v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total sales $ 287,518 $ 161,788 $ 480,185 $ 315,206
Operating expenses:        
Cost of sales (excluding depreciation, depletion and accretion expense) 202,136 63,504 308,882 126,059
Depreciation, depletion and accretion expense 25,027 9,433 42,202 17,952
GrossProfit 60,355 88,851 129,101 171,195
Selling, general and administrative expense (including stock and unit-based compensation expense of $5,466, $1,624, $9,672, and $2,246, respectively) 27,266 12,183 55,274 20,687
Amortization expense of acquired intangible assets 3,768 0 4,829 0
Loss on disposal of assets 11,098 0 11,098 0
Insurance recovery (gain) (10,000) 0 (10,000) 0
Operating income 28,223 76,668 67,900 150,508
Interest (expense), net (10,458) (521) (15,436) (3,963)
Other income 138 118 161 302
Income before income taxes 17,903 76,265 52,625 146,847
Income tax expense 3,066 5,054 11,001 12,731
Net income 14,837 71,211 41,624 134,116
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC   0   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
Net income per common share        
Net income per common share, Basic $ 0.13 $ 0.67 $ 0.39 $ 0.7
Net income per common share, Diluted $ 0.13 $ 0.67 $ 0.39 $ 0.7
Weighted average common shares outstanding, Basic 111,064 57,148 106,394 57,148
Weighted average common shares outstanding, Diluted 112,023 57,420 107,171 57,420
Product        
Total sales $ 128,210 $ 125,216 $ 241,642 $ 253,358
Service        
Total sales $ 159,308 $ 36,572 $ 238,543 $ 61,848