Atlas Energy Solutions: A New Star in the SmallCap 600 Index
Atlas Energy Solutions (AESI) is North America’s largest proppant producer used in hydraulic fracturing or "fracking" for oil and gas extraction.
Fracking is the technique that allowed the United States to double its oil production over the last decade to become the world's largest oil producer. Atlas Energy produces and processes proppants, which are a combination of dry and damp soils in various mesh sizes
● Atlas Energy Solutions is the nation’s largest producer of proppants used in hydraulic fracking to extract oil and gas.
● Atlas Energy acquired competitor Hi-Crunch in March 2024 to become North America’s largest proppant supplier to oil and gas companies in the Permian Basin.
● Atlas Energy was added to the S&P 600 SmallCap index on November 26, 2024.
Atlas Energy was added to the S&P SmallCap 600 index on November 26, 2024. Donald Trump’s return to the White House is a major tailwind, as he fully supports fracking and drilling to lower energy prices.
The acquisition of Hi-Crunch was completed on March 5, 2024, immediately adding to Atlas’s YoY revenue. Atlas reported Q3 2024 EPS of 18 cents, missing consensus estimates by 5 cents. Revenues rose 93.15% YoY to $304.43 million. Total sales rose by $16.9 million, up by 6% sequentially. Product sales rose $17.1 million, up 13% sequentially. Sales volume rose 6 million tons, up 22% sequentially.
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