On February 17, 2026, Meridian Wealth Advisors disclosed a reduction in its Atlas Energy Solutions (NYSE:AESI) position, selling 1,458,193 shares for an estimated $14.74 million based on average quarterly pricing.
According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Meridian Wealth Advisors reduced its position in Atlas Energy Solutions by 1,458,193 shares. The estimated transaction value was $14.74 million, calculated using the average unadjusted closing price over the fourth quarter of 2025. The value of the AESI stake declined by $18.51 million between filings, reflecting both the share sale and stock price movement.
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After the sale, AESI represents 1.29% of Meridian Wealth Advisors’ 13F assets under management.
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Top holdings after the filing:
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NYSEMKT: IVV: $80.73 million (11.2% of AUM)
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NYSEMKT: IAU: $46.33 million (6.4% of AUM)
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NYSE: XOM: $37.77 million (5.2% of AUM)
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NASDAQ: MSFT: $26.62 million (3.7% of AUM)
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NASDAQ: AAPL: $25.84 million (3.6% of AUM)
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As of Friday, AESI shares were priced at $13.48, down 26% over the past year and well underperforming the S&P 500, which is instead up about 15% in the same period.
|
Metric |
Value |
|---|---|
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Market Capitalization |
$1.7 billion |
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Revenue (TTM) |
$1.1 billion |
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Net Income (TTM) |
($50.3 million) |
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Atlas Energy Solutions provides proppant and logistics services for oil and natural gas extraction, with operations focused in the Permian Basin of West Texas and New Mexico.
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The firm generates revenue by providing proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico.
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It serves oil and natural gas producers operating in the Permian Basin region.
Atlas Energy Solutions is a leading provider of proppant and logistics services to the oil and gas sector, with a particular focus on the Permian Basin. The company leverages integrated logistics and supply chain solutions to support efficient hydrocarbon extraction for major energy producers.
This is a clean example of how quickly the narrative can flip in cyclical energy names. At year-end, Atlas looked like a laggard. This company then posted $1.1 billion in annual revenue while swinging to a net loss, with fourth-quarter EBITDA of just $36.7 million as pricing pressure and cost inflation weighed on margins. Against that backdrop, trimming exposure made sense, especially in a portfolio anchored by broad-market ETFs, gold, and mega-cap names like Exxon, Apple, and Microsoft.
But the story didn’t stop there. After the quarter closed, shares surged 39% year to date, helped by improving sentiment around Permian activity and a more compelling long-term angle. The company is now leaning into power infrastructure, locking in an agreement with Caterpillar tied to roughly 1.4 gigawatts of future capacity and positioning itself for a multi-year demand cycle tied to AI and industrial electrification.
Ultimately, for long-term investors, it’s important to remember that selling into weakness can protect capital, but it also reduces exposure to inflection points.
