v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total revenue $ 1,095,310 $ 1,055,957 $ 613,960
Operating expenses:      
Cost of sales (excluding depreciation, depletion and accretion expense) [1] 784,495 725,196 260,396
Depreciation, depletion and accretion expense [1] 160,148 98,747 39,798
Gross profit 150,667 232,014 313,766
Selling, general and administrative expense (including stock and unit-based compensation expense of $33,227, $22,381, and $7,409, respectively) 138,829 106,223 48,608
Credit loss expense 4,778 25 28
Amortization expense of acquired intangible assets 23,547 12,316 0
Change in fair value of contingent consideration (3,360) 0 0
Loss on disposal of assets 0 19,672 0
Insurance recovery (gain) (2,217) (20,098) 0
Operating income (loss) (10,910) 113,876 265,130
Interest (expense), net (57,996) (38,647) (7,689)
Other income, net 727 551 430
Income (loss) before income taxes (68,179) 75,780 257,871
Income tax expense (benefit) (17,875) 15,836 31,378
Net income (loss) (50,304) 59,944 226,493
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC     54,561
Less: Net income attributable to redeemable noncontrolling interest     66,503
Net income (loss) attributable to Atlas Energy Solutions, Inc. $ (50,304) $ 59,944 $ 105,429
Net income (loss) per common share      
Net income (loss) per common share, Basic $ (0.41) $ 0.55 $ 1.5
Net income (loss) per common share, Diluted $ (0.41) $ 0.55 $ 1.48
Weighted average common shares outstanding, Basic 122,435 108,235 70,450
Weighted average common shares outstanding, Diluted 122,435 109,176 71,035
Product      
Total revenue $ 477,985 $ 515,434 $ 468,119
Service      
Total revenue 558,774 540,523 145,841
Rental revenue      
Total revenue $ 58,551 $ 0 $ 0
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

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