For the quarter ending 2026-03-31, AESI had -$852K decrease in cash & cash equivalents over the period. -$10,279K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 265,583 | 249,430 | 259,613 | 288,676 |
| Cost of sales (excluding depreciation, depletion and accretion expense) | 214,025 | 187,298 | 195,230 | 195,904 |
| Depreciation, depletion and accretion expense | 45,226 | 41,896 | 40,619 | 40,633 |
| Gross profit (loss) | 6,332 | 20,236 | 23,764 | 52,139 |
| Selling, general and administrative expense | 35,746 | 33,724 | 36,322 | 34,371 |
| Credit loss expense | 17 | 571 | 97 | 4,110 |
| Amortization expense of acquired intangible assets | 6,371 | 6,414 | 5,883 | 6,465 |
| Change in fair value of contingent consideration | - | -3,360 | - | - |
| Loss on disposal of assets | - | 0 | 0 | 0 |
| Insurance recovery (gain) | -3,326 | -2,217 | 0 | 0 |
| Operating income (loss) | -32,476 | -14,896 | -18,538 | 7,193 |
| Interest (expense), net | -15,784 | -16,110 | -15,010 | -14,798 |
| Other income, net | 119 | - | -3 | 370 |
| Income (loss) before income taxes | -47,774 | -30,905 | -33,551 | -7,235 |
| Income tax expense (benefit) | -510 | -8,661 | -9,830 | -1,677 |
| Net income (loss) | -47,264 | -22,244 | -23,721 | -5,558 |
| Depreciation, depletion and accretion expense | 46,883 | 43,430 | 42,048 | 41,717 |
| Amortization expense of acquired intangible assets | 6,371 | 6,414 | 5,883 | 6,465 |
| Amortization of debt discount | 1,057 | 1,781 | 1,423 | 1,399 |
| Amortization of deferred financing costs | 97 | 102 | 98 | 97 |
| Change in fair value of contingent consideration | - | -3,360 | - | - |
| Stock-based compensation | 8,442 | 9,075 | 9,344 | 8,290 |
| Gain on sales of power equipment | 1,284 | 0 | 0 | 0 |
| Deferred income tax | -5,127 | -6,665 | -9,207 | -3,002 |
| Credit loss expense | 17 | 571 | 97 | 4,110 |
| Other | 51 | -2,301 | -126 | 108 |
| Accounts receivable | 31,012 | -1,125 | -4,990 | -54,647 |
| Accounts receivable - related party | -72 | 72 | - | - |
| Inventories | -841 | 1,764 | -5,614 | 2,982 |
| Spare part inventories | 5,188 | 4,838 | 6,366 | 2,123 |
| Prepaid expenses and other current assets | 2,993 | 11,717 | 621 | 2,382 |
| Other long-term assets | 8 | -2,035 | -106 | -1,094 |
| Accounts payable | 27,179 | -19,378 | 3,745 | -18,664 |
| Accounts payable - related parties | -13 | 0 | -62 | 18 |
| Deferred revenue | 3,264 | -1,595 | -1,700 | -1,961 |
| Lease incentive receipts | 2,069 | - | - | - |
| Accrued liabilities and other liabilities | 15,644 | 8,506 | 650 | 7,585 |
| Net cash provided by (used in) operating activities | 18,996 | 3,707 | 32,447 | 88,642 |
| Purchases of property, plant and equipment | 29,275 | 21,808 | 33,806 | 40,268 |
| Proceeds from sales of power equipment | 3,336 | - | - | - |
| Proceeds from insurance recovery | 3,326 | 2,217 | 0 | 0 |
| Acquisitions, net of cash acquired | 0 | 0 | 22,658 | 0 |
| Repurchases of common stock under share repurchase program | - | 0 | 0 | 200 |
| Net cash used in investing activities | -22,613 | -19,591 | -56,464 | -40,268 |
| Net proceeds from ipo | - | 0 | - | - |
| Proceeds from term loan borrowings | - | - | 0 | 0 |
| Proceeds from abl credit facility | 25,000 | 25,000 | 25,000 | 0 |
| Payment of offering costs | - | 0 | - | - |
| Principal payments on term loan borrowings | 5,190 | 3,259 | 4,725 | 4,752 |
| Member distributions prior to ipo | - | 0 | - | - |
| Prepayment fee on 2021 term loan credit facility | - | -70,000 | 0 | 0 |
| Payment on deferred cash consideration note | 11,085 | 0 | 0 | 0 |
| Payments under finance leases | 2,134 | 1,340 | 941 | 732 |
| Repayment of equipment finance notes | 2,599 | 1,804 | 1,607 | 1,223 |
| Dividends and distributions | - | 92,281 | - | - |
| Taxes withheld on vesting rsus | 1,227 | 1,295 | 230 | 426 |
| Proceeds from equity offering, net of issuance costs | 0 | 0 | 0 | 0 |
| Proceeds from term loan borrowings | 0 | 186,805 | - | - |
| Payment on abl credit facility | 0 | 70,000 | - | - |
| Dividends | -61,846 | - | 30,940 | 30,906 |
| Issuance costs associated with debt financing | 0 | 135 | 0 | 0 |
| Net cash provided by financing activities | 2,765 | 15,167 | -13,443 | -38,239 |
| Net decrease in cash and cash equivalents | -852 | -717 | -37,460 | 10,135 |
| Cash and cash equivalents, beginning of period | 40,632 | 41,349 | 78,809 | 68,674 |
| Cash and cash equivalents, end of period | 39,780 | 40,632 | 41,349 | 78,809 |
Atlas Energy Solutions Inc. (AESI)
Atlas Energy Solutions Inc. (AESI)