AESI

EX-99.1

2 aesi-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Atlas Energy Solutions Announces Third Quarter 2026 Results

Austin, TX – November 2, 2026 – Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today reported financial and operating results for the third quarter ended September 30, 2026.

Third Quarter 2026 Highlights

• Total revenue of $267.8 million, net loss of $45.1 million and Adjusted EBITDA of $30.3 million

• Net cash generated from operating activities of $23.4 million and Adjusted Free Cash Flow of $25.3 million

• Announced two Cost Reimbursement Agreements ("CRA") with a leading frontier AI lab supporting balance-of-plant equipment and an incremental 283 megawatts ("MW") to enable two significant data center projects

• Completed $424 million Senior Secured Bridge Facility provided by Goldman Sachs and Barclays subsequent to quarter end

• Positioned to enter 2027 with more than 23 million allocated tons

Financial Summary

Three Months Ended

September 30, 2026

June 30, 2026

March 31, 2026

September 30, 2025

(unaudited, in thousands, except percentages)

Revenue

$

267,778

$

293,178

$

265,583

$

259,613

Net loss

$

(45,115

)

$

(25,096

)

$

(47,264

)

$

(23,721

)

Net loss Margin

(17

%)

(9

%)

(18

%)

(9

%)

Adjusted EBITDA (1)

$

30,317

$

50,848

$

31,059

$

41,588

Adjusted EBITDA Margin (1)

11

%

17

%

12

%

16

%

Net cash provided by (used in) operating activities

$

23,406

$

(553

)

$

18,996

$

32,447

Adjusted Free Cash Flow (1)

$

25,337

$

38,265

$

7,748

$

23,386

Adjusted Free Cash Flow Margin (1)

9

%

13

%

3

%

9

%

(1) Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow, and Adjusted Free Cash Flow Margin are non-GAAP financials measures. See Non-GAAP Financial Measures for a discussion of these measures and a reconciliation of these measures to our most directly comparable financial measures calculated and presented in accordance with GAAP.

John Turner, President & CEO, commented, “During the third quarter, we took significant steps in our methodical approach to building out our behind-the-meter power business. Our plan is simple: secure the equipment, sign the contracts, lock in long-term financing, and deliver. Our CRAs with a leading frontier AI lab and our new $424 million bridge facility have significantly reduced the near-term financing and supply chain risk on the equipment for two significant data center projects we are currently negotiating. Our first behind-the-meter project in Socorro, Texas, remains on track to come online at the end of the first quarter of next year, and it shows what Atlas does best: build quickly, operate reliably, and deploy power where it’s needed.

In our sand business, we made a deliberate choice during the quarter to hold the line on pricing rather than chase uneconomic bids. As expected, that reduced our third quarter sales volumes. Our commercial team has since backfilled those volumes for the fourth quarter and, with line of sight to more than 23 million allocated tons for 2027, we expect sequential improvement across all of our business lines during the fourth quarter.”

1

Third Quarter 2026 Financial Results

Third quarter 2026 revenue was approximately $267.8 million, comprised of product revenue of $97.9 million, service revenue of $140.8 million and power rental revenue of $29.1 million. Total proppant sales volume during the quarter were 5.4 million tons. Our average sales price for proppant for the third quarter was approximately $16.93 per ton. Included in our product revenue during the period is roughly $3.5 million of power equipment sales and $2.8 million of logistics related sales.

Third quarter costs of sales (excluding DD&A) were $215.5 million, consisting of $72.1 million in proppant plant and logistics operating costs, $2.1 million from power equipment costs, $128.7 million of service costs, $8.8 million in rental costs, and $3.8 million in royalties. Within our logistics operating costs, we also recognized $1.4 million during the quarter tied to the cessation of operations in a particular region.

Selling, general and administrative expenses for the third quarter of 2026 were $38.8 million.

Net loss for the third quarter of 2026 was $45.1 million, and Adjusted EBITDA for the third quarter of 2026 was $30.3 million.

Liquidity, Capital Expenditures and Other

As of September 30, 2026, the Company’s total liquidity was $116.7 million, which was comprised of $22.3 million in cash and cash equivalents, and $94.4 million of availability under the Company’s 2023 ABL Credit Facility.

Subsequent to quarter end, the Company entered into a $424.0 million senior secured bridge facility and as of October 23, 2026, the Company’s estimated total liquidity was $499.4 million, which was comprised of $152.2 million of cash and cash equivalents, $252.8 million of availability under the bridge facility that is designated for certain purchase obligat

EX-99.1

2 aesi-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Atlas Energy Solutions Announces Second Quarter 2026 Results

Austin, TX – August 3, 2026 – Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today reported financial and operating results for the second quarter ended June 30, 2026.

Second Quarter 2026 Highlights

• Total revenue of $293.2 million, Net loss of $25.1 million and Adj. EBITDA of $49.5 million

• Net cash used in operating activities of $553 thousand and Adjusted Free Cash Flow of $34.9 million

• Set quarterly volume record for Dune Express and quarterly shipment record for Last Mile shipments of 6 million tons

• Completed construction of 26-megawatt ("MW") bridge facility for recently executed behind-the-meter ("BTM") 120-MW private power contract

Financial Summary

Three Months Ended

June 30, 2026

March 31, 2026

June 30, 2025

(unaudited, in thousands, except percentages)

Revenue

$

293,178

$

265,583

$

288,676

Net loss

$

(25,096

)

$

(47,264

)

$

(5,558

)

Net loss Margin

(9

%)

(18

%)

(2

%)

Adjusted EBITDA (1)

$

49,514

$

29,913

$

71,209

Adjusted EBITDA Margin (1)

17

%

11

%

25

%

Net cash provided by (used in) operating activities

$

(553

)

$

18,996

$

88,642

Adjusted Free Cash Flow (1)

$

34,892

$

5,289

$

49,620

Adjusted Free Cash Flow Margin (1)

12

%

2

%

17

%

(1) Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow, and Adjusted Free Cash Flow Margin are non-GAAP financials measures. See Non-GAAP Financial Measures for a discussion of these measures and a reconciliation of these measures to our most directly comparable financial measures calculated and presented in accordance with GAAP.

John Turner, President & CEO, commented, "Power is where our growth is going, and we are building it contract-first. Our oilfield power division continues to scale and we expect 180 to 200 MWs deployed by the end of this year. In the second quarter we signed our first long-term behind-the-meter contract, for 120 MWs expected to come online at the end of the first quarter of 2027, and we put mobile power on that site immediately to keep the customer running through construction. That is the whole point. Data center customers want one partner to solve the entire power problem, not a generator supplier, and solving it starts on day one rather than the day the permanent plant is finished. Since signing the Global Framework Agreement with Caterpillar, the opportunities in front of us have grown in scale, duration and scope. We are in active negotiations now, and we will announce equipment placements and economics when contracts are signed, not before."

“Atlas’ status as the leading provider of sand and logistics in the West Texas market has positioned us to be selective about the work going forward we secure as the proppant market begins to recover. With the productive capacity of some of our competitors’ mines potentially impaired by lack of sustaining investment, we believe the sand market is currently close to balance and positioned for further tightening in 2027. Atlas is positioning itself to maximize its advantages both for itself and its key customers in a market where we believe supplier execution will be at a premium.”

1

Bud Brigham, Executive Chairman, said, “Our excitement and optimism in private power lie in the fact that we have the right equipment, the right strategy and, most importantly, the right people. I could not be more excited about the opportunities we are currently working on and sharing more information about those projects in the not-so-distant future when able.”

Second Quarter 2026 Financial Results

Second quarter 2026 total revenue increased $27.7 million, or 10.4% when compared to the first quarter of 2026, to $293.2 million. Product revenue decreased by $5.4 million, or 5.0% when compared to the first quarter of 2026, to $103.5 million. Second quarter 2026 proppant product sales volumes were 5.6 million tons. Service revenue increased $23.6 million, or 17.0% when compared to the first quarter of 2026, to $162.7 million. Second quarter 2026 rental revenue increased $9.5 million, or 54.3% when compared to the first quarter of 2026, to $27.0 million.

Second quarter 2026 cost of sales (excluding depreciation, depletion and accretion expense) (“cost of sales”) increased by $7.3 million, or 3.4% when compared to the first quarter of 2026, to $221.3 million. Cost of sales consisted of $66.1 million of proppant plant and logistics equipment operating costs, $1.4 million from power equipment costs, $140.7 million related to service costs, $8.8 million related to rental costs and $4.3 million in royalties.

Selling, general and administrative expenses for the second quarter of 2026 increased by $3.7 million when compared to the first quarter of 2026, to $39.4 million or 10.4%.

Net loss for the second quarter of 2026 was $25.1 million, and Adjusted EBITDA for the second quarter of 2026 was

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