secwatch.observer — SEC 8-K summary
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Issuer:     Atlas Energy Solutions Inc. (AESI)
CIK:        0001984060
Form:       8-K/A
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001104659-24-058683
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1984060/000110465924058683/0001104659-24-058683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1984060/000110465924058683/tm2413159d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-058683

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer