Atlas Energy Solutions Inc (AESI) financial statements: income statement, balance sheet and cash flow
Atlas Energy Solutions Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Atlas Energy Solutions Inc reported revenue of $1.1B (+3.7% year on year) and net income of ($50.3M) (-183.9% year on year).
Income statement
Atlas Energy Solutions Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Total revenue
$1.1B
$1.1B
$614.0M
Cost of sales (excluding depreciation, depletion and accretion expense)
$784.5M
$725.2M
$260.4M
Depreciation, depletion and accretion expense
$160.1M
$98.7M
$39.8M
Gross profit
$150.7M
$232.0M
$313.8M
Selling, general and administrative expense (including stock and unit-based compensation expense of $33,227, $22,381, and $7,409, respectively)
$138.8M
$106.2M
$48.6M
Credit loss expense
$4.8M
—
—
Amortization expense of acquired intangible assets
$23.5M
$12.3M
—
Change in fair value of contingent consideration
($3.4M)
—
—
Loss on disposal of assets
$0
$19.7M
—
Insurance recovery (gain)
($2.2M)
($20.1M)
—
Operating income (loss)
($10.9M)
$113.9M
$265.1M
Interest (expense), net
($58.0M)
($38.6M)
($7.7M)
Other income, net
$727.0K
$551.0K
$430.0K
Income (loss) before income taxes
($68.2M)
$75.8M
$257.9M
Income tax expense (benefit)
($17.9M)
$15.8M
$31.4M
Net income (loss)
($50.3M)
$59.9M
$226.5M
Net income (loss) attributable to Atlas Energy Solutions, Inc.
($50.3M)
$59.9M
$105.4M
Net income (loss) per common share, Basic
-$0.41
$0.55
$1.50
Net income (loss) per common share, Diluted
-$0.41
$0.55
$1.48
Weighted average common shares outstanding, Basic
122.4M
108.2M
70.5M
Weighted average common shares outstanding, Diluted
122.4M
109.2M
71.0M
Atlas Energy Solutions Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total revenue
$293.2M
$265.6M
$259.6M
$288.7M
Cost of sales (excluding depreciation, depletion and accretion expense)
$221.3M
$214.0M
$195.2M
$195.9M
Depreciation, depletion and accretion expense
$46.0M
$45.2M
$40.6M
$40.6M
Gross profit
$25.9M
$6.3M
$23.8M
$52.1M
Selling, general and administrative expense (including stock-based compensation expense of $8,683, $8,290, $17,125 and $14,808, respectively)
$39.4M
$35.7M
$36.3M
$34.4M
Credit loss expense
$0
$17.0K
$97.0K
$4.1M
Amortization expense of acquired intangible assets
$6.4M
$6.4M
$5.9M
$6.5M
Litigation settlement expense, net
$2.5M
—
—
—
Insurance recovery (gain)
$0
($3.3M)
$0
$0
Operating income (loss)
($22.5M)
($32.5M)
($18.5M)
$7.2M
Interest (expense), net
($16.2M)
($15.8M)
($15.0M)
($14.8M)
Loss on early payoff of lease financing
($6.8M)
—
—
—
Other income (expense), net
$41.0K
$486.0K
($3.0K)
$370.0K
Loss before income taxes
($45.5M)
($47.8M)
($33.6M)
($7.2M)
Income tax expense (benefit)
($20.4M)
($510.0K)
($9.8M)
($1.7M)
Net loss
($25.1M)
($47.3M)
($23.7M)
($5.6M)
Net income (loss) per common share, Basic
-$0.20
-$0.38
-$0.19
-$0.04
Net income (loss) per common share, Diluted
-$0.20
-$0.38
-$0.19
-$0.04
Weighted average common shares outstanding, Basic
124.9M
124.6M
123.7M
123.7M
Weighted average common shares outstanding, Diluted
124.9M
124.6M
123.7M
123.7M
Balance sheet
Atlas Energy Solutions Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cash and cash equivalents
$40.6M
$71.7M
$210.2M
Accounts receivable, net
$180.7M
$166.0M
$71.2M
Accounts receivable - related parties
$72.0K
—
$0
Inventories
$13.6M
$17.3M
$6.4M
Spare part inventories, net
$48.1M
$23.2M
—
Prepaid expenses and other current assets
$24.4M
$11.2M
$15.5M
Total current assets
$307.5M
$289.4M
$318.7M
Property, plant and equipment, net
$1.5B
$1.5B
$934.7M
Operating lease right-of-use assets
$10.7M
$13.6M
$3.7M
Finance lease right-of-use assets
$33.1M
$5.0M
$424.0K
Goodwill
$152.9M
$69.0M
—
Intangible assets, net
$182.2M
$105.9M
—
Other long-term assets
$1.2M
$3.5M
$4.2M
Total assets
$2.2B
$2.0B
$1.3B
Accounts payable
$69.2M
$119.0M
$60.9M
Accounts payable - related parties
$37.0K
$226.0K
$277.0K
Accrued liabilities
$84.6M
$60.3M
$28.5M
Current portion of long-term debt
$40.7M
$43.7M
$0
Current portion of operating lease liabilities
$347.0K
$6.6M
—
Current portion of finance lease liabilities
$6.4M
$2.8M
—
Current portion of deferred revenue
$1.4M
$7.8M
—
Other current liabilities
$8.4M
$2.6M
$3.0M
Total current liabilities
$211.1M
$243.1M
$92.6M
Long-term debt, net of discount and deferred financing costs
$538.2M
$467.0M
$172.8M
Deferred tax liabilities
$221.6M
$206.9M
$121.5M
Operating lease liabilities
$11.1M
$7.5M
—
Finance lease liabilities
$25.0M
$2.5M
—
Asset retirement obligation
$6.9M
$7.0M
—
Other long-term liabilities
$5.5M
$2.2M
$6.9M
Total liabilities
$1.0B
$936.1M
$393.9M
Preferred stock, $0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of December 31, 2025 and 2024.
0
0
0
Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 124,111,436 shares and 110,217,322 shares issued and outstanding as of December 31, 2025 and 2024, respectively.
1.2M
1.1M
1.0M
Additional paid-in-capital
$1.3B
$1.0B
$908.1M
Accumulated deficit
($50.3M)
$0
($41.3M)
Total stockholders' equity
$1.2B
$1.0B
$867.8M
Total liabilities and stockholders' equity
$2.2B
$2.0B
$1.3B
Atlas Energy Solutions Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$168.2M
$39.8M
$41.3M
$78.8M
Accounts receivable, net
$217.5M
$208.4M
$184.6M
$186.0M
Accounts receivable - related parties
$0
$0
—
—
Inventories
$12.5M
$12.8M
$11.9M
$17.5M
Spare part inventories, net
$51.9M
$53.3M
$45.0M
$38.1M
Prepaid expenses and other current assets
$28.9M
$21.7M
$14.4M
$14.1M
Total current assets
$479.1M
$335.9M
$297.2M
$334.5M
Property, plant and equipment, net
$1.5B
$1.6B
$1.6B
$1.6B
Operating lease right-of-use assets
$17.5M
$13.9M
$12.1M
$13.5M
Finance lease right-of-use assets
$67.1M
$56.9M
$14.5M
$9.8M
Goodwill
$152.9M
$152.9M
$156.7M
$137.3M
Intangible assets, net
$169.5M
$176.3M
$189.2M
$198.2M
Other long-term assets
$128.4M
$1.1M
$3.2M
$3.3M
Total assets
$2.6B
$2.3B
$2.2B
$2.2B
Accounts payable
$84.2M
$101.0M
$92.8M
$90.6M
Accounts payable - related parties
$67.0K
$25.0K
$37.0K
$84.0K
Accrued liabilities
$97.1M
$95.6M
$74.8M
$72.1M
Current portion of long-term debt
$52.5M
$65.6M
$38.1M
$36.4M
Current portion of operating lease liabilities
$3.2M
$3.1M
$1.3M
$2.3M
Current portion of finance lease liabilities
$11.9M
$9.3M
$4.0M
$3.5M
Current portion of deferred revenue
$4.0M
$4.7M
$3.0M
$4.7M
Other current liabilities
$9.7M
$6.7M
$6.5M
$5.2M
Total current liabilities
$262.7M
$286.1M
$220.6M
$214.7M
Long-term debt, net of discount and deferred financing costs
$914.2M
$557.0M
$518.4M
$492.1M
Deferred tax liabilities
$189.9M
$216.5M
$228.4M
$240.8M
Operating lease liabilities
$17.1M
$13.7M
$11.6M
$12.2M
Finance lease liabilities
$50.3M
$43.8M
$10.2M
$6.1M
Asset retirement obligation
$6.4M
$7.1M
$7.0M
$7.4M
Other long-term liabilities
$1.6M
$5.5M
$13.8M
$3.1M
Total liabilities
$1.4B
$1.1B
$1.0B
$976.4M
Preferred stock, $0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025.
0
0
0
0
Common Stock, $0.01 par value, 1,500,000,000 shares authorized, 125,002,528 shares and 124,111,436 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.
1.3M
1.2M
1.2M
1.2M
Additional paid-in-capital
$1.2B
$1.3B
$1.3B
$1.3B
Accumulated deficit
($122.7M)
($97.6M)
($28.1M)
($4.3M)
Total stockholders' equity
$1.1B
$1.2B
$1.2B
$1.3B
Total liabilities and stockholders' equity
$2.6B
$2.3B
$2.2B
$2.2B
Cash flow statement
Atlas Energy Solutions Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net income (loss)
($50.3M)
$59.9M
$226.5M
Depreciation, depletion and accretion expense
$165.5M
$102.2M
$41.6M
Amortization expense of acquired intangible assets
$23.5M
$12.3M
—
Amortization of debt discount
$5.7M
$3.6M
$761.0K
Amortization of deferred financing costs
$403.0K
$435.0K
$337.0K
Change in fair value of contingent consideration
($3.4M)
—
—
Loss on disposal of assets
$0
$19.7M
—
Stock and unit-based compensation
$33.2M
$22.4M
$7.4M
Deferred income tax
($17.5M)
$15.0M
$29.2M
Credit loss expense
$4.8M
—
—
Other
$2.2M
($1.6M)
$139.0K
Accounts receivable
($10.8M)
($13.1M)
$2.2M
Accounts receivable - related party
($72.0K)
$0
$868.0K
Inventories
$3.7M
($6.6M)
($835.0K)
Spare part inventories
($15.5M)
($4.7M)
($4.6M)
Prepaid expenses and other current assets
($14.7M)
$6.5M
($10.0M)
Other long-term assets
$2.2M
($644.0K)
($1.4M)
Accounts payable
($25.1M)
$22.9M
$5.2M
Accounts payable - related parties
($204.0K)
($51.0K)
$123.0K
Deferred revenue
($7.3M)
($2.5M)
$0
Accrued liabilities and other liabilities
$21.0M
$20.8M
$1.6M
Net cash provided by operating activities
$117.3M
$256.5M
$299.0M
Purchases of property, plant and equipment
($148.3M)
($374.0M)
($365.5M)
Acquisitions, net of cash acquired
($204.2M)
($153.4M)
—
Proceeds from insurance recovery
$7.6M
$14.7M
—
Net cash used in investing activities
($344.8M)
($512.7M)
($365.5M)
Proceeds from equity offering, net of issuance costs
$253.1M
—
—
Proceeds from term loan borrowing
$186.8M
$168.5M
$0
Proceeds from ABL credit facility
$50.0M
$70.0M
—
Principal payments on term loan borrowings
($17.5M)
($14.4M)
($16.6M)
Payment on ABL credit facility
($70.0M)
—
—
Payment on Deferred Cash Consideration Note
($101.3M)
—
—
Issuance costs associated with debt financing
($281.0K)
($1.2M)
($4.4M)
Payments under finance leases
($4.0M)
($2.6M)
—
Repayment of equipment finance notes
($5.5M)
($3.6M)
—
Dividends and distributions
($92.3M)
($96.9M)
($62.2M)
Taxes withheld on vesting RSUs
($2.5M)
($2.1M)
—
Repurchases of Common Stock under share repurchase program
($200.0K)
—
—
Net proceeds from IPO
$0
$0
$303.4M
Payment of offering costs
$0
$0
($6.0M)
Member distributions prior to IPO
$0
$0
($15.0M)
Prepayment fee on 2021 Term Loan Credit Facility
$0
$0
($2.6M)
Net cash provided by financing activities
$196.4M
$117.8M
$194.6M
Net increase (decrease) in cash and cash equivalents
($31.1M)
($138.5M)
$128.2M
Cash and cash equivalents, beginning of period
$71.7M
$210.2M
$82.0M
Atlas Energy Solutions Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net loss
($72.4M)
($47.3M)
($28.1M)
($4.3M)
Depreciation, depletion and accretion expense
$95.0M
$46.9M
$122.0M
$80.0M
Amortization expense of acquired intangible assets
$12.8M
$6.4M
$17.1M
$11.3M
Amortization of debt discount
$2.5M
$1.1M
$3.9M
$2.5M
Amortization of deferred financing costs
$1.9M
$97.0K
$301.0K
$203.0K
Stock-based compensation
$17.1M
$8.4M
$24.2M
$14.8M
Gain on sales of power equipment
($2.2M)
($1.3M)
$0
$0
Loss on early payoff of lease financing
$6.8M
—
—
—
Deferred income tax
($20.9M)
($5.1M)
($10.8M)
($1.6M)
Credit loss expense
$17.0K
$17.0K
$4.2M
$4.1M
Other
$999.0K
($51.0K)
($104.0K)
($230.0K)
Accounts receivable
($40.1M)
($31.0M)
($11.9M)
($16.9M)
Accounts receivable - related party
$72.0K
$72.0K
—
—
Inventories
$1.6M
$841.0K
$5.5M
($164.0K)
Spare part inventories
($4.2M)
($5.2M)
($10.7M)
($4.3M)
Prepaid expenses and other current assets
($16.8M)
($3.0M)
($3.0M)
($2.4M)
Other long-term assets
($2.1M)
($8.0K)
$203.0K
$97.0K
Accounts payable
$16.6M
$27.2M
($5.7M)
($9.5M)
Accounts payable - related parties
$30.0K
($13.0K)
($204.0K)
($142.0K)
Deferred revenue
$2.6M
$3.3M
($5.7M)
($4.0M)
Lease incentive receipts
$2.1M
$2.1M
—
—
Accrued liabilities and other liabilities
$17.1M
$15.6M
$12.5M
$11.8M
Net cash provided by operating activities
$18.4M
$19.0M
$113.6M
$81.2M
Purchases of property, plant and equipment
($183.1M)
($29.3M)
($126.5M)
($92.7M)
Proceeds from sales of power equipment
$5.6M
$3.3M
—
—
Proceeds from insurance recovery
$3.3M
$3.3M
$5.4M
$5.4M
Acquisitions, net of cash acquired
$0
$0
($204.2M)
($181.5M)
Net cash used in investing activities
($174.1M)
($22.6M)
($325.2M)
($268.8M)
Proceeds from issuance of convertible senior notes
$436.5M
—
—
—
Purchase of capped calls related to convertible senior notes
($49.7M)
—
—
—
Proceeds from ABL credit facility
$25.0M
$25.0M
$25.0M
$0
Principal payments on term loan borrowings
($12.0M)
($5.2M)
($14.2M)
($9.5M)
Payment on Deferred Cash Consideration Note
($11.1M)
($11.1M)
($101.3M)
($101.3M)
Payment on ABL credit facility
($75.0M)
$0
($70.0M)
($70.0M)
Payments under finance leases
($4.9M)
($2.1M)
($2.6M)
($1.7M)
Repayment of equipment finance notes
($17.5M)
($2.6M)
($3.7M)
($2.1M)
Issuance costs associated with debt financing
($1.1M)
$0
($146.0K)
($146.0K)
Premium on early payoff of lease financing
($4.9M)
—
—
—
Taxes withheld on vesting equity awards
($2.0M)
($1.2M)
($1.3M)
($1.0M)
Proceeds from equity offering, net of issuance costs
$0
$0
$253.1M
$253.1M
Proceeds from term loan borrowings
$0
$0
$188.8M
$188.8M
Dividends
$0
$0
($92.3M)
($61.3M)
Repurchases of Common Stock under share repurchase program