Quarterly ResultMay 5, 2026, 04:43 PM
Atlas Energy Solutions Reports Q1 Net Loss of $47.26M; Revenue Down 10.8%
AI Summary
Atlas Energy Solutions Inc. reported a significant net loss of $47.26 million for Q1 2026, a sharp decline from a net income of $1.22 million in Q1 2025. Total revenue decreased by 10.8% to $265.58 million, primarily due to lower product and service revenues. Despite the decline in profitability, the company saw an improvement in net cash provided by operating activities, reaching $19.00 million compared to a cash outflow of $7.45 million in the prior year period.
Key Highlights
- Net loss for Q1 2026 was $47.26 million, compared to net income of $1.22 million in Q1 2025.
- Total revenue decreased 10.8% to $265.58 million in Q1 2026 from $297.59 million in Q1 2025.
- Basic EPS was $(0.38) in Q1 2026, down from $0.01 in Q1 2025.
- Gross profit plummeted 88.4% to $6.33 million in Q1 2025 from $54.53 million in Q1 2025.
- Product revenue fell 22.0% to $108.94 million; Service revenue decreased 7.6% to $139.11 million.
- Rental revenue surged 139.0% to $17.53 million in Q1 2026.
- Net cash provided by operating activities improved to $19.00 million from $(7.45) million.
- Long-term debt, net, increased to $557.04 million as of March 31, 2026.
Price Impact
More from AESI