Atlas Energy Solutions Inc (AESI) Shares Surge 3.1% -- What GF S
Atlas Energy Solutions Inc (AESI) shares rose 3.1% to $12.01, but the company is considered undervalued by GF Value™ at $19.82, potentially being a "Possible Value Trap" due to unprofitability. Despite a high GF Score™ of 85/100, driven by strong growth (10/10), its financial strength is weak (4/10) and its P/E ratio of 625.9x is significantly above historical averages. Insider selling of $3.3M with no buying activity contrasts with some guru buying, suggesting mixed sentiment and warranting caution for investors.
Atlas Energy Solutions (NYSE:AESI) Stock Price Down 5.1% - Here's What Happened
Atlas Energy Solutions (NYSE:AESI) saw its stock price drop by 5.1% on Tuesday, closing at $11.67 with trading volume 45% below its average. The company reported a Q2 EPS loss of $0.20, missing analyst expectations of a $0.15 loss, although revenue of $293.18 million exceeded estimates and grew 1.6% year-over-year. Analyst sentiment for AESI remains mixed, with an average "Hold" rating and a consensus price target of $17.22, while institutional investors have recently increased their holdings.
Atlas Energy Solutions Initiated at Sector Outperform by Scotiabank
Scotiabank has initiated coverage on Atlas Energy Solutions (NYSE: AESI) with a Sector Outperform rating. This indicates a positive outlook from Scotiabank on the company's stock performance.
Scotiabank Initiates Coverage on Atlas Energy Solutions (NYSE:AESI)
Scotiabank has initiated coverage on Atlas Energy Solutions (NYSE:AESI) with a "sector outperform" rating and a $14 price target, suggesting a 14.59% upside. While analyst sentiment is mixed, with an average "Hold" rating and a $17.22 consensus target, the company recently reported a quarterly loss of $0.20 per share, missing estimates, though revenue increased by 1.6% year-over-year. Shares of AESI traded down $0.08 to $12.22, with a market capitalization of $1.53 billion.
Is Atlas Energy (NYSE:AESI) Lifting NYSE Composite Sentiment Right Now?
Atlas Energy Solutions (NYSE:AESI), a Permian Basin frac sand supplier, has received new "sector outperform" research coverage, sparking interest despite its stock trading below its yearly peak. The company reported resilient quarterly revenue but wider losses, with profitability remaining a key challenge. While its balance sheet is healthy, and institutional interest is growing, the outlook is mixed due to ongoing losses and the cyclical nature of the energy sector.
Atlas Energy Solutions (AESI) Expands AI Power Commitments, Is It Still 33% Below Fair Value?
Atlas Energy Solutions (AESI) has expanded its AI power commitments by securing new deals to supply 283 MW of Caterpillar natural gas generation equipment for a leading frontier AI lab, diversifying its growth engine beyond traditional oil and gas. Despite a recent 24.9% share price drop over 90 days, the company shows a 28.3% year-to-date return, and Simply Wall St assesses AESI as 33% undervalued with a fair value estimate of $18.50, driven by its new power business. However, ongoing net losses and high capital spending on projects like Dune Express and new power initiatives present potential risks.
Scotiabank Initiates Atlas Energy Solutions at Sector Outperform
Scotiabank has initiated coverage on Atlas Energy Solutions (AESI) with a "Sector Outperform" rating. The company currently holds an average rating of "overweight" with a mean price target of $17.46. Access to the full MT Newswires article requires a premium subscription.
Atlas Energy Solutions (NYSE:AESI) Raised to "Equal Weight" at Barclays
Barclays has upgraded Atlas Energy Solutions (NYSE:AESI) from an "underweight" to an "equal weight" rating, setting a $14 price target, which implies a 12.3% upside. Despite this upgrade, analyst sentiment for AESI remains mixed, with a consensus "Hold" rating and an average target price of $17.62 from various firms. The company recently missed quarterly EPS estimates but exceeded revenue expectations, reporting $293.18 million.
Barclays Upgrades Atlas Energy Solutions to Equal Weight From Underweight, $14 Price Target
Barclays has upgraded Atlas Energy Solutions (AESI) to Equal Weight from Underweight and set a price target of $14.00. This upgrade indicates a more neutral outlook on the company's stock performance. Atlas Energy Solutions is a provider of oilfield logistics, distributed power systems, and proppant supply in the Permian Basin.
Why Is Atlas Energy Solutions (NYSE:AESI) Suddenly a Must-Watch Energy Stocks Name?
Atlas Energy Solutions (NYSE:AESI) has become a focus in the energy sector due to its recent announcement of equipment purchase agreements with an AI-lab customer, backed by cost-reimbursement arrangements. This development serves as a specific catalyst that investors are closely monitoring. The article emphasizes that while this announcement creates new information for the market, investors should focus on verifiable disclosures and execution milestones to assess the long-term impact on the company.
AESI Jumps As Atlas Energy Solutions Lands Major AI Power Deals
Atlas Energy Solutions Inc. (AESI) saw its stock jump over 15% after securing major AI power deals totaling over 600 MW, including equipment purchases with Caterpillar and a significant balance-of-plant deal with Wyoming Machinery Company. These agreements signal a strategic shift for AESI from a frac-sand pure-play to an energy infrastructure provider focused on AI data center demand, despite mixed fundamentals and a recent price target cut by Citi. Analysts view the risk/reward as favorable, recommending accumulation between $11.50–$12.50, with a medium-term fair value of $16–$18.
Atlas Energy Solutions (AESI) Expands Into AI Power, Is 33% Undervalued?
Atlas Energy Solutions (AESI) has announced its ProjectCo unit will purchase 283 MW of natural gas generation equipment from Caterpillar for AI-focused data centers, supported by cost reimbursement deals. Despite a recent 13.47% stock jump, AESI is still down significantly over the last 90 days and three years. The article discusses whether this move into AI power will offset its recent volatility and if the company is indeed 33% undervalued, as some analysts suggest, trading at $12.47 against a fair value of $18.50.
AESI Jumps As Atlas Energy Signs Major AI Power Deals
Atlas Energy Solutions Inc. (AESI) stock surged by 15.38% after its subsidiaries secured major AI power deals, including cost reimbursement and equipment purchase agreements for over 600 MW of power for data-center projects. This strategic shift positions AESI as an integrated energy and power solutions provider, moving it away from traditional oilfield services tied to commodity cycles. Despite previous analyst rating cuts, the company's financial overview shows strong revenue growth and moderate valuation, with these new contracts expected to drive future growth.
Atlas Energy Solutions jumps 13% on AI power deals (AESI:NYSE)
Atlas Energy Solutions (AESI) saw its shares jump over 13% after announcing two equipment and services agreements related to data-center power projects, totaling $613.5 million. These deals directly link Atlas's power business to the demand for AI computing infrastructure, which analysts expect to drive significant future growth and improve earnings. The contracts are seen as a strategic expansion despite previous stock declines due to other market factors.
Atlas Energy Solutions Stock Surges on Power Deal With ‘Leading Frontier AI Lab’
Atlas Energy Solutions (AESI) saw its stock surge significantly after announcing a power deal with an unnamed "Leading Frontier AI Lab." The artificial intelligence firm is providing financial backing for part of Atlas Energy Solutions' data-center power buildout. This news led to one of the stock's highest single-day gains in nearly a year.
Why Is Atlas Energy Stock Gaining Friday?
Atlas Energy Solutions Inc. (NYSE: AESI) stock jumped Friday after the company announced equipment-purchase and cost-reimbursement agreements tied to AI data center projects, expanding its business into private power infrastructure. These deals, including agreements for additional Caterpillar generation equipment, are designed to reduce supply-chain and project timing risks for future power purchase agreements. Despite the rally, AESI's technical setup remains mixed, with the stock above its 50-day SMA but below its 100-day and 200-day SMAs, and analysts maintaining a cautious outlook.
Atlas Energy Solutions Inc. (NYSE: AESI) Gains on AI Lab Purchase Agreement
Atlas Energy Solutions Inc. (NYSE: AESI) saw an 18.20% stock jump after its subsidiaries signed cost reimbursement agreements with a leading AI lab. These agreements secure power generation equipment for data center projects and include a separate purchase for 328 megawatts of generating capacity, aligning with existing agreements with Caterpillar. The move positions Atlas as a key energy solutions provider for critical infrastructure, particularly in the growing demand for AI power.
Akamai, Atlas Energy Solutions, People And Other Big Stocks Moving Higher On Friday
U.S. stocks saw gains on Friday, with the Dow Jones index rising over 150 points. Several companies experienced significant surges, including Akamai Technologies due to an expanded partnership with Anthropic and new agreements with Lenovo and Jabil. Other notable movers were Atlas Energy Solutions, Einride AB, Almonty Industries, Quantum Corp, People Incorporated, and Maxlinear Inc.
An AI lab will reimburse Atlas for Caterpillar equipment tied to 283 megawatts of power.
Atlas Energy Solutions Inc. announced that its subsidiaries have signed cost reimbursement agreements with a leading frontier AI lab for securing long-lead-time supporting equipment and incremental power generation equipment from Caterpillar. This includes commitments for an additional 283 megawatts, supplementing existing obligations, and aims to de-risk the supply chain and project timelines for data center power infrastructure. The agreements facilitate near-term financing and signify the AI lab's commitment to these projects.
Form 8K Atlas Energy Solutions Inc For: 24 September By Investing.com
This article reports on the filing of a Form 8K by Atlas Energy Solutions Inc. for September 24. It appears to be a brief notice from Investing.com, typical of regulatory filing announcements. The article itself contains minimal textual content beyond the headline and basic information about the filing.
Atlas Energy Solutions Commits $613.5 Million to Power Equipment With Wyoming Machinery
Atlas Energy Solutions is investing $613.5 million in power equipment from Wyoming Machinery to support a dedicated power generation project for an AI lab. This includes $340.5 million for balance-of-plant equipment and $273.0 million for 328 MW of generation equipment, with shipments scheduled from April 2027 to February 2028. The agreements include specific terms such as installment payments, a completion holdback, and a termination option for the balance-of-plant deal, and are expected to fulfill part of Atlas's obligations under its Global Framework Agreement with Caterpillar for the generator purchase.
A Look Back at Oilfield Services Stocks’ Q2 Earnings: Atlas Energy Solutions (NYSE:AESI) Vs The Rest Of The Pack
This article reviews the Q2 earnings for oilfield services stocks, highlighting Atlas Energy Solutions (NYSE:AESI) and its peers. The sector reported a strong Q2 with revenues beating estimates by 4.6%, leading to a 4.3% average increase in share prices. While Atlas Energy Solutions had a mixed quarter with a revenue beat but EPS miss, Select Water Solutions showed strong performance, whereas ProPetro delivered disappointing results.
Atlas Energy Solutions rated STRONG BUY on proppant price recovery and power expansion potential
Atlas Energy Solutions (AESI) has received a "strong buy" rating due to anticipated recovery in proppant sand prices and its strategic expansion into power solutions. The company's competitive advantages include low-cost sand production, advanced logistics, and autonomous trucking. Significant growth in EBITDA is projected if sand prices revert to historical averages, complemented by future earnings from its power division aiming for 2GW capacity by 2030, which is expected to enhance its long-term valuation.
Atlas Energy Solutions (NYSE:AESI) Trading Down 4.3% - Should You Sell?
Atlas Energy Solutions (NYSE:AESI) saw its stock price decline by 4.3% to $12.9650 on Monday, with trading volume significantly below its daily average. The company missed its quarterly EPS estimates but exceeded revenue expectations, which rose 1.6% year-over-year. Analyst sentiment is mixed, with a consensus "Hold" rating and an average price target of $17.12, reflecting a range of upgrades, downgrades, and price target adjustments from various firms.
Atlas Energy Solutions (AESI) Faces Funding Questions As Conveyor Bet Tests Its Undervalued Case
Atlas Energy Solutions (AESI) is facing investor scrutiny due to its long-haul proppant conveyor project, declining EBITDA margins, and ongoing negative free cash flow, raising concerns about future funding. Despite a 39.61% year-to-date share price increase, recent performance shows a 16.23% decline over 90 days and a 36.14% drop over three years, indicating fading momentum. The company is currently valued at $13.57 against a fair value estimate of $18.50, implying it is undervalued, but this hinges on its capital-intensive projects becoming stable cash generators.
Squarepoint Ops LLC Sells 229,372 Shares of Atlas Energy Solutions Inc. $AESI
Squarepoint Ops LLC significantly reduced its holdings in Atlas Energy Solutions Inc. by selling 75.1% of its stake, totaling 229,372 shares. Despite this sell-off, other institutional investors have recently increased their positions in the company. Atlas Energy Solutions, which provides proppant and logistics services to oil and natural gas producers, reported a quarterly loss but exceeded revenue expectations.
Permian Basin companies brace for impact as diesel tops $6
Diesel prices have exceeded $6 a gallon, significantly impacting the Permian Basin's energy industry. This increase in fuel costs, combined with a persistent driver shortage, is creating operational and financial challenges for companies ranging from drilling operations to transportation and logistics. Businesses are exploring fuel-efficient equipment and technologies to mitigate these rising expenses, with larger companies hedging costs while smaller ones face direct hits to their margins.
Riley Exploration Permian, Atlas Energy Solutions, Texas Pacific Land, APA Corporation, and Murphy Oil Shares Skyrocket, What You Need To Know
Energy stocks including Riley Exploration Permian, Atlas Energy Solutions, Texas Pacific Land, APA Corporation, and Murphy Oil saw significant gains in Tuesday morning trading. This surge was attributed to global crude benchmarks surpassing $103 per barrel amid increasing Middle East supply anxieties and disruptions. Higher oil prices are expected to support energy producers' margins and cash flows, leading investors to rotate into companies poised to benefit from tighter global oil supply.
Atlas Energy Solutions (NYSE:AESI) Shares Down 8.6% - Time to Sell?
Atlas Energy Solutions (NYSE:AESI) saw its shares drop 8.6% on Monday, trading at $12.94 with significantly lower volume. The company missed quarterly EPS expectations but beat revenue estimates, leading to mixed analyst ratings and an average price target of $17.12. Despite institutional investment, concerns remain over negative margins and projected full-year losses.
Atlas Energy Solutions (AESI) Stock Price, News & Analysis
Atlas Energy Solutions Inc. (AESI) provides proppant and logistics services to oil and natural gas producers in the Permian Basin. The company has a "Hold" consensus rating from analysts, with an average price target of $17.13, indicating a 20.7% upside potential. AESI's stock has increased by 50.7% this year, trading at $14.18, and its earnings are expected to grow from ($0.94) to ($0.20) per share in the coming year.
Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of "Hold" from Brokerages
Atlas Energy Solutions Inc. (NYSE:AESI) has received a consensus "Hold" recommendation from ten brokerages, with an average 12-month price target of $17.13. Recent analyst actions have been mixed, showing caution, despite the company reporting better-than-expected revenue of $293.18 million but missing EPS estimates with a loss of $0.20 per share. Institutional investors hold approximately 34.6% of the company's stock, with some increasing their stakes in the second quarter.
Wellington Management Group LLP Lowers Holdings in Atlas Energy Solutions Inc. $AESI
Wellington Management Group LLP reduced its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 30.4% in the second quarter, now holding 1.03 million shares valued at $17.1 million. Despite mixed analyst sentiment, with some price target reductions and one upgrade, institutional investors collectively own 34.59% of AESI. The company reported a revenue beat but an earnings per share miss in its latest quarter, and currently holds a consensus "Hold" rating with an average target price of $17.12.
Bank of New York Mellon Corp Invests $7.76 Million in Atlas Energy Solutions Inc. $AESI
Bank of New York Mellon Corp recently acquired a new stake of 467,494 shares in Atlas Energy Solutions Inc. (NYSE:AESI) valued at approximately $7.76 million, representing about 0.37% of the company. Despite Atlas Energy Solutions missing its quarterly EPS estimates, its revenue exceeded expectations, and institutional investors collectively own 34.59% of the company. Analyst sentiment remains mixed, with a "Hold" consensus rating and an average price target of $17.12 compared to its current price of $13.11.
Atlas Energy Solutions (NYSE:AESI) Price Target Lowered to $17.00 at Citigroup
Citigroup has lowered its price target for Atlas Energy Solutions (NYSE:AESI) to $17.00 from $21.00, while maintaining a "buy" rating, implying a potential upside of 29.54%. This adjustment comes amidst mixed analyst sentiment, with the company currently holding a consensus "Hold" rating and an average price target of $17.12 from several firms. Atlas Energy Solutions recently reported a quarterly loss of $0.20 per share, missing analyst estimates, despite a 1.6% year-over-year revenue increase to $293.18 million.
Calumet, Atlas Energy Solutions, Kosmos Energy, TETRA Technologies, and ProPetro Stocks Trade Down, What You Need To Know
Several energy stocks including Calumet, Atlas Energy Solutions, Kosmos Energy, TETRA Technologies, and ProPetro experienced declines following a pullback in crude oil prices. This dip occurred as traders took profits after two weeks of gains and awaited details on new U.S. sanctions against Iran, causing West Texas Intermediate and Brent crude to fall. Despite the short-term dip, the article highlights the potential for sustained upstream spending due to critically tight oil inventories and geopolitical tensions affecting global supply.
Atlas Energy Solutions Inc (AESI) Stock Down 3.2% -- Now Undervalued?
Atlas Energy Solutions Inc (AESI) saw its stock price drop by 3.2% to $12.58. Despite this, GuruFocus's GF Value™ suggests the stock is 20.5% undervalued, with a strong GF Score™ of 88/100, though financial strength and profitability are lower. Insider selling of $3.3 million without any buying activity raises a red flag, suggesting caution for investors who should focus on sales and revenue growth rather than earnings due to the company's unprofitability.
Atlas Energy Solutions (NYSE:AESI) Stock Price Down 4.6% - Here's What Happened
Atlas Energy Solutions (NYSE:AESI) stock fell 4.6% to $12.39 on Friday with significantly lower trading volume. Analyst sentiment is mixed, with a consensus "Hold" rating and an average price target of $18.12, although some analysts recently cut their targets while one upgraded the stock. The company's last quarterly earnings showed revenue beating estimates but a wider-than-expected loss per share and negative margins.
BofA Securities Maintains Atlas Energy Solutions(AESI.US) With Hold Rating, Maintains Target Price $15
BofA Securities has reiterated its Hold rating on Atlas Energy Solutions (AESI.US) and maintained a price target of $15. This indicates a neutral outlook on the company's stock performance based on the analyst's current assessment.
AESI: Power Buildout And Data Center Demand Will Drive Future Upside Potential
Atlas Energy Solutions' fair value estimate has been lowered to $18.50, reflecting reduced margin expectations and higher discount rates, despite projections of higher revenue growth. Analysts are divided, with some bullish on the company's power solutions and data center opportunities, particularly a 1.4-gigawatt agreement with Caterpillar and potential data center contracts, while bearish views cite increased capital expenditure, near-term utilization risks, and sector-wide uncertainty. The company recently reported a wider Q2 net loss but is pursuing long-term power purchase agreements and expanding autonomous truck operations.
Long term debt to total assets ratio of Atlas Energy Solutions Inc. – FWB:72A
This article focuses on the long-term debt to total assets ratio for Atlas Energy Solutions Inc., traded on the Frankfurt Stock Exchange under the ticker FWB:72A. It presents a financial metric within the context of the company's trading information on TradingView. The content is very brief and appears to be a data point rather than a detailed analysis.
Long term debt to total equity ratio of Atlas Energy Solutions Inc. – FWB:72A
This article focuses on the long-term debt to total equity ratio of Atlas Energy Solutions Inc., traded on the Frankfurt Stock Exchange under the symbol FWB:72A. It provides a financial overview of the company's performance in this specific metric. The content highlights the availability of this data through TradingView and mentions the sources for market and reference data.
Atlas Energy Solutions Inc. (NYSE:AESI) Receives Consensus Recommendation of "Hold" from Analysts
Atlas Energy Solutions Inc. (NYSE:AESI) has received a consensus "Hold" rating from ten analysts, with an average 12-month price target of $18.13. Recent analyst adjustments have seen several price targets lowered, including Citigroup to $21, Stifel to $25, Barclays to $10, and RBC to $17, indicating a mixed outlook despite some "buy" recommendations. Institutional ownership is 34.59%, with notable investors increasing or initiating positions, as shares recently traded up 5.7% at $12.46, below their 50- and 200-day moving averages.
Atlas Energy Solutions (AESI) Signs 120 Megawatt Power Deal As Investors Ask If Shares Are Fully Valued
Atlas Energy Solutions (AESI) has signed a significant 120 megawatt power purchase agreement and is implementing pricing discipline in its operations, leading to short-term share price momentum despite a negative long-term performance. While a narrative fair value suggests the stock is 37.5% undervalued at $19.92, a Discounted Cash Flow model indicates it is overvalued. Investors are left to weigh these conflicting valuations and potential risks like weak Permian completion activity or underutilized capacity.
Atlas Energy Solutions (AESI) Signs 120 Megawatt Power Deal As Investors Ask If Shares Are Fully Valued
Atlas Energy Solutions (AESI) has signed a significant 120-megawatt power purchase agreement and is focusing on pricing discipline in its sand and logistics operations. While the company's "narrative fair value" suggests it is 37.5% undervalued at $19.92, a Discounted Cash Flow model indicates the stock might be overvalued, trading above an estimated future cash flow value of about US$0.10. This discrepancy highlights the importance of underlying assumptions regarding long-term growth and margins for investors evaluating AESI.
Encompass Capital reports 5.24% Atlas Energy stake in joint SEC filing (AESI)
Encompass Capital Advisors LLC, Todd J. Kantor, and Encompass Capital Partners LLC have disclosed beneficial ownership in Atlas Energy Solutions Inc. through a joint SEC filing. Encompass Capital Advisors LLC and Todd J. Kantor each report owning 6,540,322 shares, representing 5.24% of the common stock, while Encompass Capital Partners LLC reports 5,197,896 shares, or 4.16%. All parties indicate shared voting and dispositive power over their reported shares, with no sole voting or dispositive power.
Is Atlas Energy Solutions’ (AESI) Autonomous Truck Bet Redefining Its Competitive Moat in Frac Logistics?
Atlas Energy Solutions (AESI) is expanding its autonomous truck operations in the Permian Basin, aiming to increase its driverless fleet from 28 to 100 trucks by mid-2027 to improve logistics efficiency and lower operational costs. This strategic move is part of the company's vertically integrated sand and logistics model, which seeks to convert automation into better margins despite recent financial losses. While automation could enhance profitability, there's a risk of underutilization if Permian activity remains lower than expected.
1,834,289 Shares in Atlas Energy Solutions Inc. $AESI Purchased by Wasatch Advisors LP
Wasatch Advisors LP recently acquired 1,834,289 shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the second quarter, valuing their new position at approximately $30.5 million and giving them a 1.47% stake in the company. Other institutional investors have also adjusted their holdings in AESI, which currently has 34.59% institutional ownership. Despite mixed analyst ratings, the stock holds a consensus "Hold" rating with an average price target of $18.12.
Assenagon Asset Management S.A. Acquires Shares of 210,815 Atlas Energy Solutions Inc. $AESI
Assenagon Asset Management S.A. has acquired a new position in Atlas Energy Solutions Inc. (NYSE:AESI), purchasing 210,815 shares valued at approximately $3.502 million, representing about 0.17% of the company. Other institutional investors have also adjusted their holdings in Atlas Energy Solutions, with various firms initiating new stakes or increasing existing ones. The stock has seen mixed analyst ratings, with an average "Hold" and a consensus price target of $18.12, while its shares opened at $11.80 on Thursday with a market cap of $1.47 billion.
Calumet, Atlas Energy Solutions, HighPeak Energy, Borr Drilling, and ProFrac Shares Are Soaring, What You Need To Know
Shares of Calumet, Atlas Energy Solutions, HighPeak Energy, Borr Drilling, and ProFrac surged after Brent crude rebounded due to geopolitical tensions in the Strait of Hormuz. A UAE-vessel incident and a significant drop in shipping traffic through the strait, coupled with Iran's review of a bill to ban "hostile" vessels, raised concerns about tighter oil supply and increased risk premiums. This situation directly benefits exploration and production (E&P) equities, which are leveraged to oil prices.
How Investors Are Reacting To Atlas Energy Solutions (AESI) Expanding Autonomous Fleet Amid Wider Q2 Losses
Atlas Energy Solutions (AESI) reported wider Q2 losses of US$25.10 million despite higher sales, while also expanding its autonomous truck fleet in the Permian Basin. The company plans to grow its driverless fleet to 100 trucks by mid-2027, which highlights both operational progress and the cost challenges of digitally transforming oilfield logistics. This move, while aiming for efficiency, also increases the risk of underused, capital-intensive assets if completion activity or sand pricing remain weak.
