Now, listen closely, because this is a story about Atlas Energy Solutions – a company that digs things up, mostly. And a rather portly fellow from Meridian Wealth Advisors, who decided to shed some of his Atlas shares, like a snake shedding its skin. A grand total of 1,458,193 of them, to be precise, amounting to a hefty $14.74 million. A bit like emptying a rather large piggy bank, wouldn’t you say?
What Happened, You Ask?
This Meridian fellow, you see, decided that Atlas wasn’t quite tickling his fancy anymore. He offloaded those shares back in February, and the value of what remained dwindled by a rather alarming $18.51 million. It’s a bit like watching your sweets disappear, isn’t it? The price of these shares, you understand, wobbles about like a jelly on a plate.
A Peek Behind the Curtain
- After this little share-shedding escapade, Atlas only represents a measly 1.29% of Meridian’s entire hoard of investments. A rather small crumb, wouldn’t you agree?
- The truly enormous piles of money Meridian Wealth Advisors is playing with include:
- NYSEMKT: IVV: $80.73 million (a mountain of cash!)
- NYSEMKT: IAU: $46.33 million (a respectable hill, at least)
- NYSE: XOM: $37.77 million (a sturdy mound)
- NASDAQ: MSFT: $26.62 million (a decent bump)
- NASDAQ: AAPL: $25.84 million (a smaller, but still quite useful, bump)
- And as for Atlas itself? Well, its shares are currently languishing at $13.48. A full 26% drop over the past year. It’s underperforming the S&P 500, which is doing rather nicely, thank you very much.
The Guts of the Operation
| Metric | Value |
|---|---|
| Market Capitalization | $1.7 billion |
| Revenue (TTM) | $1.1 billion |
| Net Income (TTM) | ($50.3 million) |
What Does Atlas Actually Do?
- Atlas Energy Solutions is a provider of proppant and logistics services – which basically means they help oil and gas companies dig stuff up in the Permian Basin of West Texas and New Mexico. A rather dusty place, I’m told.
- They ship sand and other bits and bobs to the oil wells.
- They serve those oil and gas producers who are busy extracting… well, you know.
Essentially, they’re the delivery service for the deep earth. A rather important job, if you think about it. But a decidedly messy one.
What This Means for Those Who Chase Dividends
Now, here’s the peculiar part. Atlas looked a bit glum at the end of last year. Then, unexpectedly, its shares surged a rather impressive 39% to start this year. It’s a bit like a grumpy toad suddenly sprouting wings. Sentiment around the Permian Basin improved, and Atlas started fiddling with power infrastructure, partnering with Caterpillar to build a whopping 1.4 gigawatts of future capacity. They’re aiming for a multi-year bonanza tied to artificial intelligence and industrial electrification. A rather ambitious plan, wouldn’t you say?
The Meridian fellow’s sale, while sensible at the time, might prove to be a bit of a blunder. Selling when things are weak can protect your pennies, of course. But it also means missing out when those pennies suddenly start multiplying. A lesson for us all, perhaps: sometimes, the best thing to do is hold on tight, even when things look a bit… wobbly.
Read More
- Unmasking falsehoods: A New Approach to AI Truthfulness
- Top 10 Coolest Things About Invincible (Mark Grayson)
- Top 20 Dinosaur Movies, Ranked
- Silver Rate Forecast
- Gold Rate Forecast
- Smarter Reasoning, Less Compute: Teaching Models When to Stop
- TV Shows That Race-Bent Villains and Confused Everyone
- 25 “Woke” Films That Used Black Trauma to Humanize White Leads
- Celebs Who Narrowly Escaped The 9/11 Attacks
- 22 Films Where the White Protagonist Is Canonically the Sidekick to a Black Lead
2026-03-22 20:54