Atlas Energy Solutions

AESI

Oil & Gas Equipment & Services · Energy

Price

$14.07

+0.30 (+2.18%)

Market Cap

$1.76B

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+22.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 100.0M (2021) → 122.4M (2025)

Atlas Energy Solutions mines and sells proppant — a type of sand used in oil and gas drilling. When energy companies drill wells in places like the Permian Basin in Texas, they pump this sand underground to keep cracks open so oil and gas can flow out. Atlas is one of the largest proppant suppliers in the Permian Basin, which is the most active oil-producing region in the United States.

The company makes money by selling proppant by the ton to oil and gas producers and oilfield service companies. It also operates a conveyor system called the Dune Express, which moves sand more cheaply than trucks. Atlas operates almost entirely in the Permian Basin, giving it a geographic advantage over suppliers who must ship sand from farther away. However, its negative operating margin and low gross margin show the business is under cost pressure, and its financial performance is closely tied to how active drilling is in the region — a key risk if oil prices fall and producers cut spending.

Winston Score History

Politician Trades

2 trades / 12mo

1 Congressional buy and 1 sell on AESI in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-8.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-238.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

36.2%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~7 months

$41M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Atlas Energy Solutions has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

4.9%

Thin — 4.9% gross margin

Operating Margin

-8.0%

Losing money on operations — -8.0%

ROCE

-1.1%

Weak — -1.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+3.7%

Slow sales growth (3.7% YoY)

EPS YoY

-175.5%

Earnings shrinking (-175.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-2.8%

Burning cash (-2.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.48

Conservative — low debt load (0.48)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

1.73%

Small dividend — 1.73% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

+15.1%

Dividend growing fast (15.1% YoY)

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