Yahoo Finance

• Full Year 2024 Revenue: $1.1 billion.

• Full Year 2024 Adjusted EBITDA: $288.9 million, 27% of revenue.

• Fourth Quarter 2024 Revenue: $271.3 million.

• Fourth Quarter 2024 Adjusted EBITDA: $63.2 million, 23.3% of revenue.

• Fourth Quarter 2024 Proppant Sales Revenue: $128.4 million.

• Fourth Quarter 2024 Proppant Sales Volume: 5.1 million tons.

• Average Revenue Per Ton (Q4 2024): $25.31, adjusted to $23.28 excluding contractual payments.

• Fourth Quarter 2024 Logistics Revenue: $142.9 million.

• Fourth Quarter 2024 Net Income: $14.4 million, 5.3% of revenue.

• Fourth Quarter 2024 Earnings Per Share: $0.13.

• Fourth Quarter 2024 Net Cash from Operating Activities: $70.9 million.

• Fourth Quarter 2024 Adjusted Free Cash Flow: $47.9 million, 17.7% of revenue.

• Quarterly Dividend Increase: From $0.24 to $0.25 per share, a 4% increase.

• Total Dividends Paid Since Inception: $252 million.

• 2025 Expected Sales Volume: Over 25 million tons.

• 2025 Expected Capital Expenditure: Approximately $115 million.

• First Quarter 2025 Expected Adjusted EBITDA: Between $75 million and $85 million.

• Warning! GuruFocus has detected 4 Warning Sign with AESI.

Release Date: February 25, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Atlas Energy Solutions Inc (NYSE:AESI) announced the successful commercial delivery of the Dune Express, marking a significant milestone in their logistics operations.

• The company has made strides in autonomous trucking, completing 100 loads with robo trucks and planning to expand this to 300 loads by the end of the month.

• AESI has increased its productive capacity nearly 2.5 times since its IPO, with the largest wet sand offering in the Permian Basin.

• The acquisition of Moser Energy Systems provides AESI with a new growth avenue in the distributed power market, enhancing cash flow durability.

• AESI announced a 4% increase in its quarterly dividend, reflecting a commitment to shareholder returns and marking a 67% increase from the initial dividend.

Negative Points

• Spot sand prices fell to cyclical lows during the fourth quarter due to reduced customer demand and competitive pricing pressures.

• The company faced elevated operating costs in the fourth quarter, with plant operating costs at $12.02 per ton, driven by lower volumes and optimization expenses.

• Cash SG&A expenses were elevated at $19.1 million due to consulting and litigation costs.

• Interest expense for the quarter was $12.3 million, impacting net income and earnings per share.

• The company anticipates a gradual return to normalized sand pricing, but does not expect significant improvements until late in the year.