Atlas Energy Solutions Inc.

Liquidity, Capital Expenditures and Other As of June 30, 2025, the Company’s total liquidity was $203.6 million, which was comprised of $78.8 million in cash and cash equivalents, and $124.8 million of availability under the Company’s 2023 ABL Credit Facility.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Quarterly Cash Dividend On August 3, 2025, the Board of Directors of Atlas declared a dividend to common stockholders of $0.25 per share, or approximately $30.9 million in aggregate to shareholders.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

The dividend will be payable on August 21, 2025 to shareholders of record at the close of business on August 14, 2025.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Our computation of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Free Cash Flow Conversion and Maintenance Capital Expenditures may differ from computations of similarly titled measures of other companies.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Non-GAAP Measure Definitions: • We define Adjusted EBITDA as net income before depreciation, depletion and accretion, amortization expense of acquired intangible assets, interest expense, income tax expense, stock and unit-based compensation, loss on extinguishment of debt, loss on disposal of assets, insurance recovery (gain), unrealized commodity derivative gain (loss), other acquisition related costs, and other non-recurring costs.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

• We define Adjusted Free Cash Flow as Adjusted EBITDA less Maintenance Capital Expenditures.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

With a focus on leveraging technology, automation, and remote operations to enhance efficiencies, Atlas is centered on a core mission of improving human access to the hydrocarbons that power our lives and, by doing so, maximizing value creation for our shareholders.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 Quoted prices in active markets for identical assets or liabilities.

SEC original ↗Atlas Energy Solutions Inc. — 10-Q Quarterly report10-QAug 5, 2026

Guidance is based on current outlook and plans and is subject to a number of known and unknown uncertainties and risks and constitutes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 as further described under the Cautionary Statement below.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Although forward-looking statements reflect our good faith beliefs at the time they are made, we caution you that these forward-looking statements are subject to a number of risks and uncertainties, most of which are difficult to predict and many of which are beyond our control.

SEC original ↗Atlas Energy Solutions Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Legal Proceedings 63 Item 1A.

SEC original ↗Atlas Energy Solutions Inc. — 10-Q Quarterly report10-QAug 5, 2026

The Company evaluates the uncertainty in tax positions taken or expected to be taken in the course of preparing the Financial Statements to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority.

SEC original ↗Atlas Energy Solutions Inc. — 10-Q Quarterly report10-QAug 5, 2026