Atlas Energy Solutions CEO John Gregory Turner buys $99,869 in shares

In a recent transaction, John Gregory Turner, the CEO and President of Atlas Energy Solutions Inc. (NYSE:AESI), acquired 7,980 shares of the company’s common stock. The purchase, which took place on May 9, 2025, was executed at a price of $12.515 per share, totaling approximately $99,869. The timing is notable as the stock has declined 34% over the past six months, according to InvestingPro data, while currently offering a substantial 7.83% dividend yield.

Following this acquisition, Turner holds a significant number of shares indirectly through 3 Dog Interests, LP, where he is the sole manager of the general partner, 3 Dog Interests GP, LLC. This transaction was part of an amended filing, correcting a previous report that incorrectly coded the transaction.

Turner, who is a member of the 10% owner group, continues to maintain a substantial stake in the company, with a total of 1,327,980 shares held indirectly following this transaction.

In other recent news, Atlas Energy Solutions reported its first-quarter 2025 earnings, revealing a significant shortfall in earnings per share (EPS), which stood at $0.01, missing the forecasted $1.06. Despite this, the company exceeded revenue expectations, bringing in $297.6 million against a projected $234.1 million. Citi analyst Scott Gruber subsequently lowered the company’s price target from $18.00 to $14.00, while maintaining a Neutral rating, reflecting adjustments in the financial model due to reduced proppant sales estimates and logistics segment performance. Gruber’s forecast aligns with the company’s guidance of a flat adjusted EBITDA quarter-over-quarter, with expectations of $76 million for the second quarter and $302 million for the full year 2025.

In addition to financial performance, Atlas Energy Solutions completed the acquisition of Moser Energy Systems and launched the Dune Express logistics infrastructure, both of which are expected to contribute to future growth. The company also held its annual meeting, where stockholders elected three Class II directors and ratified Ernst & Young LLP as the independent registered public accounting firm for 2025. Furthermore, stockholders approved annual advisory votes on executive compensation. These developments come amidst a backdrop of market uncertainty and commodity price volatility, which have influenced customer spending and project timelines.

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