Three Months Ended

Six Months Ended

June 30,

2024

2023

2024

2023

Numerator:

Net income

$

14,837

$

71,211

$

41,624

$

134,116

Less: Pre-IPO net income attributable to Atlas Sand Company, LLC

—

54,561

Less: Net income attributable to redeemable noncontrolling interest

32,693

39,303

Net income attributable to Atlas Energy Solutions Inc.

$

14,837

$

38,518

$

41,624

$

40,252

Denominator:

Basic weighted average shares outstanding

111,064

57,148

106,394

57,148

Dilutive potential of restricted stock units

379

272

238

272

Dilutive potential of performance share units

580

—

539

—

Diluted weighted average shares outstanding (1)

$

112,023

$

57,420

$

107,171

$

57,420

Basic EPS attributable to holders of Common Stock

$

0.13

$

0.67

$

0.39

$

0.70

Diluted EPS attributable to holders of Common Stock (1)

$

0.13

$

0.67

$

0.39

$

0.70

(1) Shares of Old Atlas Class A Common Stock issued in exchange for Operating Units did not have a dilutive effect on EPS and were not included in the EPS calculation.