Atlas Energy Solutions Business Summary

Atlas Energy Solutions Inc. (AESI) is a leading provider of proppant and logistics services specifically optimized for the Permian Basin. The company generates revenue through three primary business segments: Proppant, Logistics, and Power. The Proppant segment focuses on the production and sale of high-quality frac sand from its Kermit and Monahans facilities, while the Logistics segment leverages a fleet of specialized trucks and the Dune Express—a 42-mile overland conveyor system—to reduce transportation costs and emissions. Following the 2025 acquisition of Moser Energy Systems, the company expanded into the Power segment, providing distributed, behind-the-meter power solutions via a fleet of over 900 natural gas-powered generators. AESI competes directly with firms such as U.S. Silica, Liberty Energy (LBRT), ProPetro (PUMP), and Select Water Solutions (WTTR), maintaining a dominant market position as the largest proppant operator in the Permian with an estimated 30% market share. The company was founded in 2017 by Executive Chairman Ben M. "Bud" Brigham, a veteran energy entrepreneur who previously founded and led Brigham Exploration and Brigham Minerals to successful exits. The leadership team is currently headed by CEO John Turner, who was promoted from CFO in early 2024 and brings over two decades of oil and gas finance experience, and CFO Blake McCarthy, who joined in May 2024 after serving as an executive at NOV Inc. and a principal investor at Citadel Global Equities. Other key leaders include Tim Ondrak, SVP and President of the Power Business Unit, and Dathan Voelter, General Counsel. AESI is backed by a notable roster of institutional investors, including BlackRock, Vanguard, and Leon Cooperman’s Omega Advisors, with a board of directors that includes industry veterans such as Gayle Burleson and A. Lance Langford.