Atlas Energy Solutions Announces Fourth Quarter and Year End 2023 Results; Signs Transformative Agreement to Acquire Hi-Crush Inc.
Atlas Energy Solutions Inc. (AESI)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today reported financial and operating results for the fiscal year ended December 31, 2023.Year End 2023 Financial Highlights and Operational UpdatesTotal sales of $614.0 million (on sales volumes of 11.0 million tons)Net income of $226.5 million (37% Net Income Margin)Adjusted EBITDA of $329.7 million (54% Adjusted EBITDA Margin) (1)Net cash provided by operating activities of $299.0 millionAdjusted Free Cash Flow of $291.1 million (47% Adjusted Free Cash Flow Margin) (1)Dune Express construction remains on-time and on-budgetNew Kermit facility was fully commissioned in December 2023Increased quarterly dividend by 5% to $0.21 per share ($0.16 per share fixed, $0.05 per share variable), payable February 29, 2024Announced transformative acquisition of Hi-Crush Inc. Please refer to our accompanying materials on this acquisition released todayFinancial Summary For Year Ended Decembe
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AESI
News
- Kermit Facility Operational Update [Yahoo! Finance]Yahoo! Finance
- Kermit Facility Operational UpdateBusiness Wire
- Atlas Energy Solutions Inc. (NYSE: AESI) had its price target raised by analysts at Raymond James from $26.00 to $27.00. They now have a "strong-buy" rating on the stock.MarketBeat
- Atlas Announces Timing of First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Atlas Announces Timing of First Quarter 2024 Earnings Release and Conference CallBusiness Wire
AESI
Earnings
- 2/27/24 - Miss
AESI
Sec Filings
- 4/19/24 - Form 4/A
- 4/19/24 - Form 4/A
- 4/19/24 - Form 4
- AESI's page on the SEC website