Atlas Energy Solutions Announces Commissioning of the Dune Express and Provides Third Quarter 2024 Operational Update
Atlas Energy Solutions Inc. (AESI)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced that the commissioning of the Dune Express, a 42-mile long, fully electric conveyor system that is expected to transform proppant logistics in the Permian Basin, began early this week. The system remains on-time and on-budget with the commercial transportation of proppant into the Delaware Basin scheduled to begin in late Q4. Additionally, the Company expects higher plant operating expenses to cause third quarter 2024 operating results to fall below prior guidance. The Company now expects third quarter 2024 revenue will be between $300 and $310 million with adjusted EBITDA of $70 to $75 million. Proppant sales volumes are expected to be approximately 6.0 million tons. The Company also expects to book an asset write-down of approximately $9 million related to one of its dredge mining assets.“Following the rebuild of the feed system at our Kermit facility that was comp
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AESI
News
- Brigham Exploration Acquires Great Western Drilling Ltd.'s Non-Operated Assets in the Permian BasinPR Newswire
- Atlas Energy Solutions Inc. (NYSE: AESI) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "neutral" rating and a $23.00 price target on the stock.MarketBeat
- Implied Volatility Surging for Atlas Energy (AESI) Stock Options [Yahoo! Finance]Yahoo! Finance
- Atlas Energy Solutions Inc. (NYSE: AESI) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $22.00 price target on the stock, down previously from $23.00.MarketBeat
- Atlas Energy Solutions Inc. (NYSE: AESI) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "equal weight" rating. They now have a $19.00 price target on the stock, down previously from $23.00.MarketBeat
AESI
Earnings
- 8/5/24 - Miss
AESI
Sec Filings
- 12/20/24 - Form 4
- 12/17/24 - Form 4
- 12/11/24 - Form 4
- AESI's page on the SEC website