12:33 PM EDT, 05/06/2024 (MT Newswires) -- Atlas Energy Solutions ( AESI ) was trading more than 7% higher at midday, overcoming an earlier slide after Q1 financial results came up shy of analyst estimates.

Atlas reported Q1 net income of $0.26 per share, up from $0.03 a year earlier but lagging the Capital IQ consensus of $0.38. Net sales rose nearly 26% to $192.7 million but also missed the analyst mean of $203.4 million.

Atlas also said Monday that its board had approved a dividend increase to $0.22 per share from $0.21 the previous quarter, payable May 23 to shareholders of record on May 16, and that Blake McCarthy had been named as the company's new chief financial officer, effective May 13.

Price: 23.57, Change: +1.60, Percent Change: +7.28