Atlas Energy Solutions Inc. on Dec. 26, 2025, entered into a master lease agreement between its subsidiary, Galt Power Solutions LLC, and Stonebriar Commercial Finance LLC for the manufacture of 240MW of power generation equipment that Stonebriar will lease back to Galt.

The lease agreement is worth $385 million, according to a Securities and Exchange Commission filing. Galt will make payments to Stonebriar in two phases: (i) monthly rental payments in the amount of 1-Month SOFR plus 635 basis point and (ii) once Equipment under the Reservation Agreement is delivered to and accepted by Galt, monthly rental payments in an amount set forth in the applicable Schedule.

In addition, Atlas Sand Co. entered a Fourth Amendment to its ABL Credit Agreement with Bank of America allowing the formation of Galt Power.