Atlas Energy Solutions is the largest proppant (frac sand) producer in the Permian Basin, with roughly 35% market share, and also provides integrated logistics and a growing distributed power business. Proppant — granular material pumped downhole during hydraulic fracturing to prop open rock fractures — is the single largest raw material consumed in well completions. Atlas produces dry sand at its large-scale Kermit and Monahans fixed facilities, and wet sand via its OnCore network of mobile processing plants. Atlas sells proppant either at the mine gate or as an integrated mine-to-wellhead solution that includes transportation and last-mile delivery, with roughly 60% of active last-mile crews relying on Atlas for their full sand supply. The logistics segment is anchored by the Dune Express, a 42-mile proprietary conveyor belt from Kermit into the Northern Delaware Basin that reduces trucking distance and cost per ton delivered. Atlas also operates a fleet of trucks and is deploying semi-autonomous trucks through a partnership with Kodiak Robotics. The business is highly cyclical, driven by Permian frac crew count and operator capex, though Atlas's low fixed-cost structure positions it as the lowest-cost producer in the basin. Atlas's newer Power segment, built around the acquisition of Moser Energy Systems, operates over 1,000 natural gas-powered generators, currently on a short-term rental model but transitioning toward 5–15 year power-as-a-service contracts targeting data centers, manufacturers, and other industrial customers facing grid constraints.