05:45 PM EDT, 08/05/2024 (MT Newswires) -- Atlas Energy Solutions ( AESI ) reported Q2 net income late Monday of $0.13 per diluted share, down from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.30.

Sales for the quarter ended June 30 rose to $287.5 million from $161.8 million a year earlier.

Analysts surveyed by Capital IQ expected $271.5 million.

The company said it has decided to move away from the base plus variable dividend structure to a standalone base dividend. It declared a dividend of $0.23 per share, payable Aug. 22 to shareholders of record at the close of business Aug. 15.

Separately, Atlas Energy said it appointed Chief Supply Chain Officer Chris Scholla as chief operating officer, effective immediately.

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