Atlas能源解决方案公司2025年季度报告

Table of Contents PART I.FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited) Condensed Consolidated Balance Sheets Condensed Consolidated Statements of Operations Condensed Consolidated Statements of Stockholders’ Equity PART II.OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES Atlas Energy Solutions Inc.Condensed Consolidated Balance Sheets(In thousands, except share data) Atlas Energy Solutions Inc.Notes to Unaudited Condensed Consolidated Financial Statements Note 1 – Business and Organization Atlas Energy Solutions Inc., a Delaware corporation (f/k/a New Atlas HoldCo. Inc.) (“New Atlas” and together with its subsidiaries“we,” “us,” “our,” or the “Company”), was formed on June 28, 2023, pursuant to the laws of the State of Delaware, and is thesuccessor to AESI Holdings Inc. (f/k/a Atlas Energy Solutions Inc.), a Delaware corporation (“Old Atlas”). New Atlas is a holdingcompany and the ultimate parent company of Atlas Sand Company, LLC (“Atlas LLC”), a Delaware limited liability company Sand and Logistics The Company is a producer of high-quality, locally sourced100mesh and40/70sand used as a proppant during the wellcompletion process. Proppant is necessary to facilitate the recovery of hydrocarbons from oil and natural gas wells. One hundredpercent of Atlas LLC’s sand reserves are located in Texas within the Permian Basin and operations consist of proppant productionand processing facilities, including four facilities near Kermit, Texas (together, the “Kermit facilities”), a fifth facility nearMonahans, Texas (the “Monahans facility”), and the OnCore distributed mining network. We sell products and services primarilyto oil and natural gas exploration and production companies and oilfield services companies primarily under supply agreements and Power We provide distributed power solutions through a fleet of more than950natural gas-powered reciprocating generators, withapproximately225megawatts of existing power generation, primarily supporting production and artificial lift operations across all Moser Acquisition On February 24, 2025 (“Moser Closing Date”), the Company completed the acquisition of (i)100% of the authorized, issued andoutstanding equity ownership interests in Moser Acquisition, Inc., a Delaware corporation (“Moser AcquisitionCo”), and (ii) MoserEngine Service, Inc. (d/b/a Moser Energy Systems), a Wyoming corporation and a wholly-owned subsidiary of MoserAcquisitionCo (such transaction, the “Moser Acquisition”), collectively referred to as “Moser,”in exchange for mixedconsideration totaling $222.9million, subject to customary post-closing adjustments, pursuant to that certain Stock PurchaseAgreement (the “Moser Purchase Agreement”) by and among Wyatt Holdings, LLC, a Delaware limited liability company and an The foregoing description of the Moser Acquisition and the Moser Purchase Agreement does not purport to be complete and issubject to, and qualified in its entirety by, the full text of the Moser Purchase Agreement, a copy of which is filed as Exhibit 2.1 to Hi-Crush Transaction On March 5, 2024 (“Hi-Crush Closing Date”), the Company completed the acquisition of the Permian Basin proppant productionand logistics businesses and operations of Hi-Crush Inc., a Delaware corporation (“Hi-Crush”), in exchange for mixed certain Agreement and Plan of Merger, dated February 26, 2024 (the “Hi-Crush Merger Agreement”), by and among the Company,Atlas LLC, Wyatt Merger Sub 1 Inc., a Delaware corporation and direct, wholly-owned subsidiary of Atlas LLC, Wyatt MergerSub 2, LLC, a Delaware limited liability company and direct, wholly-owned subsidiary of Atlas LLC, Hi-Crush, each stockholderof Hi-Crush as of immediately prior to the effective time of the mergers pursuant to the Hi-Crush Merger Agreement (each a “Hi-Crush Stockholder” and, collectively, the “Hi-Crush Stockholders”), Clearlake Capital Partners V Finance, L.P., solely in itscapacity as the Hi-Crush Stockholders’ representative and HC Minerals Inc., a Delaware corporation (collectively, the “Parties”).Refer to Note 3 -Acquisitionsfor further discussion. 5 Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) have been prepared inaccordance with generally accepted accounting principles in the United States of America (“GAAP”) and the requirements of theU.S.Securities and Exchange Commission (the “SEC”). All adjustments necessary for a fair presentation of the FinancialStatements have been included. Such adjustments are of a normal, recurring nature. These Financial Statements include theaccounts of New Atlas, Old Atlas, Atlas Sand Operating, LLC, a Delaware limited liability company (“Atlas Operati