Atlas Energy Solutions Completes Corporate Reorganization, Simplifies Structure

Atlas Energy Solutions Inc. (NYSE:AESI) has successfully concluded its corporate reorganization transaction, known as the Up-C Simplification. The company will begin trading under the same ticker (NYSE:AESI) and name (Atlas Energy Solutions Inc.) but with a new single class of common stock. This move eliminates the previous dual class structure.

Bud Brigham, Chairman & CEO of Atlas, expressed his optimism about the simplified corporate structure, stating that it will enable the company to broaden its investor base. The reorganization is seen as an important step for Atlas, positioning it for future growth and efficiency.

Atlas Energy Solutions is a leading proppant and proppant logistics provider in the Permian Basin, serving customers in the active oil and natural gas producing regions of West Texas and New Mexico. The company’s strategic facilities in Kermit, TX and Monahans, TX are designed to ensure reliable supply and product quality. Additionally, Atlas aims to drive significant logistics efficiencies through its deployment of trucking assets and the Dune Express.

With a focus on generating strong cash flow and allocating capital resources efficiently, Atlas Energy Solutions aims to provide a regular and durable return of capital to its investors. The company also emphasizes its commitment to being a good steward of the environment and the communities in which it operates.

While forward-looking statements were included in the press release, cautionary language was used to highlight the inherent uncertainties and risks associated with such statements. Atlas Energy Solutions acknowledges that factors beyond its control could impact its future operations and financial performance.

In summary, the completion of the Up-C Simplification marks a significant milestone for Atlas Energy Solutions. The company’s simplified structure is expected to enhance its ability to attract investors and further establish its position as a leader in the proppant and proppant logistics industry.