Atlas Energy Solutions Q3 2024 10-Q Filed

TL;DR

Atlas Energy Solutions filed its Q3 2024 10-Q. Financials and credit facility details are in.

AI Summary

Atlas Energy Solutions Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly New Atlas HoldCo Inc., reported on its financial performance and operations. Key financial activities and disclosures related to its credit facilities and product segments are detailed within the filing.

Why It Matters

This filing provides investors and stakeholders with an update on Atlas Energy Solutions' financial health and operational status for the third quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing contains details on financial performance, credit facilities, and customer concentration, which can indicate potential financial risks.

Key Numbers

• 20240930 — Reporting Period End (The 10-Q covers financial data up to this date.)
• 20241029 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Atlas Energy Solutions Inc. (company) — Filer
• New Atlas HoldCo Inc. (company) — Former company name
• 20240930 (date) — Reporting period end date
• 20241029 (date) — Filing date
• 5122201200 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.01 — ch registered Common stock, par value $0.01 per share AESI New York Stock Excha

Filing Documents

• aesi-20240930.htm (10-Q) — 2753KB
• aesi-ex31_1.htm (EX-31.1) — 15KB
• aesi-ex31_2.htm (EX-31.2) — 15KB
• aesi-ex32_1.htm (EX-32.1) — 9KB
• aesi-ex32_2.htm (EX-32.2) — 9KB
• aesi-ex95_1.htm (EX-95.1) — 100KB
• 0000950170-24-118270.txt ( ) — 11968KB
• aesi-20240930.xsd (EX-101.SCH) — 1818KB
• aesi-20240930_htm.xml (XML) — 2121KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Stockholders' and Members' Equity and Redeemable Noncontrolling Interest 3 Condensed Consolidated Statements of Cash Flows 4 Notes to Unaudited Condensed Consolidated Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 50 Item 4.

Controls and Procedures

Controls and Procedures 50 PART II. OTHER INFORMATION 51 Item 1.

Legal Proceedings

Legal Proceedings 51 Item 1A.

Risk Factors

Risk Factors 51 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 3. Defaults Upon Senior Securities 51 Item 4. Mine Safety Disclosures 51 Item 5. Other Information 51 Item 6. Exhibits 52

—FIN ANCIAL INFORMATION

PART I—FIN ANCIAL INFORMATION Ite m 1. Financial Statements. Atlas Energy Solutions Inc. Con densed Consolidated Balance Sheets (In thousands, except share data) September 30, December 31, 2024 2023 (Unaudited) Assets Current assets: Cash and cash equivalents $ 78,637 $ 210,174 Accounts receivable 179,924 71,170 Inventories 15,777 6,449 Spare part inventories 22,123 15,408 Prepaid expenses and other current assets 20,052 15,485 Total current assets 316,513 318,686 Property, plant and equipment, net 1,449,540 934,660 Operating lease right-of-use assets 13,730 3,727 Finance lease right-of-use assets 5,917 424 Goodwill 75,219 — Intangible assets 109,281 1,767 Other long-term assets 3,290 2,422 Total assets $ 1,973,490 $ 1,261,686 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 124,770 $ 60,882 Accounts payable - related parties 235 277 Accrued liabilities 68,458 28,458 Current portion of long-term debt 36,219 — Current portion of operating lease liabilities 5,832 1,249 Current portion of finance lease liabilities 3,035 158 Current portion of deferred revenue 6,837 — Other current liabilities 12,786 1,568 Total current liabilities 258,172 92,592 Long-term debt, net of discount and deferred financing costs 439,043 172,820 Deferred tax liabilities 207,182 121,529 Operating lease liabilities 8,400 3,498 Finance lease liabilities 3,155 264 Deferred revenue 951 — Asset retirement obligation 8,662 2,705 Other long-term liabilities 1,744 454 Total liabilities 927,309 393,862 Commitments and contingencies (Note 9) Stockholders' equity: Preferred stock, $ 0.01 par value; 500,000,000 authorized; no shares issued and outstanding as of September 30, 2024 and December 31, 2023. — — Common Stock, $ 0.01 par value, 1,500,000,000 s

View Full Filing

View this 10-Q filing on SEC EDGAR