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Investing.com -- Atlas Energy Solutions Inc. (NYSE:AESI) reported first quarter 2025 results that exceeded analyst expectations for revenue, sending shares up 4.8% in after-hours trading.
The energy services company posted revenue of $297.6 million for the quarter, surpassing the consensus estimate of $234.1 million. This represents a 54.5% increase compared to $192.7 million in the same quarter last year. However, adjusted earnings per share came in at $0.01, falling short of analysts’ expectations of $1.06.
Atlas Energy Solutions reported net income of $1.2 million for the first quarter, down significantly from $26.8 million in Q1 2024. Adjusted EBITDA was $74.3 million, with a margin of 25%, compared to $75.5 million and a 39% margin in the prior-year period.
John Turner, President & CEO, commented on the quarter: "The first quarter of 2025 was an exciting start to the year for Atlas with the acquisition of Moser Energy Systems and the start-up of the Dune Express. While our first quarter results were impacted by higher operating costs tied to the start-up of the Dune Express, we are extremely proud of our team’s strong operational execution this quarter."
The company maintained its quarterly dividend of $0.25 per share, payable on May 22, 2025.
Looking ahead, Atlas Energy Solutions expects sales volumes and Adjusted EBITDA in the second quarter of 2025 to be relatively flat to up sequentially compared to first quarter levels. The company noted some customers have deferred development projects planned for Q2 into the latter half of the year due to uncertainty around the global economic outlook and commodity prices.
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