Atlas Energy Solutions Reports Q2 2025 Revenue of $288.7 Million, Net Loss of $5.6 Million

Atlas Energy Solutions Inc. reported its financial results for the second quarter of 2025, revealing total revenue of $288.7 million, a slight increase from $287.5 million in the same period of 2024. The company's product revenue decreased to $126.3 million from $128.2 million, primarily due to lower proppant prices, which offset a rise in sales volume. Service revenue also fell to $146.4 million from $159.3 million, attributed to decreased logistics prices. However, rental revenue of $16.0 million was recorded for the first time, following the acquisition of Moser Energy Systems, contributing to the overall revenue growth.

In terms of profitability, Atlas reported a net loss of $5.6 million for the quarter, compared to a net income of $14.8 million in the prior year. This decline was influenced by increased operating expenses, including a rise in selling, general, and administrative expenses, which reached $34.4 million, up from $27.3 million. Additionally, credit loss expenses of $4.1 million were recognized due to disputes with a counterparty, marking a significant change from the previous year when no such expenses were reported. The company's operating income also fell to $7.2 million from $28.2 million year-over-year.

The company has made significant strategic moves, including the completion of the Moser Acquisition on February 24, 2025, for a total consideration of approximately $222.9 million. This acquisition is expected to enhance Atlas's capabilities in the distributed power market, with Moser contributing $16.0 million in revenue during the second quarter. Furthermore, Atlas has expanded its operational footprint, with total assets increasing to $2.25 billion as of June 30, 2025, up from $1.97 billion at the end of 2024, largely due to the acquisition and increased investments in property, plant, and equipment.

Operationally, Atlas reported a total employee headcount of 1,200 as of June 30, 2025, reflecting growth in its workforce to support expanded operations. The company also noted a significant increase in its spare part inventories, which rose to $38.1 million from $23.2 million, indicating preparations for increased operational capacity. The company’s cash and cash equivalents stood at $78.8 million, up from $71.7 million at the end of 2024, providing a solid liquidity position to support ongoing operations and future growth initiatives.

Looking ahead, Atlas Energy Solutions remains cautiously optimistic about its growth trajectory, despite the challenges posed by fluctuating commodity prices and geopolitical uncertainties. The company anticipates that demand for its products and services will remain strong, driven by ongoing recovery in the oil and gas sector and the integration of Moser's operations. However, management has acknowledged potential risks related to market conditions and operational costs, particularly in light of recent tariff increases that could impact raw material prices.