Atlas Energy Solutions reports 2023 results and announces transformative acquisition of Hi-Crush Inc.

Atlas Energy Solutions Inc.

Total sales of $614.0M (11.0M tons), net income $226.5M (37% margin), adjusted EBITDA $329.7M (54% margin).
Adjusted free cash flow $291.1M (47% margin); net cash from operations $299.0M.
Quarterly dividend increased 5% to $0.21/share ($0.16 fixed, $0.05 variable), payable Feb 29, 2024.
Announced transformative acquisition of Hi-Crush Inc.; no financial terms disclosed.
Dune Express construction on time/budget; new Kermit facility fully commissioned Dec 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Atlas Energy Solutions Inc. reported the fiscal year ended December 31, 2023 results: revenue $613,960, net income $226,493.

Period: the fiscal year ended December 31, 2023
Revenue: $613,960
Net income: $226,493
Result: reported results

Exact text from the filing

acquisition of Hi-Crush Inc. Please refer to our accompanying materials on this acquisition released today Financial Summary For Year Ended December 31, 2023 2022 2021 Sales $ 613,960 $ 482,724 $ 172,404 Net income $ 226,493 $ 217,006 $ 4,258 Net Income Margin 37 % 45 % 2 % Adjusted EBITDA $ 329,655 $ 264,026 $ 71,968 Adjusted EBITDA Margin 54 % 55 % 42 % Net

View on SEC.gov

Browse all earnings releases →

Atlas Energy Solutions Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-020605

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.