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EarningsQ2 2026 Earnings Report
AESI Q2 2026 EPS Results
Actual EPS-$0.20
Consensus EPS-$0.15
Beat/MissMissed by -$0.05
One Year Ago EPS-$0.04
AESI Q2 2026 Revenue Results
Actual Revenue$293.18M
Expected Revenue$282.24M
Beat/MissBeat by +$10.94M
YoY Revenue Growth+1.56%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
AESI Upcoming Earnings
Atlas Energy Solutions's next earnings date is estimated for November 2, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
AESI Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive long-term growth story driven by a transformational behind-the-meter power pipeline (including a 120 MW PPA with strong economics), record logistics execution, and progress on automation, supported by adequate near-term liquidity and disciplined capital guidance. Near-term risks include sand volume variability, a deliberate strategy to trade volume for price that introduces Q3 EBITDA uncertainty, trucking cost inflation and competitor-driven market dislocations, and timing of cash generation from large power projects (material cash flows anticipated in 2027). Overall, the strategic positives around private power scale, strong project economics, operational records, and a plan to capture pricing recovery outweigh the near-term operational and timing challenges.Company Guidance
Quarterly Financials: Revenue and Adjusted EBITDA
Q2 revenue of $293.2 million and adjusted EBITDA of $49.5 million, representing an EBITDA margin of approximately 17%.
First Large Behind-the-Meter Contract Signed
Executed a 120 MW PPA with an investment-grade technology infrastructure provider: total project capital ≈ $190 million, expected adjusted free cash flow ≈ $55 million per annum when operating, and a cash-on-cash payback of <3.5 years. Construction milestones underway with partial revenue recognition expected in 2027.
Meaningful Power Deployment Pipeline
Oilfield power expected to exit the year at 180–200 MW deployed (majority under long-term agreements). Atlas has 470 MW available for 2027 deployment (120 MW end of year + 350 MW scheduled during 2027) and an opportunity set in larger power projects previously sized at ~8–10 GW, with many projects expanding in scale.
CapEx Discipline and Funding
Q2 growth CapEx of ~$131.5 million (majority for Caterpillar equipment) and maintenance CapEx $14.6 million. Second-half CapEx budgeted ≈ $200 million, keeping full-year guidance inside $350–$375 million. Cash on balance sheet ≈ $168 million plus ≈ $125 million undrawn ABL and proceeds from April convertible issuance to fund near-term needs.
Sand & Logistics Operational Records and Automation Progress
Last-mile team set a quarterly shipments record (6 million tons reported). Autonomous deliveries exceeded 4,600 in Q2, up 70% sequentially, with plans to expand operational footprint and target public-road operations by mid-next year.
Pricing & Cost Trends in Proppant Business
Q2 proppant sales volume 5.6 million tons (flat sequentially). Average sales price ~$17.70/ton; per-ton plant operating costs ~$12.39 (down from Q1). Management is executing a disciplined commercial strategy to hold pricing on select tenders to drive longer-term price recovery.
Logistics Margins and Expected Improvement
Q2 logistics margins of 14% with expectations for solid double-digit margins in Q3 as utilization of Dune Express and rate environment improve.
AESI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed