Atlas Energy Solutions Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 5, 2026, covering the period ended June 30, 2026.

Key Highlights

  • Q2 2026 net loss: The company reported a net loss of $25,096 thousand for the three months ended June 30, 2026, compared to a net loss of $5,558 thousand in Q2 2025.
  • Six-month net loss: For the six months ended June 30, 2026, the company reported a net loss of $72,360 thousand, compared to a net loss of $4,339 thousand in the same period of 2025.
  • Total revenue: Total revenue for Q2 2026 was $293,178 thousand, up from $288,676 thousand in Q2 2025; six-month revenue was $558,761 thousand, down from $586,267 thousand in the prior-year period.
  • Long-term debt increase: Long-term debt, net of discount and deferred financing costs, rose to $914,215 thousand as of June 30, 2026, from $538,240 thousand as of December 31, 2025.
  • Cash position: Cash and cash equivalents were $168,216 thousand as of June 30, 2026, compared to $40,632 thousand as of December 31, 2025.
  • Shares outstanding: As of July 30, 2026, the company had 125,003,451 shares of common stock outstanding.
  • Loss on early lease payoff: The company recognized a loss on early payoff of lease financing of $6,783 thousand during Q2 2026.

Atlas Energy Solutions Q2 2026 Financial Results and Balance Sheet Changes

According to the filing, Atlas Energy Solutions Inc. (NYSE: AESI) reported total revenue of $293,178 thousand for the three months ended June 30, 2026, a modest increase from $288,676 thousand in the same quarter of 2025. Revenue was composed of product revenue of $103,538 thousand, service revenue of $162,670 thousand, and rental revenue of $26,970 thousand. For the six-month period, total revenue declined to $558,761 thousand from $586,267 thousand in the first half of 2025, with product revenue falling to $212,478 thousand from $266,253 thousand.

The company disclosed a gross profit of $25,855 thousand for Q2 2026, down from $52,139 thousand in Q2 2025, as cost of sales (excluding depreciation, depletion, and accretion expense) rose to $221,297 thousand from $195,904 thousand. Operating loss for the quarter was $22,547 thousand, compared to operating income of $7,193 thousand in Q2 2025. The filing noted a litigation settlement expense, net, of $2,550 thousand in Q2 2026 with no comparable item in the prior-year period. Selling, general and administrative expense included stock-based compensation of $8,683 thousand for Q2 2026 and $17,125 thousand for the six-month period.

On the balance sheet, total assets increased to $2,555,267 thousand as of June 30, 2026, from $2,228,428 thousand as of December 31, 2025. Total liabilities grew to $1,442,266 thousand from $1,019,504 thousand over the same period, driven in part by the increase in long-term debt. The accumulated deficit widened to $122,664 thousand from $50,304 thousand. During the six months ended June 30, 2026, the company purchased capped calls related to convertible senior notes, which reduced additional paid-in-capital by $38,937 thousand (net of deferred tax impact), according to the stockholders' equity statement.

What Was Disclosed

Atlas Energy Solutions filed its unaudited condensed consolidated financial statements for the quarter and six months ended June 30, 2026, disclosing net losses, revenue by segment, balance sheet changes including a significant increase in long-term debt, and a loss on early payoff of lease financing.