Atlas Energy Solutions Inc. (AESI) Form 10-Q — Aug 4, 2026
Atlas Energy Solutions posted Q2 2026 revenue of $293.2 million, roughly flat with $288.7 million a year ago, but the bottom line deteriorated sharply: net loss widened to $25.1 million, or $(0.20) per share, from $5.6 million, or $(0.04), as gross profit halved to $25.9 million on an 18% drop in product revenue and heavy cost pressure. During the quarter the company issued $450.0 million of 0.50% convertible senior notes due April 2031, spending $49.7 million on capped calls to limit dilution, and used proceeds to pay down its Stonebriar lease facility and ABL revolver.
Key figures
- Revenue
- 293178000
- Revenue Yoy
- +1.6% in Q2 2026 vs Q2 2025; -4.7% for H1 2026 vs H1 2025
- Total Assets
- 2555267000
- Cash Position
- 168216000
- Interest Rate
- 9.51% (2025 Term Loan Credit Facility); 0.50% (2031 Convertible Notes)
- Maturity Date
- April 15, 2031 (2031 Notes); March 1, 2032 (2025 Term Loan)
- Shares Outstanding
- 125003451
- H1 2026 capex
- 183105000
- H1 2026 revenue
- 558761000
- Capped call cost
- 49725000
- Conversion price
- $14.51 per share (30% premium to $11.16)
- Stockholders equity
- 1113001000
- Q2 2025 gross profit
- 52139000
- Q2 2026 gross profit
- 25855000
- Capped call cap price
- $22.32 per share
- Dividends paid h1 2025
- 61341000
- Dividends paid h1 2026
- 0
- Convertible notes principal
- 450000000
- H1 2025 operating cash flow
- 81192000
- H1 2026 operating cash flow
- 18443000
- Q2 2026 net interest expense
- 16240000
- Loss on early lease payoff q2
- 6783000
- Term loan principal outstanding
- 490443000
- Litigation settlement expense q2
- 2550000
Price after filing
Close on the filing date to close N calendar days later (from $10.30). Historical, not a forecast.
AI analysis
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