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Mines and delivers frac sand (proppant) to Permian Basin oil & gas producers for hydraulic fracturing.
Mines and delivers frac sand (proppant) to Permian Basin oil & gas producers for hydraulic fracturing.
Sells sand by the tonne and delivers it with the Dune Express, a long conveyor belt that carries sand from its mines to well sites and cuts truck trips; being in the basin saves transport. Its fortunes track oil companies' well completions in the Permian.
Moat: narrow (scale, cost advantage, distribution). In-basin Permian sand mines cut transport costs versus sand shipped from further away.
Headquarters: Austin, Texas, United States · Founded: 2017 · Employees: 1,511
Size Atlas Energy Solutions (AESI) is a United States Energy company (Oilfield Services/Equipment) with a market value of $678M, the 2508th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.41 on 6 Nov 2026.
Performance Over six months the shares fell 71.1%, against -20.4% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 3.7% over the last twelve months (peer median -6.4%); the operating margin is -11.4% (peer median 4.5%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.8× (10th cheapest of 21).
Capital Return on invested capital runs 12.2 points below its cost of capital (7.6% WACC).
Short interest Short interest is 18.2% of the free float (15 Oct 2026).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.08B | $1.10B | $1.06B | $614M | $483M |
| Revenue growth | — | +4% | +72% | +27% | — |
| Gross profit | $24.7M | $122M | $216M | $312M | $255M |
| EBITDA | $90.8M | $176M | $228M | $307M | $260M |
| Net income | -$140M | -$50.3M | $59.9M | $105M | $217M |
| Free cash flow | -$344M | -$30.9M | -$118M | -$66.5M | $116M |
| Capital expenditure | $390M | $148M | $374M | $365M | $89.6M |
| Total debt | $1.07B | $622M | $530M | $178M | $173M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AESI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -55.5% | -8.6% | lowest of 21 |
| 6-month return | -71.1% | -20.4% | lowest of 21 |
| Distance from 52-week high | -73.1% | -45.5% | 3rd lowest of 21 |
| Revenue growth (TTM) | -3.7% | -6.4% | 10th highest of 21 |
| Operating margin | -11.4% | 4.5% | 4th lowest of 21 |
| EV / Sales | 1.6× | 1.8× | 10th cheapest of 21 |
| ROIC minus cost of capital | -12.2 pp | -4.8 pp | 5th lowest of 21 |
| EV / EBITDA | 19.1× | 9.2× | 3rd most expensive of 14 |
| Net debt / EBITDA | 11.6× | 0.9× | most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Atlas Energy Solutions AESI | United States | $678M | -71% | -4% | -11% | 1.6× | n/a | n/a |
| Haimo Technologies 300084.SZ | China | $667M | -31% | -7% | -12% | 7.3× | n/a | n/a |
| Ashtead Technology AT..L | United Kingdom | $660M | +26% | +9% | 26% | 3.0× | -5.5% | +36.8% |
| Shandong Molong Petroleum Machinery 0568.HK | Hong Kong | $698M | -48% | +58% | 0% | 2.7× | n/a | n/a |
| Toyo Engineering 6330.T | Japan | $711M | -16% | -31% | -10% | 0.4× | -2.1% | -0.1% |
| Hunting HTG.L | United Kingdom | $714M | -25% | -12% | 7% | 0.8× | 17.8% | +9.6% |
| Dalipal 1921.HK | Hong Kong | $603M | -29% | +3% | 3% | 1.9× | n/a | n/a |
| Viridien VIRI.PA | France | $763M | -16% | -14% | 11% | 1.6× | -2.9% | +4.1% |
| ProPetro PUMP | United States | $785M | -59% | -6% | 0% | 0.8× | n/a | n/a |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 1.1× | 3.5% | +9.1% |
| Bomesc Offshore Engineering 603727.SS | China | $823M | +6% | -12% | -7% | 2.4× | -9.1% | -6.1% |
| Nanjing Develop Advanced Manufacturing Co. Ltd. Class 1 688377.SS | China | $554M | -52% | 0% | 9% | 3.2× | 7.5% | +11.4% |
| ProFrac ACDC | United States | $547M | -55% | -16% | -11% | 1.1× | n/a | n/a |
| Total Energy Services TOT.TO | Canada | $851M | +41% | +22% | 9% | 1.0× | 3.7% | +23.8% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 2.7× | n/a | n/a |
| Calfrac Well Services CFW.TO | Canada | $506M | +36% | -15% | 6% | 0.6× | -10.9% | +14.5% |
| China Oil HBP Science & Technology 002554.SZ | China | $502M | -28% | -29% | -17% | 2.9× | n/a | n/a |
| Oil States International OIS | United States | $499M | -4% | -1% | 1% | 0.8× | 27.7% | +1.0% |
| HMH HMH | United States | $482M | -49% | -10% | 12% | 1.6× | -2.1% | +6.7% |
| Deep Industries DEEPINDS.NS | India | $433M | +38% | +41% | 12% | 3.9× | 25.4% | +35.7% |
| Jiangsu Hongtian Technology 603800.SS | China | $1.11B | -32% | -27% | -15% | 9.5× | 32.4% | +5.1% |