08:38 AM EDT, 05/06/2024 (MT Newswires) -- Atlas Energy Solutions ( AESI ) reported Q1 net income Monday of $0.26 per share, up from $0.03 a year earlier.

Four analysts polled by Capital IQ expected $0.38.

Total sales for the quarter ended March 31 were $192.7 million, up from $153.4 million a year earlier.

Analysts surveyed by Capital IQ expected $203.4 million.

The company said its board raised the quarterly dividend to $0.22 per share, payable May 23 to shareholders of record as of May 16.

Separately, Atlas Energy said it has appointed Blake McCarthy as chief financial officer, effective May 13.

McCarthy will join the company from NOV (NOV), where he most recently served as president of NOV Grant Prideco, Atlas added.

Shares of Atlas Energy were down 4.4% in recent Monday premarket activity.

Price: 21.01, Change: -0.96, Percent Change: -4.37