Atlas Energy Solutions Inc. reported their financial and operational results for Q3 2023. Despite a decline in the Permian rig count, demand for Atlas proppants remains strong. The company achieved positive results in sales, sales volumes, net income, and adjusted EBITDA. They continue to focus on reducing operating costs and expect further reductions next year. Atlas's capital projects, including the Dune Express conveyor system and the new Kermit facility addition, are progressing as planned. The company's new facility at the Kermit location is expected to be in service by the end of Q4 2023, increasing production by 50%.
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Atlas Energy Solutions Inc. (NYSE:AESI) Q3 2023 Earnings Call Transcript
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Here is the link to the transcript: Atlas Energy Solutions Inc. (NYSE:AESI) Q3 2023 Earnings Call Transcript.
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