Quarterly ResultAug 5, 2026, 06:08 AM
Atlas Energy Q2 Net Loss Widens to $(25.1)M; Gross Profit Halves
AI Summary
Atlas Energy Solutions Inc. reported a significant widening of its net loss to $(25.1) million for Q2 2026, compared to $(5.6) million in the same period last year, despite a slight revenue increase to $293.2 million. Gross profit for the quarter declined sharply by over 50% to $25.9 million. For the first six months of 2026, the company recorded a net loss of $(72.4) million, a substantial increase from $(4.3) million in the prior year. The company also issued $450 million in 2031 Convertible Senior Notes in April 2026, contributing to a rise in cash and long-term debt.
Key Highlights
- Q2 2026 net loss widened to $(25.1) million, from $(5.6) million in Q2 2025.
- Q2 2026 gross profit decreased by 50.4% to $25.9 million from $52.1 million in Q2 2025.
- Q2 2026 total revenue increased by 1.6% to $293.2 million from $288.7 million in Q2 2025.
- Six-month net loss was $(72.4) million, compared to $(4.3) million in the prior year.
- Issued $450 million aggregate principal amount of 2031 Convertible Senior Notes in April 2026.
- Cash and cash equivalents increased to $168.2 million from $40.6 million since December 2025.
- Long-term debt, net, rose to $914.2 million from $538.2 million since December 2025.
Price Impact
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