Atlas Energy Solutions
Mines and delivers Permian frac sand while supplying distributed natural-gas power.
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Profile
Mines Permian Basin frac sand and earns product and logistics revenue by delivering it to wellsites through trucking, wellsite equipment, and the Dune Express conveyor. A separate Power segment rents natural-gas generators for oilfield loads and is expanding into behind-the-meter private generation.
Mines and processes locally sourced frac sand, then sells it at the mine or as an integrated mine-to-wellhead service. The Sand and Logistics segment combines fixed plants and mobile OnCore mines with trucking, wellsite equipment, and the Dune Express conveyor, concentrating operations in the Permian Basin of West Texas and New Mexico.
Rents and operates natural-gas generators through the Power segment for oilfield production and artificial lift across major U.S. resource basins. The business is also building behind-the-meter private generation for technology infrastructure, extending the segment beyond oilfield rentals.
Remote monitoring, automated plants, and integrated delivery coordinate production with wellsite demand. Results depend on Permian completion activity, large customers, operating permits, generator suppliers, and customers continuing to outsource power needs.
Company facts
Key statistics
Year to date +32.3% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Piper Sandler | Target | $19 | $15 | ||
| Aug 7, 2026 | Goldman Sachs | Target | $14 | $12 | ||
| Aug 7, 2026 | Barclays | Reiterate | Underweight | $14 | $10 | |
| Aug 6, 2026 | Stifel Nicolaus | Target | $28 | $25 | ||
| Aug 5, 2026 | RBC Capital | Reiterate | Sector Perform | $20 | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$0.15 | −$0.18 | −22.3% | $282.2M | $293.2M | +3.9% | 0.00% |
| May 4, 2026Q1 FY26 | −$0.23 | −$0.36 | −56.5% | $256.4M | $265.6M | +3.6% | +8.28% |
| Feb 23, 2026Q4 FY25 | −$0.22 | −$0.22 | 0.0% | $240.3M | $249.4M | +3.8% | −5.73% |
| Nov 3, 2025Q3 FY25 | −$0.03 | −$0.13 | −333.3% | $239.5M | $259.6M | +8.4% | −15.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $297.6M | $288.7M | $259.6M | $249.4M | $265.6M | $293.2M | |
| Gross profit | $54.5M | $52.1M | $16.5M | $12.3M | −$1.7M | $17.4M | |
| Operating income | $15.3M | $7.2M | −$17.9M | −$19.9M | −$35.7M | −$20.0M | |
| Net income | $1.2M | −$5.6M | −$23.7M | −$22.2M | −$47.3M | −$25.1M | |
| Diluted EPS | $0.01 | −$0.04 | −$0.19 | −$0.18 | −$0.38 | −$0.20 | |
| Gross margin | 18.3% | 18.1% | 6.3% | 4.9% | -0.6% | 5.9% | |
| Operating margin | 5.2% | 2.5% | -6.9% | -8.0% | -13.4% | -6.8% |
Fiscal years (4-quarter sums)FY21 $172.4M · FY22 $482.7M · FY23 $614.0M · FY24 $1.06B · FY25 $1.10B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $168.2M · Total debt $966.7M · Total assets $2.56B · Shareholders' equity $1.11B
Dividends
Last raised to $0.25 from $0.24 in Feb 2025.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2025 | Aug 14 | Aug 21 | $0.25 | |
| May 15, 2025 | May 15 | May 22 | $0.25 | |
| Feb 21, 2025 | Feb 21 | Feb 28 | $0.25 | raised from $0.24 |
| Nov 7, 2024 | Nov 7 | Nov 14 | $0.24 | raised from $0.23 |
| Aug 15, 2024 | Aug 15 | Aug 22 | $0.23 | raised from $0.21 |
| May 15, 2024 | May 16 | May 23 | $0.22 | special dividend |
| Feb 21, 2024 | Feb 22 | Feb 29 | $0.21 | raised from $0.20 |
| Nov 8, 2023 | Nov 9 | Nov 16 | $0.20 | special dividend |
Ownership
Shares outstanding 124.91M · Float 79.65M · 63.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.17M | 10.55% | 13F | Aug 7, 2026 |
| Gregory M. Shepard · other: See Remarks | 7.42M | 5.94% | Form 4 | Feb 19, 2026 |
| Encompass Capital Advisors LLC | 6.54M | 5.24% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 5.03M | 4.03% | 13F | Aug 13, 2026 |
| UBS Group AG | 3.84M | 3.08% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 6, 2026 | Chris Scholla | 10 percent owner, other: Member of 10% Owner Group | −8,912 | $11.79 |
| Feb 18, 2026 | Gregory M. Shepard | other: See Remarks | −130,000 | $11.98 |
| Feb 17, 2026 | Gregory M. Shepard | other: See Remarks | −100,000 | $11.75 |
| Nov 18, 2025 | Chris Scholla | 10 percent owner, other: Member of 10% Owner Group | −52,150 | $8.82 |
Peers
- ProFrac
Vertically integrated frac services with captive in-basin sand across US basins
- Solaris Energy Infrastructure
Mobile distributed power generation and oilfield proppant logistics, Houston TX
- ProPetro
Permian frac-and-power services platform with integrated wet-sand handling
- Smart Sand
Northern White frac-sand producer with rail logistics and SmartSystems last-mile tools
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Atlas Energy Solutions | $12.85 | −0.04% | $1.61B | — | — | 1.5 | +1.6% |
| ProFrac | $4.99 | −0.20% | $902.8M | — | — | 0.5 | −0.8% |
| Solaris Energy Infrastructure | $49.94 | +0.12% | $3.06B | 58.6 | 58.4 | 4.0 | +46.9% |
| ProPetro | $10.81 | −1.59% | $1.35B | — | 57.2 | 1.2 | −6.2% |
| Smart Sand | $5.20 | −0.38% | $223.5M | 20.0 | — | 0.6 | +34.1% |
| Median | 39.3 | 57.8 | 0.9 | +16.7% |