Filing Flows › Atlas Energy Solutions (AESI) › Q1 2025
Atlas Energy Solutions (AESI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Atlas Energy Solutions (AESI) reported revenue of $298M for the first quarter 2025 (Q1 2025), +54% from a year earlier and +10% from the quarter before. Operating margin was 5.2%, net earnings $1.2M (0.4% of revenue).
Atlas Energy Solutions, Q1 2025: revenue $298M (+54% year over year), operating margin 5.2%, net earnings $1.2M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | +10% | +54% |
| Gross profit | $54.5M | +9% | -21% |
| Operating profit | $15.3M | -50% | -61% |
| Net earnings | $1.2M | -92% | -95% |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $297.6M in Q1 2025, up 54% year over year and up 10% from the previous quarter. Service was the largest line at 51% of revenue. Service added $71.4M year over year (up 90%), 68% of the total change.
Gross margin was 18.3%, down 17.4 points from a year earlier. Operating profit was $15.3M, a 5.2% margin (down 15.4 points year over year). Operating profit fell $24.3M even though revenue rose $104.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 35% against revenue growth of 54%. The fastest-growing cost line was Other operating costs (+351%). Net earnings were $1.2M, down 95% year over year. The effective tax rate was 65.3%.
Operating cash flow was −$7.5M. Non-cash charges added back $37.0M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $52.2M. Capital expenditures of $52.4M exceeded it, leaving free cash flow of −$59.8M.
Questions
What was Atlas Energy Solutions' revenue in the first quarter 2025?
Atlas Energy Solutions (AESI) reported revenue of $298M for the first quarter 2025 (Q1 2025), +54% from a year earlier and +10% from the quarter before.
Was Atlas Energy Solutions profitable in the first quarter 2025?
Operating profit was $15.3M (5.2% of revenue) and net earnings $1.2M.