The following is a summary of the Atlas Energy Solutions Inc. (AESI) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Atlas Energy reported total sales of $193 million including a revenue of $113 million from proppant sales.

• Net income stood at $27 million with earnings per share at $0.26.

• Adjusted EBITDA for the period was $76 million.

• A total of $88 million spent on growth projects.

• Total debt by the end of the quarter was $481 million.

• Cash and equivalents were reported to be $187 million.

• They reported about $3 per ton decrease in mining-related costs.

Business Progress:

• Atlas Energy made significant progress in integrating the recent Hi-Crush acquisition.

• The Kermit facility, recently damaged by fire, was reopened within 11 days of the incident.

• They have achieved incremental improvements in operational performance using advanced technology.

• Expecting to commission two new state-of-the-art dredges by end of June 2024.

• Their logics operation gained $79 million in revenues for the last quarter.

• The Dune Express is due for commercial service by Q4 2024.

• Looking forward to additional investments for high-capacity trucking and autonomous delivery systems.

• They aim to reach a free cash flow inflection point by 2025 and return capital to shareholders through dividends.

More details: AESI Holdings IR

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