v3.25.4
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of income tax expense

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Years ended December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Federal

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​

​

​

​

​

​

​

Current

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$

992

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$

2,018

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$

2,817

Deferred

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​

(12,221)

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1,746

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17,323

State

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​

​

​

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​

​

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​

Current

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31

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35

​

 

819

Deferred

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504

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(71)

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1,391

Total

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$

(10,694)

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$

3,728

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$

22,350

Schedule of accounting for differences between income taxes computed at the federal statutory rate and the provision recorded for income taxes

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Years ended December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Income taxes computed at the federal statutory rate

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$

(13,049)

​

21.0%

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$

3,134

​

21.0%

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$

21,938

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21.0%

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​

​

$

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​

​

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$

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​

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$

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State taxes, net of federal benefits (a)

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(938)

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1.5%

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214

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1.4%

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1,210

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1.2%

Effect of changes in tax laws or rates

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​

1,449

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(2.3%)

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(166)

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(1.1%)

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​

350

​

0.3%

Nontaxable or nondeductible items

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​

​

​

​

​

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Percentage depletion

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(1,600)

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2.6%

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(2,410)

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(16.1%)

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(1,717)

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(1.6%)

162(m) compensation limitation

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2,126

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(3.4%)

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6,172

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41.4%

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5,716

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5.5%

Stock-based compensation

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504

​

(0.8%)

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(3,299)

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(22.1%)

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(3,395)

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(3.3%)

Other

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317

​

(0.5%)

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397

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2.7%

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210

​

0.2%

Tax credits

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—

​

0.0%

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(21)

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(0.1%)

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​

(170)

​

(0.2%)

Effect of cross-border tax laws

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​

​

​

​

​

​

​

​

​

​

​

​

​

IRC 250 FDII

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—

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0.0%

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—

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(1,475)

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(1.4%)

Other adjustments

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497

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(0.9%)

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(293)

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(2.0%)

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(317)

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(0.3%)

Total

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$

(10,694)

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17.2%

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$

3,728

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25.0%

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$

22,350

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21.4%

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​

(a) State taxes in West Virginia made up the majority of the tax effect in this category.

Schedule of deferred tax assets and liabilities

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December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Deferred tax assets:

 

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  ​

 

​

  ​

Loss carryforwards U.S. - Federal/States

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$

6,693

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$

1,798

Asset retirement obligations

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8,041

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6,879

Section 163(j) business interest limitation

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—

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340

Section 263A inventory capitalization

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1,928

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1,156

Accrued expenses

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3,750

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2,144

Stock-based compensation

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4,685

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3,294

Other

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​

134

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—

Total deferred tax assets

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25,231

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15,611

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​

​

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Deferred tax liabilities:

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​

​

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Depreciation & amortization

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(69,540)

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(71,638)

Net deferred tax liabilities

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$

(44,309)

​

$

(56,027)

Schedule of the company made tax payments

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December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

​

2023

U.S. Federal

 

$

2,240

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$

750

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$

(10,935)

State:

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West Virginia

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1

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381

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250

Virginia

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(285)

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—

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—

Other

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(67)

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39

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121

Total state

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(351)

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​

420

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371

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​

Total cash paid for income taxes (net of refunds)

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$

1,889

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$

1,170

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$

(10,564)

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