Atlas Energy Solutions downgraded by Pickering Energy Partners
$AESI
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
Pickering Energy Partners downgraded Atlas Energy Solutions from Outperform to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | Outperform → Neutral | Pickering Energy Partners | |
| 6/24/2024 | Buy | Tudor, Pickering, Holt & Co. | |
| 5/23/2024 | $27.00 | Buy | The Benchmark Company |
| 3/14/2024 | $24.00 | Buy | Goldman |
| 4/12/2023 | $24.00 | Buy | Johnson Rice |
| 4/4/2023 | $25.00 | Overweight | CapitalOne |
| 4/3/2023 | Buy | BofA Securities | |
| 4/3/2023 | $25.00 | Strong Buy | Raymond James |
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today reported financial and operating results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total sales of $304.4 million Net income of $3.9 million (1% Net Income Margin) Adjusted EBITDA of $71.1 million (23% Adjusted EBITDA Margin) (1) Net cash provided by operating activities of $85.2 million Adjusted Free Cash Flow of $58.7 million (19% Adjusted Free Cash Flow Margin) (1) Commissioning activities for the Dune Express underway Declares increased quarterly dividend of $0.24 per share, payable November 14, 2024 Financial Summary . Three Months Ended
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected to transform proppant logistics in the Permian Basin, began early this week. The system remains on-time and on-budget with the commercial transportation of proppant into the Delaware Basin scheduled to begin in late Q4. Additionally, the Company expects higher plant operating expenses to cause third quarter 2024 operating results to fall below prior guidance. The Company now expects third quarter 2024 revenue will be between $300 and $310 million with adjusted EBITDA of $70 to $75 million. Proppant sale
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today reported financial and operating results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total sales of $287.5 million Net income of $14.8 million (5% Net Income Margin) Adjusted EBITDA of $72.0 million (25% Adjusted EBITDA Margin) (1) Net cash provided by operating activities of $60.9 million Adjusted Free Cash Flow of $66.6 million (23% Adjusted Free Cash Flow Margin) (1) Dune Express construction remains on-time and on-budget Declares increased quarterly dividend of $0.23 per share, payable August 22, 2024 Financial Summary Three Months Ended
Pickering Energy Partners downgraded Atlas Energy Solutions from Outperform to Neutral
Tudor, Pickering, Holt & Co. initiated coverage of Atlas Energy Solutions with a rating of Buy
The Benchmark Company initiated coverage of Atlas Energy Solutions with a rating of Buy and set a new price target of $27.00
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today reported financial and operating results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total sales of $304.4 million Net income of $3.9 million (1% Net Income Margin) Adjusted EBITDA of $71.1 million (23% Adjusted EBITDA Margin) (1) Net cash provided by operating activities of $85.2 million Adjusted Free Cash Flow of $58.7 million (19% Adjusted Free Cash Flow Margin) (1) Commissioning activities for the Dune Express underway Declares increased quarterly dividend of $0.24 per share, payable November 14, 2024 Financial Summary . Three Months Ended
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected to transform proppant logistics in the Permian Basin, began early this week. The system remains on-time and on-budget with the commercial transportation of proppant into the Delaware Basin scheduled to begin in late Q4. Additionally, the Company expects higher plant operating expenses to cause third quarter 2024 operating results to fall below prior guidance. The Company now expects third quarter 2024 revenue will be between $300 and $310 million with adjusted EBITDA of $70 to $75 million. Proppant sale
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today announced that on August 22, 2024, the Company's Board of Directors (the "Board") increased the size of the Board from eight members to nine and elected John Turner, the Company's current Chief Executive Officer, to the Board, effective immediately. "John will bring an invaluable perspective to the Board through his extensive experience as an executive in the oil and gas industry," said Ben M. "Bud" Brigham, Executive Chairman of the Board. "He has been a remarkable leader for Atlas since our founding, and his knowledge and decades of operational and financial leadership in the industry will benefit the Board and add
10-Q - Atlas Energy Solutions Inc. (0001984060) (Filer)
8-K - Atlas Energy Solutions Inc. (0001984060) (Filer)
8-K - Atlas Energy Solutions Inc. (0001984060) (Filer)
Kodiak will outfit new Atlas high-capacity trucks with Kodiak's autonomous driving technology.
Atlas Energy Solutions (NYSE:AESI) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Atlas Energy Solutions and provided 12-month price targets. The average target is $26.5, accompanied by a high estimate of $28.00 and a low estimate of $24.00. Marking an incre
B of A Securities analyst Chase Mulvehill maintains Atlas Energy Solutions (NYSE:AESI) with a Buy and lowers the price target from $25 to $24.
SC 13G/A - Atlas Energy Solutions Inc. (0001984060) (Subject)
4 - Atlas Energy Solutions Inc. (0001984060) (Issuer)
4 - Atlas Energy Solutions Inc. (0001984060) (Issuer)
4 - Atlas Energy Solutions Inc. (0001984060) (Issuer)
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today announced the appointment of Chris Scholla, the Company's current Chief Supply Chain Officer, as Chief Operating Officer effective August 5, 2024. John Turner, President and Chief Executive Officer, commented, "Chris has made tremendous contributions to Atlas's success over his time with our Company, including as Chief Supply Chain Officer. With his leadership, our organization has made great strides in enhancing profitability and operational efficiency. His innovative spirit and commitment to advancing Atlas's mission and strategy make him the right person to serve as our Chief Operating Officer." Mr. Scholla join
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today announced the appointment of Brian McConn as Executive Vice President, Sales and Marketing. "We are excited to welcome Brian to our leadership team," said John Turner, President and Chief Executive Officer. "Brian brings broad industry knowledge, leadership, and experience in directing sales organizations through the market cycle, which will be invaluable to us under our recently broadened customer-focused offering." Mr. McConn is a seasoned executive with more than 10 years of experience leading the commercial strategy for large organizations and helping them pivot into new markets. Prior to joining the Company, M
Atlas Energy Solutions Inc. (NYSE:AESI) ("Atlas" or the "Company") today announced the appointment of Blake McCarthy as Chief Financial Officer, to be effective May 13, 2024. John Turner, President and Chief Executive Officer, commented, "We are very excited to have Blake join the Atlas team. His experience in integration, operations, and acquisitions, coupled with his deep understanding of financial markets and the oilfield service industry are a welcome addition to the Company." Mr. McCarthy is a seasoned executive with more than 15 years of experience serving in various oil and gas finance, investing, and public company roles. Prior to joining the Company, Mr. McCarthy has spent seve
4 - Atlas Energy Solutions Inc. (0001984060) (Issuer)
4 - Atlas Energy Solutions Inc. (0001984060) (Issuer)
4 - Atlas Energy Solutions Inc. (0001984060) (Issuer)