CALGARY, Alberta, May 13, 2026 (GLOBE NEWSWIRE) — Atlas Energy Corp. (“Atlas” or the “Company“) (TSXV:ATLE), a TSXV Sandbox issuer, is pleased to announce its financial and operating results for the three months ended March 31, 2026. Selected financial and operational information is outlined below and should be read with Atlas’ consolidated financial statements and management’s discussion and analysis (“MD&A”) as of March 31, 2026, which are available on the Company’s SEDAR+ profile at www.sedarplus.ca.
As at March 31, 2026, the Company had cash and cash equivalents of $26.7 million, current liabilities of $898 thousand and no debt. The Company recorded a net loss of $1.3 million during the quarter, primarily attributed to general and administrative and business development costs as the Company evaluated multiple potential royalty and streaming opportunities and incurred related technical consulting, commercial diligence, legal structuring and business development costs.
“Atlas continues to maintain a strong financial position, with approximately $26.7 million in cash and no debt as of March 31, 2026, providing flexibility as we advance a pipeline of international royalty and streaming opportunities,” said Mark Hodgson, Atlas Energy’s President and Chief Executive Officer. “Since inception, we have continued to evaluate opportunities across our target markets where we see alignment with our investment criteria and a path toward execution. We recognize our first transaction is a critical milestone and remain committed to executing it with discipline, as it will establish the foundation for the business. We are encouraged by the progress made and the quality of opportunities under active consideration. Tightening supply and inventories across the oil market continue to highlight the valuation dislocation we see in international upstream assets and reinforce the strength of Atlas’ investment strategy.”
About Atlas Energy Corp.
Atlas Energy Corp. is an international upstream royalty and streaming company focused on the acquisition and management of a diversified portfolio of oil and gas royalty and streaming interests across key global markets.
For additional information please contact:
| Mark Hodgson President & Chief Executive Officer |
Travis Doupe Chief Financial Officer |