Estados financieros detallados de Atlas Energy Solutions Inc. (AESI): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Atlas Energy Solutions Inc. registró ingresos de $1.10B en el último ejercicio fiscal, con un CAGR de 5 años del 57.8%.
Márgenes de los últimos 12 meses: margen bruto 4.2%, margen operativo -8.7%, margen neto -11.1%.
Al precio actual de $13.57, AESI presenta beneficios negativos (P/E no significativo) y un ROE del -10.04%. La capitalización bursátil es de $1.7B.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $111.8M | $172.4M | $482.7M | $614.0M | $1.06B | $1.10B |
| Coste de Ventas | $94.0M | $108.3M | $226.4M | $300.2M | $823.9M | $944.6M |
| Beneficio Bruto | $17.8M | $64.1M | $256.3M | $313.8M | $232.0M | $150.7M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $17.7M | $17.1M | $24.3M | $48.6M | $106.2M | $138.8M |
| Gastos Operativos | $19.0M | $17.1M | $24.3M | $48.6M | $118.1M | $167.2M |
| Beneficio Operativo | -$1.2M | $47.0M | $232.0M | $265.1M | $113.9M | -$16.5M |
| EBITDA | $20.3M | $71.9M | $263.2M | $307.2M | $228.9M | $178.8M |
| Gastos por Intereses | $32.8M | $42.2M | $15.8M | $7.7M | $38.6M | $58.0M |
| Beneficio Antes de Impuestos | -$34.1M | $5.1M | $218.9M | $257.9M | $75.8M | -$68.2M |
| Impuestos | $372000 | $831000 | $1.9M | $31.4M | $15.8M | -$17.9M |
| Beneficio Neto | -$34.4M | $4.3M | $217.0M | $160.0M | $59.9M | -$50.3M |
| BPA | $-0.08 | $0.04 | $2.17 | $1.05 | $0.55 | $-0.41 |
| BPA Diluido | $-0.08 | $0.04 | $2.17 | $1.05 | $0.55 | $-0.41 |
| Acciones en Circulación (Diluidas) | $443.9M | $100.0M | $100.0M | $100.0M | $109.2M | $122.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $259.6M | $249.4M | $265.6M | $293.2M |
| Beneficio Bruto | $16.5M | $12.3M | -$1.7M | $17.4M |
| Beneficio Operativo | -$17.9M | -$19.9M | -$35.7M | -$20.0M |
| EBITDA | $29.4M | $35.0M | $21.3M | $25.2M |
| Beneficio Neto | -$23.7M | -$22.2M | -$47.3M | -$25.1M |
| BPA | $-0.19 | $-0.18 | $-0.38 | $-0.20 |
| BPA Diluido | $-0.19 | $-0.18 | $-0.38 | $-0.20 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $36.1M | $40.4M | $82.0M | $210.2M | $71.7M | $40.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $11.6M | $29.4M | $74.4M | $71.2M | $166.0M | $180.8M |
| Inventario | $9.4M | $10.4M | $16.4M | $21.9M | $40.5M | $61.7M |
| Activos Corrientes | $58.6M | $84.3M | $178.7M | $318.7M | $289.4M | $307.5M |
| Inmovilizado Material | $461.1M | $458.3M | $564.7M | $938.8M | $1.50B | $1.58B |
| Fondo de Comercio | 0 | 0 | 0 | 0 | $69.0M | $152.9M |
| Activos Intangibles | $100000 | $200000 | 0 | $1.8M | $105.9M | $182.2M |
| Activos Totales | $521.7M | $543.9M | $751.0M | $1.26B | $1.97B | $2.23B |
| Cuentas por Pagar | $5.5M | $12.2M | $31.6M | $60.9M | $119.0M | $69.2M |
| Deuda a Corto | $35.2M | $15.6M | $20.6M | 0 | $43.7M | $40.7M |
| Pasivos Corrientes | $46.1M | $40.6M | $88.7M | $92.6M | $243.1M | $211.1M |
| Deuda a Largo | $139.3M | $159.7M | $126.6M | $172.8M | $467.0M | $538.2M |
| Pasivos Totales | $190.0M | $205.2M | $239.6M | $393.9M | $936.1M | $1.02B |
| Reservas | -$81.5M | -$87.3M | $84.7M | -$41.3M | 0 | -$50.3M |
| Patrimonio Neto | $331.7M | $338.7M | $511.4M | $867.8M | $1.04B | $1.21B |
| Deuda Total | $174.9M | $175.6M | $147.2M | $178.0M | $530.1M | $578.9M |
| Deuda Neta | $138.8M | $135.2M | $65.2M | -$32.2M | $458.4M | $538.3M |
| Capital Circulante | $12.6M | $43.6M | $90.1M | $226.1M | $46.4M | $96.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $41.3M | $40.6M | $39.8M | $168.2M |
| Activos Totales | $2.23B | $2.23B | $2.30B | $2.56B |
| Pasivos Totales | $1.01B | $1.02B | $1.13B | $1.44B |
| Patrimonio Neto | $1.22B | $1.21B | $1.17B | $1.11B |
| Deuda Total | $583.6M | $578.9M | $692.6M | $966.7M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$34.4M | $4.3M | $217.0M | $105.4M | $59.9M | -$50.3M |
| Amortizaciones | $21.7M | $24.6M | $28.6M | $41.6M | $114.5M | $189.0M |
| Compensación en Acciones | $2.5M | $129000 | $678000 | $7.4M | $22.4M | $33.2M |
| Cambio en Capital Circulante | $369000 | -$8.6M | -$41.8M | -$6.9M | $22.5M | -$46.8M |
| Flujo de Caja Operativo | $12.5M | $21.4M | $206.0M | $299.0M | $256.5M | $117.3M |
| Inversiones (CapEx) | -$9.5M | -$19.4M | -$89.6M | -$365.5M | -$374.0M | -$148.3M |
| Adquisiciones | 0 | 0 | 0 | 0 | -$153.4M | -$204.2M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$2.1M | -$200000 |
| Dividendos Pagados | -$3000 | -$10.0M | -$45.0M | -$77.2M | -$96.9M | -$92.3M |
| Flujo de Caja Libre | $3.0M | $2.0M | $116.4M | -$66.5M | -$117.5M | -$30.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $32.4M | $3.7M | $19.0M | -$553000 |
| Inversiones (CapEx) | -$33.8M | -$21.8M | -$29.3M | -$153.8M |
| Flujo de Caja Libre | -$1.4M | -$18.1M | -$10.3M | -$154.4M |
| Dividendos Pagados | -$30.9M | 0 | 0 | 0 |
| Compensación en Acciones | $9.3M | $9.1M | $8.4M | $8.7M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +54.2% | +180.0% | +27.2% | +72.0% | +3.7% |
| Crecimiento Beneficio Neto (anual) | | +112.4% | +4996.4% | -26.3% | -62.5% | -183.9% |
| Crecimiento BPA (anual) | | +154.9% | +4993.9% | -51.6% | -47.6% | -174.5% |
| Cambio en Acciones (anual) | | -77.5% | +0.0% | +0.0% | +9.1% | +12.1% |
| Crecimiento FCF (anual) | | -32.8% | +5765.0% | -157.1% | -76.8% | +73.7% |
| Margen Bruto | 15.9% | 37.2% | 53.1% | 51.1% | 22.0% | 13.8% |
| Margen Operativo | -1.1% | 27.3% | 48.1% | 43.2% | 10.8% | -1.5% |
| Margen EBITDA | 18.2% | 41.7% | 54.5% | 50.0% | 21.7% | 16.3% |
| Margen Neto | -30.8% | 2.5% | 45.0% | 26.1% | 5.7% | -4.6% |
| Margen FCF | 2.6% | 1.2% | 24.1% | -10.8% | -11.1% | -2.8% |
| Tasa Impositiva Efectiva | -1.1% | 16.3% | 0.8% | 12.2% | 20.9% | 26.2% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.01 | $0.02 | $1.16 | $-0.66 | $-1.08 | $-0.25 |
| Dividendo por Acción | $0.00 | $0.10 | $0.45 | $0.77 | $0.89 | $0.75 |
| Acciones en Circulación (Básicas) | $443.9M | $100.0M | $100.0M | $100.0M | $108.2M | $122.4M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | -10.04% |
| Rentabilidad sobre capital invertido | -2.99% |
| Rentabilidad sobre activos | -4.63% |
| Margen bruto | 4.16% |
| Margen operativo | -8.75% |
| Margen neto | -11.08% |
Salud financiera
| Deuda / Patrimonio | 0.87 |
| Ratio corriente | 1.82 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -218.43 | 397.89 | 7.81 | 16.40 | 40.33 | -22.98 |
| P/VC | 22.68 | 5.00 | 3.31 | 1.98 | 2.32 | 0.95 |
| P/V | 67.31 | 9.83 | 3.51 | 2.81 | 2.27 | 1.05 |
| Margen Bruto | 15.9% | 37.2% | 53.1% | 51.1% | 22.0% | 13.8% |
| Margen Operativo | -1.1% | 27.3% | 48.1% | 43.2% | 10.8% | -1.5% |
| Margen Neto | -30.8% | 2.5% | 45.0% | 26.1% | 5.7% | -4.6% |