Atlas Energy Solutions Inc. cash flow statement

In fiscal 2025, Atlas Energy Solutions Inc.'s operations generated $117m of cash; it spent $148m on capital projects, leaving free cash flow of −$30.9m. It returned $200,000 through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Atlas Energy Solutions Inc.: cash flow statement, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	21	206	299	256	117	55
Depreciation and amortisation	24	27	40	99	160	174
Stock-based pay	0	1	7	22	33	36
Capital spending	19	90	365	374	148	239
Free cash flow	2	116	−66	−118	−31	−184
Free cash flow after stock pay	2	116	−74	−140	−64	−220
Share buybacks	—	—	0	0	0	—
Shares issued	—	—	0	0	253	0

US$ millions unless shown otherwise. Fiscal quarters.

Atlas Energy Solutions Inc.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	85	71	−7	89	32	4	19	−1
Depreciation and amortisation	26	30	37	41	41	42	45	46
Stock-based pay	6	6	7	8	9	9	8	9
Capital spending	86	76	52	40	34	22	29	154
Free cash flow	−1	−6	−60	48	−1	−18	−10	−154
Free cash flow after stock pay	−7	−12	−66	40	−11	−27	−19	−163
Shares issued	0	0	253	0	0	0	0	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Atlas Energy Solutions Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Atlas Energy Solutions Inc.