Atlas Energy Solutions Inc. filed its quarterly report on Form 10-Q with the SEC on November 3, 2026, covering the fiscal quarter and nine-month period ended September 30, 2026.

Key Highlights

  • Net loss of $117.475 million for the nine months ended September 30, 2026, compared to a net loss of $28.060 million for the same period in 2025, according to the filing.
  • Third-quarter net loss of $45.115 million ($0.36 per basic and diluted share) for the three months ended September 30, 2026, versus a net loss of $23.721 million ($0.19 per share) in the prior-year quarter.
  • Total revenue of $826.539 million for the nine months ended September 30, 2026, down from $845.880 million in the comparable 2025 period.
  • Total assets increased to $2.545 billion as of September 30, 2026, from $2.228 billion at December 31, 2025.
  • Long-term debt rose to $940.769 million as of September 30, 2026, compared to $538.240 million at December 31, 2025.
  • 125,257,801 shares of common stock outstanding as of October 29, 2026, per the filing.
  • Capped calls related to convertible senior notes reduced additional paid-in capital by $38.971 million, net of deferred tax impact, during the nine-month period.

Atlas Energy Solutions Reports Operating Results and Balance Sheet Changes for the Nine Months Ended September 30, 2026

Atlas Energy Solutions Inc. (NYSE:AESI), a Delaware-incorporated company headquartered in Austin, Texas, reported a net loss of $117.475 million for the nine months ended September 30, 2026, compared to a net loss of $28.060 million for the same period in 2025, according to the filing. For the third quarter alone, the company disclosed a net loss of $45.115 million, widening from a $23.721 million loss in the third quarter of 2025. Basic and diluted loss per share for the nine-month period was $0.94, versus $0.23 in the prior-year period.

Total revenue for the nine months ended September 30, 2026 was $826.539 million, broken down into product revenue of $310.390 million, service revenue of $442.578 million, and rental revenue of $73.571 million, the filing stated. Cost of sales (excluding depreciation, depletion and accretion expense) was $650.830 million for the nine-month period, while gross profit declined to $37.403 million from $130.431 million in the comparable 2025 period. Operating loss for the nine months reached $95.019 million, compared to operating income of $3.986 million in the prior-year period. Net interest expense for the nine months was $48.951 million. The company also disclosed a $6.783 million loss on early payoff of lease financing and a $2.550 million litigation settlement expense, net, during the nine-month period.

On the balance sheet, total assets were $2.545 billion as of September 30, 2026, up from $2.228 billion at December 31, 2025, the filing reported. Long-term debt, net of discount and deferred financing costs, rose to $940.769 million from $538.240 million over the same period. Cash and cash equivalents declined to $22.322 million from $40.632 million. Total stockholders' equity was $1.076 billion as of September 30, 2026, down from $1.209 billion at year-end 2025, reflecting the net loss and other equity transactions including the capped call purchase.

What Was Disclosed

Atlas Energy Solutions filed its Form 10-Q for the quarter ended September 30, 2026, disclosing a widening net loss, declining revenues and gross profit, increased long-term debt, and a reduction in cash and total stockholders' equity compared to December 31, 2025.