CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: New $10M Stake in AESI

Cushing Asset Management took a new position in Atlas Energy Solutions Inc. (AESI) with 832,000 shares, valued at about $9.99 million. This move was disclosed in a filing on October 26, 2026.

AESI Atlas Energy Solutions Inc.

$8.99 ▼ -7.51% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Cushing Asset Management's Position

Cushing Asset Management opened its stake with 832,000 shares, representing a new buy. This position adds to the firm's overall reported value of approximately $1.42 billion.

Where Atlas Energy Solutions Fits in Cushing Asset Management's Portfolio

Atlas Energy Solutions accounts for 0.71% of Cushing Asset Management's total portfolio, ranking 33rd out of 73 holdings.

Other Institutional Activity in AESI

Encompass Capital Advisors, LLC reduced its stake by 2,595,482 shares, ending with 6,540,322 shares worth about $58.8 million. Two Sigma Investments, LP increased its holdings by 1,604,973 shares, totaling 3,209,946 shares valued at approximately $28.9 million. Barrow, Hanley Mewhinney & Strauss, LLC lowered its position by 498,286 shares, bringing its total to 2,651,438 shares worth about $23.8 million.

Atlas Energy Solutions Inc. Stock Up 4.5%

Atlas Energy Solutions shares recently traded around $8.99 as of October 27, 2026. This stock has seen fluctuations, and Cushing's new position comes at a time when the company has faced challenges, including a negative net margin of -11.1%.

Recent Earnings

For the trailing twelve months, Atlas Energy Solutions reported revenue of approximately $1.07 billion, with a year-over-year revenue growth of 1.6%. The company is set to announce its next earnings on November 2, 2026.

Insider Buying and Selling at Atlas Energy Solutions Inc.

Several insiders have engaged in trading recently. Ben M. Brigham, an officer and director, bought 9,635 shares on May 14, 2025, at an average price of $13.38, totaling about $128,886. Christopher Scholla, a beneficial owner, sold 52,150 shares on November 18, 2025, at an average price of $8.82, amounting to approximately $459,963. Gregory M. Shepard also sold 230,000 shares on February 18, 2026, valued at about $2.73 million.

Analysts Set New Price Targets

Analysts have varied opinions on Atlas Energy Solutions. On September 3, 2026, Citigroup maintained a "Buy" rating with a target price of $17.0, while Barclays upgraded its rating to "Equal-Weight" with a target of $14.0 on September 28, 2026. Stephens & Co. maintained an "Overweight" rating with a target of $20.0 on October 5, 2026.

About Atlas Energy Solutions

Atlas Energy Solutions Inc. operates in the energy sector, focusing on producing proppants and providing logistics and power solutions primarily in the Permian Basin. The company runs multiple facilities, including large-scale production plants and a distributed mining network.

Bottom Line

Investors should keep an eye on Atlas Energy Solutions as it prepares for its upcoming earnings release on November 2, 2026. Cushing Asset Management's new stake could indicate a growing interest in the company amid its challenges in profitability.