Atlas Energy Solutions (AESI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Atlas Energy Solutions

NYSE•Energy•Oil & Gas Equipment & Services

$13.75+0.18(0.01%)Market open

Market Cap

$1.68B

P/S

1.6x

P/B

1.5x

Atlas Energy Solutions Inc. produces proppants and provides logistics and distributed power solutions in the Permian Basin of West Texas and New Mexico. It operates through two segments: Sand and Logistics, and Power. The Sand and Logistics segment operates fourteen proppant production facilities, including large-scale in-basin plants and a distributed mining network. This segment sells products and services primarily to oil and natural gas exploration and production companies, hydraulic fracturing services, and oilfield services companies; and produces locally sourced proppants, such as 40/70-mesh and 100-mesh sand, as well as both dry and damp sand options. It also offers a differentiated logistics platform featuring a fleet of fit-for-purpose trucks, trailers, wellsite equipment, and a 42-mile Dune Express conveyor system for proppant delivery. The Power segment provides distributed power solutions through a fleet of natural gas-powered reciprocating generators designed for heavy-duty, mission-critical applications, primarily supporting oil and gas production and artificial lift operations. The company also offers transportation, storage, contract labor, and distributes power rentals to the oil and gas industry. Atlas Energy Solutions Inc. formerly known as New Atlas HoldCo. Inc. Atlas Energy Solutions Inc. was founded in 2017 and is headquartered in Austin, Texas.

How this company scores

WeakMetricSide Score: 22/100

Strongest: Balance Sheet & Red Flags (11/25); weakest: Cash & Earnings Quality (1/25).

Profitability7/25

Growth3/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality1/25

Strengths

Improving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 118.3x5y range 15.1x – 118.3x

Currently above its 5-quarter median.

P/S · 1.6x5y range 1.1x – 2.3x

Currently near its 9-quarter median.

P/B · 1.5x5y range 1.0x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 237.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.68B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.07B
Q. Revenue: $293.18M
TTM EBITDA: $85.31M
TTM Op. Income: $-88.46M
Q. Op. Income: $-22.55M
TTM Net Income: $-118.33M
Q. Net Income: $-25.10M
EPS: $-0.2
Shares Out.: $124.94M

$1.07B in TTM revenue declined 8.1% YoY, reaching $293.18M last quarter. TTM EBITDA of $85.31M and TTM operating income of $-88.46M show growth is flowing through to the bottom line. However, net income is negative at $118.33M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 8% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 8.8%
EBITDA Margin: 8.0%
Op. Margin: -7.7%
Net Margin: -8.6%

Op. margin of -7.7% is down 10.2% YoY — costs are rising relative to revenue. Net margin at -8.6% and gross margin of 8.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 409% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.6x
P/B Ratio: 1.5x

P/S of 1.6x and P/B of 1.5x. P/S is low relative to typical market levels. Across the last 4 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.56B
Cash: $168.22M
Long-Term Debt: $914.22M
Book Value: $1.11B
D/E Ratio: 0.8
Debt/EBITDA: 38.9

With $2.56B in assets and $914.22M in long-term debt, D/E is 0.8and book value is $1.11B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-553,000
TTM Free Cash Flow: $-184.12M
FCF Margin: -17.2%
FCF / Net Income: 1.6

TTM FCF of $-184.12M on $-553,000 in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 916% — a weakening trend.