Filing Flows › Atlas Energy Solutions (AESI) › Q1 2026
Atlas Energy Solutions (AESI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Atlas Energy Solutions (AESI) reported revenue of $266M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +6% from the quarter before. Operating margin was -12.2%, net loss $47.3M (17.8% of revenue).
Atlas Energy Solutions, Q1 2026: revenue $266M (-11% year over year), operating margin -12.2%, net loss $47.3M, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $266M | +6% | -11% |
| Operating profit | −$32.5M | — | -312% |
| Net earnings | −$47.3M | — | -3977% |
| Operating cash flow | $19.0M | +412% | — |
What changed
Revenue was $265.6M in Q1 2026, down 11% year over year and up 6% from the previous quarter. Service was the largest line at 52% of revenue. Product lost $30.7M year over year (down 22%), 96% of the total change.
Gross margin was 2.4%, down 15.9 points from Q1 2025. Operating costs exceeded revenue by $32.5M, an operating margin of -12.2%. Operating expenses fell 1% while revenue fell 11%. The quarter ended with a net loss of $47.3M, wider than the previous quarter's $22.2M loss.
Operating cash flow was $19.0M. Non-cash charges added back $45.2M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items added $12.6M. Capital expenditures of $29.3M exceeded it, leaving free cash flow of −$10.3M.
Questions
What was Atlas Energy Solutions' revenue in the first quarter 2026?
Atlas Energy Solutions (AESI) reported revenue of $266M for the first quarter 2026 (Q1 2026), -11% from a year earlier and +6% from the quarter before.
Was Atlas Energy Solutions profitable in the first quarter 2026?
Operating loss was $32.5M (-12.2% of revenue) and net loss $47.3M.