Atlas Energy Solutions Inc (NYSE: AESI) is an oilfield services company that produces and delivers proppant, primarily high-quality Permian Basin sand, used in hydraulic fracturing operations. Revenue is generated through transactional sales of proppant and, following its acquisition of Moser Logistics, through last-mile logistics and transportation services that move sand from storage to wellsite. Atlas operates exclusively in the Permian Basin, serving oil and gas exploration and production companies and oilfield service operators active in that region. The company went public and subsequently completed an Up-C Simplification transaction on October 2, 2023, consolidating its corporate structure. As of the 10-K filed February 24, 2026 (accession 0001193125-26-067145), Atlas remains headquartered in Texas.

Revenue model

Transactional sales of proppant (frac sand) to oilfield customers, supplemented by last-mile logistics and transportation service fees following the Moser Logistics acquisition.

Products and services

High-quality Permian Basin frac sand (proppant); last-mile proppant logistics and transportation services.

Customers and end markets

Oil and gas exploration and production companies; oilfield pressure pumping service operators; end market is hydraulic fracturing in the Permian Basin.

Value-chain role

Upstream oilfield services supplier; proppant producer and last-mile logistics provider positioned between sand mining and wellsite completion operations.

Geographic exposure

Permian Basin, Texas.

Source: SEC 10-K, filed 2026-02-24

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