Atlas Energy Solutions (NYSE:AESI) Posts Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Key Points

• Atlas Energy Solutions reported Q1 EPS of ($0.38), missing estimates by $0.15 (consensus ($0.23)), while revenue topped expectations at $265.6 million versus $256.4 million expected.
• The company remains unprofitable with a negative return on equity of -2.84% and a net margin of -4.59%, and its balance sheet shows a debt-to-equity of 0.47 with a current ratio of 1.46.
• Insiders sold 238,912 shares (~$2.84 million) in the last quarter despite insiders owning 16.4% of the stock, and analyst views are mixed — Citigroup upgraded to a Buy with an $18 target while the consensus rating is a Hold and the average price target is $15.57.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) issued its quarterly earnings data on Monday. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.15), FiscalAI reports. The business had revenue of $265.58 million during the quarter, compared to analysts' expectations of $256.38 million. Atlas Energy Solutions had a negative return on equity of 2.84% and a negative net margin of 4.59%.

Atlas Energy Solutions Price Performance

NYSE AESI traded up $0.68 during trading hours on Monday, reaching $17.81. 5,876,503 shares of the stock traded hands, compared to its average volume of 3,785,750. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.46 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $12.84 and a two-hundred day simple moving average of $11.26. Atlas Energy Solutions has a 1 year low of $7.64 and a 1 year high of $17.85. The company has a market cap of $2.21 billion, a price-to-earnings ratio of -44.52 and a beta of 1.08.

Insider Activity

In other news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the transaction, the insider directly owned 567,972 shares in the company, valued at approximately $6,696,389.88. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregory M. Shepard sold 130,000 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total value of $1,557,400.00. Following the transaction, the insider directly owned 7,421,210 shares in the company, valued at approximately $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 238,912 shares of company stock worth $2,837,472 over the last quarter. Corporate insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in AESI. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Atlas Energy Solutions by 0.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company's stock valued at $31,552,000 after purchasing an additional 25,167 shares during the last quarter. State Street Corp lifted its stake in Atlas Energy Solutions by 5.0% in the fourth quarter. State Street Corp now owns 3,242,112 shares of the company's stock worth $30,541,000 after purchasing an additional 155,028 shares during the last quarter. Millennium Management LLC boosted its position in Atlas Energy Solutions by 3,783.3% during the fourth quarter. Millennium Management LLC now owns 1,883,042 shares of the company's stock valued at $17,738,000 after buying an additional 1,834,551 shares during the period. Pine Ridge Advisers LLC boosted its position in Atlas Energy Solutions by 23.4% during the fourth quarter. Pine Ridge Advisers LLC now owns 1,844,036 shares of the company's stock valued at $17,371,000 after buying an additional 349,965 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Atlas Energy Solutions by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,827,688 shares of the company's stock valued at $17,220,000 after buying an additional 23,955 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AESI. Barclays upped their target price on Atlas Energy Solutions from $11.00 to $12.00 and gave the stock an "underweight" rating in a research note on Monday, April 6th. The Goldman Sachs Group boosted their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the stock a "sell" rating in a report on Wednesday, March 4th. Royal Bank Of Canada upped their price objective on shares of Atlas Energy Solutions from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 2nd. Weiss Ratings downgraded shares of Atlas Energy Solutions from a "hold (c-)" rating to a "sell (d)" rating in a research note on Friday, February 27th. Finally, Citigroup upgraded shares of Atlas Energy Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the company from $10.40 to $18.00 in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.57.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions NYSE: AESI is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.

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