Atlas Energy Solutions Inc. Reports $1.095 Billion Revenue and $50.3 Million Net Loss for Fiscal Year 2025

**Atlas Energy Solutions Inc. Reports Fiscal Year 2025 Results**

Atlas Energy Solutions Inc. (AESI), a proppant producer, logistics, and distributed power solutions provider primarily serving the Permian Basin, released its 10-K filing, detailing its financial performance for the fiscal year 2025. The company reported total revenue of $1.095 billion, compared to $1.056 billion in 2024 and $614.0 million in 2023. Product revenue amounted to $478.0 million, a decrease from $515.4 million in the previous year, while service revenue increased to $558.8 million from $540.5 million. Rental revenue, stemming from the Moser Acquisition, contributed $58.6 million. The company reported a net loss of $50.3 million, a significant shift from the net income of $59.9 million in 2024 and $226.5 million in 2023.

The company's cost of sales (excluding depreciation, depletion, and accretion) increased to $784.5 million, up from $725.2 million in 2024. Depreciation, depletion, and accretion expenses also rose to $160.1 million. Selling, general, and administrative expenses increased to $138.8 million, which included $33.2 million in stock-based compensation. The company also reported a credit loss expense of $4.8 million and amortization expense of acquired intangible assets of $23.5 million. The company reported a loss on disposal of assets of $0 million, compared to $19.7 million in 2024. The company reported an insurance recovery gain of $2.2 million, compared to $20.1 million in 2024.

Operationally, Atlas Energy Solutions highlighted several strategic developments. The company completed the Moser Acquisition for $221.4 million and the PropFlow Acquisition for $30.9 million. The company also conducted an underwritten public offering of 11.5 million shares of its common stock at $23.00 per share, generating net proceeds of $253.1 million. These proceeds were used to repay debt and for general corporate purposes. The company also repurchased 16,380 shares of common stock for $200,000 under its share repurchase program. As of December 31, 2025, the company had 1,511 employees, with 191 in corporate headquarters and 1,320 in field locations.

Looking ahead, Atlas Energy Solutions noted the suspension of its quarterly dividend program to preserve capital flexibility for growth opportunities, particularly in the power segment. The company also entered into a reservation agreement for $278.3 million for the manufacture of approximately 240 megawatts of power generation equipment, with deliveries expected to begin in late-2026. The company's 10-K filing also includes a summary of risk factors, cautioning investors about various uncertainties, including fluctuations in oil and natural gas prices, competition, regulatory changes, and potential environmental liabilities. The company's proven and probable sand reserves were estimated at 571.3 million tons as of December 31, 2025.