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Atlas Energy Solutions (AESI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Atlas Energy Solutions (AESI) Q3 2026 earnings results →
Q3 2026 Revenue up 3% year over year to $268M · 17¢ of every $1 of revenue lost · operating margin -14.9%
Atlas Energy Solutions made $268M in Q3 2026 (+3% Y/Y): Service $141M, Product $97.9M, Rental Revenue $29.1M. Operating margin -14.9%, net loss $45.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $267.8M in Q3 2026, up 3% year over year and down 9% from the previous quarter. Service was the largest line at 53% of revenue. Rental Revenue added $12.6M year over year (up 77%), 155% of the total change. Product declined 9%.
Gross margin was 1.9%, down 7.2 points from Q3 2025. Operating costs exceeded revenue by $40.0M, an operating margin of -14.9%. Operating expenses grew 7% against revenue growth of 3%. The quarter ended with a net loss of $45.1M, wider than the previous quarter's $25.1M loss.
Operating cash flow was $23.4M (down 28% year over year). Non-cash charges added back $47.1M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $184.7M exceeded it, leaving free cash flow of −$161.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $268M | +3% | -14.9% | −$45.1M | $23.4M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $293M | +2% | -7.7% | −$25.1M | −$553K |
| Q1 2026 | 10-Q | May 5, 2026 | $266M | -11% | -12.2% | −$47.3M | $19.0M |
| Q4 2025 | 10-K | Feb 24, 2026 | $249M | -8% | -6.0% | −$22.2M | $3.7M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $260M | -15% | -7.1% | −$23.7M | $32.4M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $289M | +0.4% | 2.5% | −$5.6M | $88.6M |
| Q1 2025 | 10-Q | May 6, 2025 | $298M | +54% | 5.2% | $1.2M | −$7.5M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Atlas Energy Solutions
Atlas Energy Solutions Inc. (NYSE: AESI) is a leading energy solutions provider, unlocking energy that powers the world’s critical infrastructure. For companies requiring power where grid utilities are unavailable, Atlas can help customers overcome the schedule and capital expense barriers that hinder project and operational success. For oil & gas producers, Atlas helps companies overcome disruptive operational and technical challenges to maximize oilfield completions and operations. From large scale private grid power systems to the world’s most advanced frac sand delivery networks, Atlas delivers the engineering, technology and turnkey project execution expertise that turns energy constraints into advantages.
In its own words, from its 8-K, filed Aug 3, 2026.
Atlas Energy Solutions against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +46%. Operating margin: -14.9% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AESI Atlas Energy Solutions | Q3 2026 | $268M | +3% | -14.9% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Atlas Energy Solutions 10-Q on SEC EDGAR · CIK 1984060 · Crude Petroleum & Natural Gas
13F: who owns AESI and who is buying
More on AESI
- How Atlas Energy Solutions makes money: revenue by segment
- Atlas Energy Solutions next earnings date and what analysts expect
- Atlas Energy Solutions stock forecast, price target and fair value
- Who owns Atlas Energy Solutions stock: holders, funds and Congress trades
- Atlas Energy Solutions guidance and outlook
- Is Atlas Energy Solutions a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results