Atlas Energy Solutions Inc. (AESI) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 25, 2025 10:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Greetings, and welcome to the Atlas Energy Solutions Fourth Quarter and Year End 2024 Financial and Operational Results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Kyle Turlington, Vice President Investor Relations. Thank you. You may begin.

Kyle Turlington

Hello, and welcome to the Atlas Energy Solutions conference call and webcast for the fourth quarter of 2024. With us today are Bud Brigham, Executive Chair; John Turner, President and CEO; Blake McCarthy, CFO, and Chris Scholla, COO. Bud, John, Blake and Chris will be sharing their comments on the company's operational and financial performance for the fourth quarter of 2024, after which we will open the call for Q&A.

Before we begin our prepared remarks, I would like to remind everyone that, this call will include forward-looking statements as defined under the US securities laws. Such statements are based on current information and management's expectations as of this statement and are not guarantees of future performance.

Forward-looking statements involve certain risks, uncertainties and assumptions that are difficult to predict. As such, our actual outcomes and results could differ materially. You can learn more about these risks in the annual report on Form 10-K, we filed with the SEC on February 27, 2024, our quarterly reports on Form 10-Q and current reports on Form 8-K and other SEC filings. You should not place undue reliance on forward-looking statements, and we undertake no obligation to update these forward-looking statements.

We will also make reference to certain non-GAAP financial measures, such as adjusted EBITDA, adjusted free cash flow, and other operating metrics and statistics. You will find the GAAP reconciliation comments and calculations in yesterday's press release.

With that said, I will turn the call over to John Turner.

John Turner

Thank you, Kyle. And thanks to everyone for joining us today to discuss our full year and fourth quarter 2024 operational and financial results. 2025 is set to be a transformational year for Atlas and we have come out of the blocks at a full sprint. On January 12, we announced our first commercial delivery of the Dune Express. Our team is now focused on ramping our volumes, working towards our goal of full effective utilization by mid-year, if not sooner.