$AESI
Atlas Energy Solutions Inc.

2023 Q4 Form 10-Q Financial Statement

#000095017023056532 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $141.1M $157.6M $149.9M
YoY Change -5.82% 11.25% 183.59%
Cost Of Revenue $78.19M $77.99M $75.08M
YoY Change 4.15% 15.93% 137.64%
Gross Profit $62.95M $79.63M $74.79M
YoY Change -15.84% 7.01% 251.88%
Gross Profit Margin 44.6% 50.52% 49.9%
Selling, General & Admin $13.65M $14.30M $7.903M
YoY Change 72.69% 147.68% 55.6%
% of Gross Profit 21.68% 17.96% 10.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.27M $10.22M $8.089M
YoY Change 51.64% 43.23% -67.12%
% of Gross Profit 19.49% 12.84% 10.82%
Operating Expenses $13.65M $14.30M $7.903M
YoY Change 72.69% 147.68% 55.6%
Operating Profit $49.30M $65.32M $66.89M
YoY Change -26.3% -4.82% 313.51%
Interest Expense -$2.230M $1.496M -$3.990M
YoY Change -44.11% -61.4% -81.35%
% of Operating Profit -4.52% 2.29% -5.97%
Other Income/Expense, Net -$8.000K $136.0K $121.0K
YoY Change -106.61% -84.92% 8.04%
Pretax Income $47.06M $63.96M $63.02M
YoY Change -25.32% -2.58% -1333.69%
Income Tax $11.01M $7.600M $434.0K
% Of Pretax Income 23.4% 11.88% 0.69%
Net Earnings $35.74M $29.44M $62.58M
YoY Change -42.9% -54.75% -1213.77%
Net Earnings / Revenue 25.32% 18.68% 41.76%
Basic Earnings Per Share $0.51
Diluted Earnings Per Share $0.36 $0.51 $1.10
COMMON SHARES
Basic Shares Outstanding 100.0M 57.24M
Diluted Shares Outstanding 57.93M

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.2M $264.5M $82.01M
YoY Change 156.28% 191.6% 102.99%
Cash & Equivalents $210.2M $264.5M $82.01M
Short-Term Investments
Other Short-Term Assets $30.79M $16.72M
YoY Change 139.34% 48.51%
Inventory $6.449M $3.961M $5.614M
Prepaid Expenses $15.40M $5.200M
Receivables $71.17M $102.2M $73.34M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $318.7M $401.5M $178.7M
YoY Change 78.3% 123.22% 112.09%
LONG-TERM ASSETS
Property, Plant & Equipment $934.7M $829.0M $541.5M
YoY Change 72.6% 59.21% 18.15%
Goodwill $0.00
YoY Change
Intangibles $1.767M
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.189M $4.294M $7.522M
YoY Change -44.31% -30.7% 496.98%
Total Long-Term Assets $943.0M $837.7M $572.3M
YoY Change 64.78% 59.0% 24.52%
TOTAL ASSETS
Total Short-Term Assets $318.7M $401.5M $178.7M
Total Long-Term Assets $943.0M $837.7M $572.3M
Total Assets $1.262B $1.239B $751.0M
YoY Change 68.0% 75.34% 38.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.88M $57.52M $31.65M
YoY Change 92.39% 96.13% 147.28%
Accrued Expenses $28.46M $38.84M $30.63M
YoY Change -7.09% 21.32% 234.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $20.59M
YoY Change -100.0% -100.0% 32.28%
Total Short-Term Liabilities $92.59M $100.6M $88.67M
YoY Change 4.42% 12.52% 118.2%
LONG-TERM LIABILITIES
Long-Term Debt $172.8M $172.5M $126.6M
YoY Change 36.52% 17.64% -20.74%
Other Long-Term Liabilities $6.921M $6.363M $22.47M
YoY Change -69.2% 22.29% 676.3%
Total Long-Term Liabilities $179.7M $178.9M $149.1M
YoY Change 20.58% 17.79% -8.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.59M $100.6M $88.67M
Total Long-Term Liabilities $179.7M $178.9M $149.1M
Total Liabilities $393.9M $328.1M $239.6M
YoY Change 64.35% 34.95% 16.81%
SHAREHOLDERS EQUITY
Retained Earnings -$41.26M -$76.99M $0.00
YoY Change
Common Stock $1.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $867.8M -$75.99M $511.4M
YoY Change
Total Liabilities & Shareholders Equity $1.262B $1.239B $751.0M
YoY Change 68.0% 75.34% 38.09%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income $35.74M $29.44M $62.58M
YoY Change -42.9% -54.75% -1213.77%
Depreciation, Depletion And Amortization $12.27M $10.22M $8.089M
YoY Change 51.64% 43.23% -67.12%
Cash From Operating Activities $85.50M $55.41M $50.01M
YoY Change 70.96% -31.23% 134.18%
INVESTING ACTIVITIES
Capital Expenditures $119.8M $98.86M $35.43M
YoY Change 238.13% 176.63% 82.89%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$119.8M -$98.86M -$35.43M
YoY Change 238.13% 176.63% 82.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.07M -33.68M -23.29M
YoY Change -13.82% 45.68% -1093.77%
NET CHANGE
Cash From Operating Activities 85.50M 55.41M 50.01M
Cash From Investing Activities -119.8M -98.86M -35.43M
Cash From Financing Activities -20.07M -33.68M -23.29M
Net Change In Cash -54.36M -77.14M -8.710M
YoY Change 524.16% -455.29% -301.2%
FREE CASH FLOW
Cash From Operating Activities $85.50M $55.41M $50.01M
Capital Expenditures $119.8M $98.86M $35.43M
Free Cash Flow -$34.29M -$43.45M $14.58M
YoY Change -335.12% -196.92% 634.71%

Facts In Submission

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-30024000
us-gaap Limited Liability Company Llc Members Equity Unit Based Compensation
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
543000
us-gaap Net Income Loss
NetIncomeLoss
154423000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
463639000
us-gaap Profit Loss
ProfitLoss
190443000
us-gaap Profit Loss
ProfitLoss
154423000
aesi Depreciation Depletion And Accretion Expense
DepreciationDepletionAndAccretionExpense
29368000
aesi Depreciation Depletion And Accretion Expense
DepreciationDepletionAndAccretionExpense
20528000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
469000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
338000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
270000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
332000
us-gaap Share Based Compensation
ShareBasedCompensation
3660000
us-gaap Share Based Compensation
ShareBasedCompensation
543000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19059000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
0
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
1857000
aesi Settlements On Commodity Derivatives
SettlementsOnCommodityDerivatives
0
aesi Settlements On Commodity Derivatives
SettlementsOnCommodityDerivatives
1996000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-143000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-61000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
28893000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
43144000
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-868000
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-90000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1653000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
481000
aesi Spare Part Inventory
SparePartInventory
4141000
aesi Spare Part Inventory
SparePartInventory
3333000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10355000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1205000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1681000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
5150000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3877000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
7301000
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
93000
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-433000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6703000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
8691000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
16878000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
213524000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
156000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
245693000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54164000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-245693000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54164000
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
303426000
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6020000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
15000000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
30024000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16573000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20557000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2649000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4397000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
233000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1932000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
703000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
20002000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0
aesi Total Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
TotalDistributionMadeToLimitedLiabilityCompanyLlcMemberCashDistributionsPaid
22156000
aesi Total Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
TotalDistributionMadeToLimitedLiabilityCompanyLlcMemberCashDistributionsPaid
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
214697000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51517000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
182528000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50319000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
82010000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40401000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
264538000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90720000
us-gaap Interest Paid Net
InterestPaidNet
10735000
us-gaap Interest Paid Net
InterestPaidNet
11140000
us-gaap Income Taxes Paid
IncomeTaxesPaid
11403000
us-gaap Income Taxes Paid
IncomeTaxesPaid
468000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
46710000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17268000
aesi Redeemable Noncontrolling Interest Cumulative Adjustment To Redemption Value
RedeemableNoncontrollingInterestCumulativeAdjustmentToRedemptionValue
185412000
aesi Redeemable Noncontrolling Interest Cumulative Adjustment To Redemption Value
RedeemableNoncontrollingInterestCumulativeAdjustmentToRedemptionValue
0
aesi Finance Lease Assets Acquired Through Debt
FinanceLeaseAssetsAcquiredThroughDebt
39454000
aesi Finance Lease Assets Acquired Through Debt
FinanceLeaseAssetsAcquiredThroughDebt
0
aesi Finance Lease Liabilities Converted To Debt
FinanceLeaseLiabilitiesConvertedToDebt
42795000
aesi Finance Lease Liabilities Converted To Debt
FinanceLeaseLiabilitiesConvertedToDebt
0
CY2023Q1 aesi Proceeds From Issuance Initial Public Offering Net
ProceedsFromIssuanceInitialPublicOfferingNet
291200000
CY2023Q1 aesi Deferred Tax Liability Arising From The Initial Public Offering
DeferredTaxLiabilityArisingFromTheInitialPublicOffering
27500000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:5.667%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:5.667%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates used in the preparation of these Financial Statements include, but are not limited to: the sand reserves and their impact on calculating the depletion expense under the units-of-production method; the depreciation and amortization associated with property, plant and equipment; stock and unit-based compensation; spare parts inventory reserve; collectability of receivables; </span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">certain liabilities; and income tax expense. We base estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.</span></p>
CY2023Q3 aesi Intrafi Account Deposits
IntrafiAccountDeposits
119400000
CY2023Q3 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
112300000
aesi Allowance For Credit Losses
AllowanceForCreditLosses
de minimis
CY2022 aesi Allowance For Credit Losses
AllowanceForCreditLosses
de minimis
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
0
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
0
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
531000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
290000
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2924000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4825000
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
506000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
499000
CY2023Q3 us-gaap Inventory Net
InventoryNet
3961000
CY2022Q4 us-gaap Inventory Net
InventoryNet
5614000
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
951789000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
639503000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
122792000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
97979000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
828997000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
541524000
CY2023Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
846000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
515000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4286000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
971000
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
345000
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
167000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1742000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
286000
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
289000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
227000
us-gaap Operating Lease Cost
OperatingLeaseCost
823000
us-gaap Operating Lease Cost
OperatingLeaseCost
839000
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
160000
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
173000
us-gaap Variable Lease Cost
VariableLeaseCost
458000
us-gaap Variable Lease Cost
VariableLeaseCost
515000
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5893000
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3740000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
18255000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
7130000
CY2023Q3 us-gaap Lease Cost
LeaseCost
7533000
CY2022Q3 us-gaap Lease Cost
LeaseCost
4822000
us-gaap Lease Cost
LeaseCost
25564000
us-gaap Lease Cost
LeaseCost
9741000
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
443000
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
290000
us-gaap Operating Lease Payments
OperatingLeasePayments
1018000
us-gaap Operating Lease Payments
OperatingLeasePayments
1016000
CY2023Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
345000
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
167000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1742000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
286000
CY2023Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
232000
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
310000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1932000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
703000
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
559000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5384000
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4187000
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
7262000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
25063000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11213000
CY2022Q3 aesi Amended Operating Lease Right Of Use Asset
AmendedOperatingLeaseRightOfUseAsset
1300000
CY2022Q3 aesi Amended Operating Lease Liability
AmendedOperatingLeaseLiability
1300000
CY2022Q3 aesi Amended Finance Lease Right Of Use Asset
AmendedFinanceLeaseRightOfUseAsset
3200000
CY2022Q3 aesi Amended Finance Lease Liability
AmendedFinanceLeaseLiability
3200000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.094
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
74000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
293000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
176000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1443000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
90000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1474000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
90000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1414000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
90000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
815000
CY2023Q3 aesi Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
22000
CY2023Q3 aesi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
11000
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
542000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5450000
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
52000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
465000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
490000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4985000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1227000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1082000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3758000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4287000
CY2023Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
208000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3213000
CY2023Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
282000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
16942000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
180000000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
148995000
CY2023Q3 aesi Accumulated Amortization Debt Discount
AccumulatedAmortizationDebtDiscount
189000
CY2022Q4 aesi Accumulated Amortization Debt Discount
AccumulatedAmortizationDebtDiscount
546000
us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium
-7060000
CY2022 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium
-1254000
CY2023Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
11000
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
248000
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
429000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
567000
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
20586000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
172511000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
126588000
CY2018Q4 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2023-12-14
CY2023Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
15300000
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
8500000
CY2023Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
11900000
aesi Expected Use Of Ipo Proceeds
ExpectedUseOfIpoProceeds
291200000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4100000
CY2023Q2 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
2300000
CY2023Q2 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
1800000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
15000000
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
20000000
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
12600000
CY2023Q3 us-gaap Investment Company Dividend Distribution
InvestmentCompanyDividendDistribution
7200000
CY2023Q3 us-gaap Investment Company Tax Return Of Capital Distribution
InvestmentCompanyTaxReturnOfCapitalDistribution
5400000
CY2023Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
771345000
us-gaap Distribution Made To Limited Liability Company Llc Member Distributions Declared Per Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsDeclaredPerUnit
0.35
us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
14998000
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
7158000
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-13640000
aesi Adjustment Of Redeemable Noncontrolling Interest To Redemption Amount
AdjustmentOfRedeemableNoncontrollingInterestToRedemptionAmount
185412000
CY2023Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
987151000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
56327000
us-gaap Profit Loss
ProfitLoss
190443000
CY2023Q3 aesi Net Income Loss Prior To Ipo
NetIncomeLossPriorToIpo
0
aesi Net Income Loss Prior To Ipo
NetIncomeLossPriorToIpo
54561000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26887000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
66190000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
29440000
us-gaap Net Income Loss
NetIncomeLoss
69692000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57237000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57189000
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
110000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
77000
CY2023Q3 aesi Weighted Average Number Of Diluted Potential Performance Share Units
WeightedAverageNumberOfDilutedPotentialPerformanceShareUnits
581000
aesi Weighted Average Number Of Diluted Potential Performance Share Units
WeightedAverageNumberOfDilutedPotentialPerformanceShareUnits
480000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57928000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57746000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
aesi Texas Franchise Tax Rate
TexasFranchiseTaxRate
0.0075
aesi Effective Income Tax Rate Reconciliation State And Federal Percent
EffectiveIncomeTaxRateReconciliationStateAndFederalPercent
0.097
CY2023Q3 aesi Effective Income Tax Rate Reconciliation State And Federal Percent
EffectiveIncomeTaxRateReconciliationStateAndFederalPercent
0.097
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7600000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20400000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1400000

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