Atlas Energy Solutions Inc. (AESI) Stock Price & Analysis
Atlas Energy Solutions Inc. (AESI) closed at USD 8.6 on Thursday, October 22, 2026, down 8.41% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.39; the Oct 22, 2026 session ranged USD 8.45–9.55 on volume of 7,144,619 shares. Market capitalization is $1.07B, with a 52-week range of USD 7.64–20.13 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AESI.md
Key facts (AESI)
- Last four reported quarters (through Jun 30, 2026): revenue $1.07B, net income -$118M (-11.1% margin), free cash flow -$184M (SEC filings).
- Analysts: Buy (mean 2.31 on a 1–5 scale) (13 analysts), mean target USD 17.54 (range 11–25).
- Total return with dividends: 1Y -18.8% vs S&P 500 +14.9%; 5Y -40.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD -0.24, revenue estimate $264M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AESI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $172M | $483M | $614M | $1.06B | $1.10B | $1.07B |
| Gross profit | $64.1M | $256M | $314M | $232M | $151M | — |
| Operating income | $47.0M | $232M | $265M | $114M | -$10.9M | -$88.5M |
| Net income | $4.3M | $217M | $105M | $59.9M | -$50.3M | -$118M |
| EPS (diluted) | — | — | $1.48 | $0.55 | -$0.41 | — |
| Free cash flow | $2.0M | $116M | -$66.5M | -$118M | -$30.9M | -$184M |
| Gross margin | 37.2% | 53.1% | 51.1% | 22.0% | 13.8% | — |
| Operating margin | 27.3% | 48.1% | 43.2% | 10.8% | -1.0% | -8.3% |
| Net margin | 2.5% | 45.0% | 17.2% | 5.7% | -4.6% | -11.1% |
| Revenue growth | — | +180.0% | +27.2% | +72.0% | +3.7% | — |
| Total debt | — | $149M | $180M | $511M | $604M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AESI)
P/S 1.0x · P/B 1.0x · FCF yield -17.14% · Earnings yield -11.02%
P/E at fiscal year-ends: Dec 2024 40.4x, Dec 2023 11.6x.
Analysts (AESI)
Consensus Buy (mean 2.31 on a 1–5 scale), 13 analysts; mean target USD 17.54 (low 11, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Barclays | Target lowered | Equal-Weight | $14 → $13 |
| 2026-10-05 | Stephens & Co. | Target lowered | Overweight | $22 → $20 |
| 2026-09-29 | Scotiabank | Initiated | Sector Outperform | |
| 2026-09-28 | Barclays | Upgrade | Underweight → Equal-Weight | $10 → $14 |
| 2026-09-03 | Citigroup | Target lowered | Buy | $21 → $17 |
| 2026-08-27 | Piper Sandler | Target lowered | Neutral | $19 → $15 |
| 2026-08-07 | Barclays | Target lowered | Underweight | $14 → $10 |
| 2026-08-06 | Stifel | Target lowered | Buy | $28 → $25 |
| 2026-08-05 | RBC Capital | Target lowered | Sector Perform | $21 → $17 |
| 2026-07-16 | Barclays | Target lowered | Underweight | $16 → $14 |
| 2026-07-15 | Citigroup | Target lowered | Buy | $22 → $21 |
Total return (dividends reinvested) (AESI)
| 1Y (from 2025-10-23) | 5Y (from 2023-03-06) | |
|---|---|---|
| Total return | -18.8% | -40.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -18.9% | -13.3% |
| Volatility (annualized) | 66.9% | 51.9% |
| Max drawdown | -56.5% (May 2026→Oct 2026) | -64.5% (Jan 2025→Nov 2025) |
AESI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Sand Logistics | $263.9M | 90.0% | -3.2% |
| Power | $29.3M | 10.0% | +83.1% |
| Total revenue | $293.2M | 100% | — |
AESI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service | $162.7M | 55.5% | +11.1% |
| Product | $103.5M | 35.3% | -18.2% |
| Rental Revenue | $27.0M | 9.2% | +71.6% |
| Total revenue | $293.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AESI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Hi-Crush | “The Hi-Crush Transaction expanded the Company's position as a leading provider of proppant and proppant logistics in the Permian Basin to meet the needs of our large-scale customers in the Permian Basin.” |
| Partner | General | “On March 1, 2024, the Company entered into a pooling agreement with the General Land Office of Texas ("GLO") that establishes a pooled unit across our fee owned lands and leased lands at the K1/K2 property.” |
Quoted from the company's 10-K filed Feb 24, 2026.
AESI customer concentration
In the period ended Dec 31, 2025, 2 direct customers each accounted for at least 10% (16%, 11.2%) of revenue, per the company's 10-K filed Feb 24, 2026. The company does not name them.
AESI company outlook (results filed Aug 3, 2026)
- “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.”
- “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." Second Quarter 2026 Financial Results Second quarter 2026 total revenue increased $27.7 million, or 10.4% when compared to the first quarter of 2026, to $293.2 million.”
Quoted word-for-word from the SEC 8-K results press release.
AESI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.24 | $-0.06 | +284.0% | $264.5M | 4 |
| Next quarter (ends Dec 2026) | $-0.17 | $-0.06 | +200.0% | $285.4M | 4 |
| Current fiscal year (ends Dec 2026) | $-0.84 | $-0.49 | +71.8% | $1.11B | 5 |
| Next fiscal year (ends Dec 2027) | $0.01 | $0.38 | -98.3% | $1.31B | 3 |
Key Statistics (as of October 23, 2026 at 10:07 UTC)
| Price | USD 8.6 |
|---|---|
| Change | ▼ 8.41% (down) |
| Previous Close | USD 9.39 |
| Open | USD 9.3 |
| Day Range | USD 8.45 – 9.55 |
| 52-Week Range | USD 7.64 – 20.13 |
| Volume | 7,144,619 shares |
| Market Cap | $1.07B |
| Exchange | NYQ |
Technical Analysis (AESI)
Nexqual's technical model rates AESI "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 24.22 (oversold) |
| vs SMA50 | Below (USD 12.28) |
| MACD | -0.91 (negative) |
Analyst Ratings (AESI)
Wall Street analysts rate AESI "Buy" based on 13 analysts, with a mean price target of USD 17.54 (range USD 11–25), per Nexqual as of October 23, 2026 at 10:07 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 17.54 |
| High Target | USD 25 |
| Low Target | USD 11 |
| Buy / Hold / Sell | 7 / 5 / 1 |
Earnings (AESI)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD -0.24 |
| Revenue Estimate | $264.47M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.17 vs est -0.09 ▼ miss |
| 2026-03-31 | USD -0.36 vs est -0.2 ▼ miss |
| 2025-12-31 | USD -0.21 vs est -0.19 ▼ miss |
| 2025-09-30 | USD -0.18 vs est -0.02 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financials & Fundamentals (AESI)
| Total Revenue | $1.07B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.60% |
| Gross Margin | +23.41% |
| Operating Margin | -6.81% |
| Profit Margin | -11.08% |
| ROE | -9.93% |
| Debt / Equity | 0.94 |
| Current Ratio | 1.82 |
| Total Cash | $168.22M |
| Total Debt | $1.05B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$184.12M (-17.2% of revenue) |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Financial Health Score (AESI)
Nexqual rates Atlas Energy Solutions Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:07 UTC.
| Growth | Mixed — Revenue +3.7% YoY (annual), slow |
|---|---|
| Profitability | Weak — Gross margin 23%, operating -7% (last 12 months) |
| Balance Sheet | Mixed — $168M cash vs $1.05B debt |
| Cash Flow | Weak — FCF negative: -$184M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -10%, ROA -2.5% |
Ownership (AESI)
| Insider Ownership | +34.31% |
|---|---|
| Institutional Ownership | +87.84% |
| Shares Outstanding | 124.91M |
| Float | 88.30M |
| Short % of Float | +26.45% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
Leadership (AESI)
Atlas Energy Solutions Inc. is led by John G. Turner, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:07 UTC.
| President, CEO & Director | John G. Turner |
|---|---|
| Founder & Executive Chairman | Ben M. Brigham |
| Chief Financial Officer | Blake McCarthy |
| Vice President of Investor Relations | Kyle D. Turlington |
| Senior Vice President of Commercial | Brian McConn |
Major Backers & Investors (AESI)
Notable institutional backers of Atlas Energy Solutions Inc. include Encompass Capital Advisors, LLC, UBS Group AG, Two Sigma Investments, LP, according to Nexqual as of October 23, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Encompass Capital Advisors, LLC | 5.23% |
| UBS Group AG | 3.07% |
| Two Sigma Investments, LP | 2.57% |
| Barrow, Hanley Mewhinney & Strauss, LLC | 2.12% |
| Ensign Peak Advisors, Inc | 2.01% |
| Voya Investment Management LLC | 1.74% |
| JANUS INVESTMENT FUND-Janus Henderson Research Fund | 1.04% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.54% |
| Vanguard Group | 6.86% |
| State Street | 3.05% |
Source: Nexqual, October 23, 2026 at 10:07 UTC.
From Atlas Energy Solutions Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- We are proud of the fact that our approach to innovation in the hydrocarbon industry drives efficiencies creating value for our shareholders, while also delivering differentiated social and environmental progress.
- Our differentiated logistics platform operates primarily within the Permian Basin.
- The locations of our facilities are within close proximity to well activity and enable us to deliver proppant directly to our customers' wellheads using a variety of methods, reducing handling costs and delivery lead times.
Legal & Regulatory Risks (Item 1A, quoted)
- The transportation industry is subject to possible legislative and regulatory changes that may affect the economics of the industry by requiring changes in operating practices or by changing the demand or the cost of providing truckload services.
- Our autonomous driving technology and related hardware and software, when deployed, could have undetected defects, errors or bugs in hardware or software, which could create safety or cybersecurity issues and could result in operational disruption and expose us to liability and other claims that could adversely affect our business.
- Our use of autonomous proppant-delivery vehicles is subject to evolving laws and regulations that could impose legal limitations or substantial costs on our ability to commercially deploy our vehicles.
- Risks Related to Environmental, Mining and Other Regulations
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:07 UTC. This page is informational and not investment advice.
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