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Atlas Energy Solutions AESI Service — Cost Of Revenue

Other product segments

Rental
$21.7M

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Other financials

Income statement

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Revenue$293.2M+1.6%
Gross profit$71.9M-22.5%
Operating income-$22.5M-413%
Net income-$25.1M-352%
EPS (diluted)-$0.20-400%

Balance sheet

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Cash & equivalents$168.2M+113%
Total debt$1.0B+89.9%
Total equity$1.1B-12.5%
Total assets$2.6B+13.7%

Cash flow

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Operating cash flow$19.0M+355%
CapEx$153.8M+282%
Free cash flow-$154.4M

Valuation

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Market cap$1.38B-7.8%
Enterprise value$2.26B+14.7%
P/S1.3×0.0×

Profitability

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Gross margin23.4%-6.2pp
Operating margin-8.3%-14.2pp
Net margin-11.1%-12.3pp
FCF margin-17.2%

Returns & leverage

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Return on equity-9.9%-11.1pp
Debt / equity0.9×+0.5×
Current ratio1.8×+0.3×

Where this comes from

Reported directly by Atlas Energy Solutions in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Atlas Energy Solutions’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 4:25 PM EST
Fiscal year
FY2025
Accession
0001193125-26-067145

Cost of sales, excluding depreciation, depletion and accretion expense, related to service revenue primarily consists of direct and indirect labor, transportation costs and rental equipment. Service-related costs were $490.3 million, $462.5 million, and $128.6 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Atlas Energy Solutions's service — cost of revenue?
Atlas Energy Solutions (AESI) reported service — cost of revenue of $122.58M in Q4 2025.
How has Atlas Energy Solutions's service — cost of revenue changed year-over-year?
Atlas Energy Solutions's service — cost of revenue increased by 6.0% year-over-year, from $115.63M to $122.58M.
What is the long-term trend for Atlas Energy Solutions's service — cost of revenue?
Over 4 years (2021 to 2025), Atlas Energy Solutions's service — cost of revenue has grown at a 106.6% compound annual growth rate (CAGR), from $26.9M to $490.3M.
What does service — cost of revenue mean?
This metric captures the direct costs incurred to deliver logistics and proppant-related services, including labor, equipment maintenance, fuel, and other variable operational expenses. It serves as a measure of the direct efficiency and cost structure associated with the service segment's revenue generation. Monitoring this helps investors evaluate the segment's gross margin profile and the company's ability to manage operational overhead in a volatile energy market.

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