Atlas Energy Solutions Q3 Guidance, Sees Revenue Of $300M-$310M ($321.91M Est.) And Adj. EBITDA Of $70M-$75M; Commissions Groundbreaking Dune Express Conveyor System
Portfolio Pulse from Benzinga Newsdesk
Atlas Energy Solutions has revised its Q3 2024 guidance, expecting revenue between $300M-$310M and adjusted EBITDA of $70M-$75M, below previous estimates. The company will also book a $9M asset write-down.
October 10, 2024 | 10:13 am
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Atlas Energy Solutions has lowered its Q3 2024 revenue and EBITDA guidance, citing higher plant operating expenses. The company also plans a $9M asset write-down.
The revised guidance indicates lower-than-expected financial performance due to increased operating expenses and an asset write-down. This is likely to negatively impact investor sentiment and the stock price in the short term.
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