Atlas Energy Solutions Inc.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
AESI$5.36-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net income (loss) | $(28,060) | $45,542 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion and accretion expense | 122,029 | 70,865 |
| Amortization expense of acquired intangible assets | 17,133 | 8,573 |
| Amortization of debt discount | 3,931 | 2,535 |
| Amortization of deferred financing costs | 301 | 318 |
| Loss on disposal of assets | — | 19,672 |
| Stock-based compensation | 24,152 | 15,961 |
| Deferred income tax | (10,830) | 10,433 |
| Credit loss expense | 4,207 | 25 |
| Other | (104) | (1,680) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (11,950) | (22,361) |
| Inventories | 5,450 | (5,093) |
| Spare part inventories | (10,693) | (3,613) |
| Prepaid expenses and other current assets | (2,998) | (2,387) |
| Other long-term assets | 203 | (412) |
| Accounts payable | (5,709) | 27,373 |
| Accounts payable - related parties | (204) | (42) |
| Deferred revenue | (5,679) | (5,460) |
| Accrued liabilities and other liabilities | 12,460 | 25,358 |
| Net cash provided by operating activities | 113,639 | 185,607 |
| Investing activities: | ||
| Purchases of property, plant and equipment | (126,463) | (297,552) |
| Acquisitions, net of cash acquired | (204,169) | (142,233) |
| Proceeds from insurance recovery | 5,398 | 10,000 |
| Net cash used in investing activities | (325,234) | (429,785) |
| Financing Activities: | ||
| Proceeds from equity offering, net of issuance costs | 253,070 | — |
| Proceeds from term loan borrowings | 188,805 | 148,500 |
| Principal payments on term loan borrowings | (14,202) | (9,931) |
| Payment on ABL credit facility | (70,000) | — |
| Payment on Deferred Cash Consideration Note | (101,252) | — |
| Payments under finance leases | (2,632) | (1,774) |
| Repurchases of Common Stock under share repurchase program | (200) | — |
| Repayment of equipment finance notes | (3,671) | (2,527) |
| Dividends | (92,281) | (70,444) |
| Taxes withheld on vesting RSUs | (1,251) | — |
| Issuance costs associated with debt financing | (146) | (1,183) |
| Proceeds from ABL credit facility | 25,000 | 50,000 |
| Net cash provided by financing activities | 181,240 | 112,641 |
| Net decrease in cash and cash equivalents | (30,355) | (131,537) |
| Cash and cash equivalents, beginning of period | 71,704 | 210,174 |
| Cash and cash equivalents, end of period | $41,349 | $78,637 |
| Supplemental cash flow information | ||
| Cash paid during the period for: | ||
| Interest | $38,930 | $27,602 |
| Taxes | $1,745 | $2,275 |
| Supplemental disclosure of non-cash investing activities: | ||
| Property, plant and equipment in accounts payable and accrued liabilities | $10,867 | $44,654 |
| Acquisition consideration, equity issuance | $33,904 | $189,082 |
| Contingent consideration issued for PropFlow Acquisition | $10,200 | $— |
| Equipment assets acquired through debt | $17,117 | $5,012 |
| Hi-Crush acquisition consideration, Deferred Cash Consideration Note | $— | $107,189 |
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