42,202 |
| Gross profit | 52,139 | 60,355 | 106,667 | 129,101 |
| Selling, general and administrative expense (including stock-based compensation expense of $8,290, $5,466, $14,808, and $9,672, respectively) | 34,371 | 27,266 | 68,783 | 55,249 |
| Credit loss expense | 4,110 | — | 4,110 | 25 |
| Amortization expense of acquired intangible assets | 6,465 | 3,768 | 11,250 | 4,829 |
| Loss on disposal of assets | — | 11,098 | — | 11,098 |
| Insurance recovery (gain) | — | (10,000) | — | (10,000) |
| Operating income | 7,193 | 28,223 | 22,524 | 67,900 |
| Interest (expense), net | (14,798) | (10,458) | (26,876) | (15,436) |
| Other income, net | 370 | 138 | 629 | 161 |
| Income (loss) before income taxes | (7,235) | 17,903 | (3,723) | 52,625 |
| Income tax expense (benefit) | (1,677) | 3,066 | 616 | 11,001 |
| Net income (loss) | $(5,558) | $14,837 | $(4,339) | $41,624 |
| Net income (loss) per common share | ||||
| Basic | $(0.04) | $0.13 | $(0.04) | $0.39 |
| Diluted | $(0.04) | $0.13 | $(0.04) | $0.39 |
| Weighted average common shares outstanding | ||||
| Basic | 123,655 | 111,064 | 120,965 | 106,394 |
| Diluted | 123,655 | 112,023 | 120,965 | 107,171 |
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