Atlas Energy closes Hi-Crush Permian acquisition; acquired biz had $587.5M revenue, $125.5M net income in 2023

Atlas Energy Solutions Inc.

Hi-Crush carve-out revenue $587.5M in 2023 (+37% YoY); net income $125.5M (+87% YoY).
Gross profit $167.2M (28.5% margin); total assets $282.4M as of Dec 31, 2023.
Pro forma unaudited financials filed; deal closed March 5, 2024 for Permian proppant & logistics assets.
Hi-Crush had $30.5M cash and low debt ($3.6M total); operating cash flow $157.5M in 2023.
Acquisition expected to expand Atlas's Permian sand mine and logistics footprint.

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