| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 293.18 | 10.4% | 1.6% |
| Total Income | 293.18 | 10.4% | 1.6% |
| Expenditure | 315.73 | 5.9% | 12.2% |
| PBT | -45.53 | 4.7% | 528.9% |
| Net Profit | -25.10 | 46.9% | 351.4% |
| OPM | -7.69% | 4.54pp | 10.18pp |
| NPM | -8.56% | 9.24pp | 6.64pp |
| EPS | -0.20 | 47.4% | 400.0% |
Atlas Energy Solutions Announces Q2 2026 Results with $293.2 Million Revenue
04 Aug 2026 · 4 Aug, 2:30 am
Summary
Atlas Energy Solutions Inc. announced its second quarter 2026 results, reporting total revenue of $293.2 million, an increase of 10.4% from the prior quarter. The company's net loss improved to $25.1 million from $47.3 million in Q1 2026, while Adjusted EBITDA saw a substantial quarter-over-quarter rise of 65.6% to $49.5 million. CEO John Turner highlighted the significant growth in the power division, with expectations of deploying 180 to 200 MWs by year-end, and expressed optimism about the recovering proppant market. Executive Chairman Bud Brigham also conveyed excitement regarding the opportunities in private power, emphasizing the company's strategic positioning.
Key Highlights
- 1
Atlas Energy Solutions reported total revenue of $293.2 million for the second quarter of 2026, marking a 10.4% increase from the previous quarter.
- 2
The company recorded a net loss of $25.1 million in Q2 2026, an improvement from the $47.3 million net loss in Q1 2026.
- 3
Adjusted EBITDA significantly increased by 65.6% quarter-over-quarter to $49.5 million for the second quarter of 2026.
- 4
Net cash used in operating activities was $553 thousand, while Adjusted Free Cash Flow stood at $34.9 million.
- 5
Atlas achieved a quarterly volume record for Dune Express and a quarterly shipment record for Last Mile shipments, totaling 6 million tons.
- 6
Construction was completed on a 26-megawatt bridge facility, supporting a recently executed 120-MW private power contract.
- 7
The company anticipates deploying 180 to 200 MWs in its oilfield power division by the end of 2026.
Management Comments
John Turner
Power is where our growth is going, and we are building it contract-first. Our oilfield power division continues to scale and we expect 180 to 200 MWs deployed by the end of this year. In the second quarter we signed our first long-term behind-the-meter contract, for 120 MWs expected to come online at the end of the first quarter of 2027, and we put mobile power on that site immediately to keep the customer running through construction. That is the whole point. Data center customers want one partner to solve the entire power problem, not a generator supplier, and solving it starts on day one rather than the day the permanent plant is finished. Since signing the Global Framework Agreement with Caterpillar, the opportunities in front of us have grown in scale, duration and scope. We are in active negotiations now, and we will announce equipment placements and economics when contracts are signed, not before. Atlas’ status as the leading provider of sand and logistics in the West Texas market has positioned us to be selective about the work going forward we secure as the proppant market begins to recover. With the productive capacity of some of our competitors’ mines potentially impaired by lack of sustaining investment, we believe the sand market is currently close to balance and positioned for further tightening in 2027. Atlas is positioning itself to maximize its advantages both for itself and its key customers in a market where we believe supplier execution will be at a premium.
Bud Brigham
Our excitement and optimism in private power lie in the fact that we have the right equipment, the right strategy and, most importantly, the right people. I could not be more excited about the opportunities we are currently working on and sharing more information about those projects in the not-so-distant future when able.
Informational and educational content only. Not investment advice.