Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the
“Company”) today announced the completion of the acquisition of
Moser Acquisition, Inc. (“Moser Energy Systems” or “Moser”). The
addition of Moser’s distributed power platform to Atlas’ existing
businesses creates an innovative, diversified energy solutions
provider with a leading portfolio of proppant, logistics (including
the Dune Express), and distributed power solutions. The Moser asset
base includes a dynamic fleet of natural gas-powered generators,
expanding Atlas’s current operations into production and
distributed power end markets supported by strong macro tailwinds
and is expected to reduce through-cycle earnings volatility.
John Turner, President and Chief Executive Officer of Atlas,
commented, “We are very excited to complete the acquisition of
Moser, which brings together two innovative companies. I would like
to thank all those who worked hard on getting this deal across the
finish line. I would also like to welcome the Moser team to Atlas.
This acquisition provides Atlas with a new platform for growth, and
we believe our shared culture of innovation will drive further
efficiencies.”
For additional information on the acquisition, please reference
the Acquisition Presentation and Acquisition Press Release issued
on January 27, 2025, both available on Atlas’s investor relations
website at https://ir.atlas.energy/.
About Atlas Energy Solutions
Founded in 2017, Atlas Energy Solutions Inc. (NYSE: AESI) is a
leading energy solutions provider, primarily serving the Permian
Basin of West Texas and New Mexico. Atlas operates 14 proppant
production facilities across the Permian Basin including both
large-scale in-basin facilities and smaller distributed mining
units, making Atlas the largest Permian proppant provider. In
addition, we manage a portfolio of leading-edge logistics assets,
which includes our 42-mile Dune Express conveyor system, the only
proppant conveyor system in the world and the longest conveyor in
the United States. We also manage a fleet of over 120 trucks,
including early autonomous delivery systems, which are capable of
delivering expanded payloads due to our custom-manufactured
trailers and patented drop-depot process. Our approach to managing
proppant production and logistics is intently focused on leveraging
technology, automation, and remote operations to drive
efficiencies. We have a relentless mission to improve human beings’
access to the hydrocarbons that power our lives, and by doing so we
maximize value creation for our stockholders.
About Moser Energy Systems
Moser Energy Systems is a world-class provider of innovative,
low-emission, grid interactive distributed energy solutions for
Oilfield Services, Commercial, Industrial, and Military
applications.
Since 1973, Moser has been at the forefront of advances in
distributed energy solutions. Moser’s cutting-edge technologies
include industry-leading development of proprietary oilfield
generator systems utilizing raw wellhead gas. These innovations
substantially reduce flaring and offer customers significant
reductions in operating expenses. The company’s products and
commitment to customers are recognized throughout the industry as
the gold standard for low-emissions, reliable, and durable natural
gas generators and hybrid generator systems.
Moser continues to build on its commitment to excellence and its
legacy of industry-leading innovation in pursuit of a lower
emissions future powered by flexible, smart energy applications
with integrated grid services and active load management. With a
dynamic vision, dedication to responsible business practices, and
cleaner, more efficient products, Moser is transforming power for
the future.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). Statements
that are predictive or prospective in nature, that depend upon or
refer to future events or conditions or that include the words
“may,” “assume,” “forecast,” “position,” “strategy,” “potential,”
“continue,” “could,” “will,” “plan,” “project,” “budget,”
“predict,” “pursue,” “target,” “seek,” “objective,” “believe,”
“expect,” “anticipate,” “intend,” “estimate” and other expressions
that are predictions of or indicate future events and trends and
that do not relate to historical matters identify forward-looking
statements. Examples of forward-looking statements include, but are
not limited to, statements regarding the anticipated financial
performance of Atlas following the Moser Acquisition; the expected
synergies and efficiencies to be achieved as a result of the Moser
Acquisition; expansion and growth of Atlas’s business; our business
strategy, industry, future operations and profitability; expected
capital expenditures and the impact of such expenditures on our
performance; statements about our financial position, production,
revenues and losses; our capital programs; management changes;
current and potential future long-term contracts; and our future
business and financial performance.
Although forward-looking statements reflect our good faith
beliefs at the time they are made, we caution you that these
forward-looking statements are subject to a number of risks and
uncertainties, most of which are difficult to predict and many of
which are beyond our control. These risks include but are not
limited to: uncertainties as to whether the transaction will
achieve its anticipated benefits and projected synergies within the
expected time period or at all; Atlas’s ability to integrate
Moser’s operations in a successful manner and in the expected time
period; risks that the anticipated tax treatment of the Moser
Acquisition is not obtained; unforeseen or unknown liabilities;
potential litigation relating to the Moser Acquisition; unexpected
future capital expenditures; the effect of the completion of the
Moser Acquisition on the parties’ business relationships and
businesses generally; potential difficulties in retaining employees
as a result of the Moser Acquisition; risks related to future
investments in our new distributed power platform; potential
negative effects of the completion of the Moser Acquisition on the
market price of Atlas’s common stock or operating results; our
ability to successfully execute our stock repurchase program or
implement future stock repurchase programs; commodity price
volatility, including volatility stemming from the ongoing armed
conflicts between Russia and Ukraine and Israel and Hamas;
increasing hostilities and instability in the Middle East; adverse
developments affecting the financial services industry; our ability
to complete growth projects on time and on budget; the risk that
stockholder litigation in connection with our recent corporate
reorganization may result in significant costs of defense,
indemnification and liability; changes in general economic,
business and political conditions, including changes in the
financial markets; transaction costs; actions of OPEC+ to set and
maintain oil production levels; the level of production of crude
oil, natural gas and other hydrocarbons and the resultant market
prices of crude oil; inflation; environmental risks; operating
risks; regulatory changes; lack of demand; market share growth; the
uncertainty inherent in projecting future rates of reserves;
production; cash flow; access to capital; the timing of development
expenditures; the ability of our customers to meet their
obligations to us; our ability to maintain effective internal
controls; and other factors discussed or referenced in our filings
made from time to time with the U.S. Securities and Exchange
Commission (“SEC”), including those discussed under the heading
“Risk Factors” in Annual Report on Form 10-K, filed with the SEC on
February 27, 2024, and any subsequently filed Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. Readers are cautioned
not to place undue reliance on forward-looking statements, which
speak only as of the date hereof. Factors or events that could
cause our actual results to differ may emerge from time to time,
and it is not possible for us to predict all of them. We undertake
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
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Investor Contact Kyle Turlington 5918 W Courtyard Drive,
Suite #500 Austin, Texas 78730 United States T: 512-220-1200
IR@atlas.energy
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