Atlas To Include Hi-Crush's Financial Results In Its Financial Results From March 1, 2024 Onwards
Portfolio Pulse from Benzinga Newsdesk
Atlas will include Hi-Crush's financial results in its reports starting March 1, 2024, expecting sand prices to average $26-$28 per ton. With Hi-Crush's contribution, Atlas forecasts 2024 Adjusted EBITDA between $425-$475 million and capex of $335-$360 million.
February 27, 2024 | 11:21 am
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Atlas, identified as AESI, will incorporate Hi-Crush's financial results from March 1, 2024, expecting an increase in sand prices and forecasting a significant Adjusted EBITDA and capex for 2024.
Incorporating Hi-Crush's financial results is likely to positively impact AESI's financial outlook, given the expected increase in sand prices and the substantial forecasted Adjusted EBITDA and capex for 2024. This strategic move indicates growth and potential profitability, which could positively influence investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100