v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total sales $ 304,434 $ 157,616 $ 784,619 $ 472,822
Operating expenses:        
Cost of sales (excluding depreciation, depletion and accretion expense) 225,347 67,770 534,229 193,829
Depreciation, depletion and accretion expense 26,069 10,221 68,271 28,173
GrossProfit 53,018 79,625 182,119 250,820
Selling, general and administrative expense (including stock and unit-based compensation expense of $6,289, $1,414, $15,961, and $3,660, respectively) 25,463 14,301 80,737 34,988
Amortization expense of acquired intangible assets 3,744 0 8,573 0
Loss on disposal of assets 8,574 0 19,672 0
Insurance recovery (gain) 0 0 (10,000) 0
Operating income 15,237 65,324 83,137 215,832
Interest (expense), net (11,193) (1,496) (26,629) (5,459)
Other income 289 136 450 438
Income before income taxes 4,333 63,964 56,958 210,811
Income tax expense 415 7,637 11,416 20,368
Net income 3,918 56,327 45,542 190,443
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC   0   54,561
Less: Net income attributable to redeemable noncontrolling interest   26,887   66,190
Net income attributable to Atlas Energy Solutions, Inc. $ 3,918 $ 29,440 $ 45,542 $ 69,692
Net income per common share        
Net income per common share, Basic $ 0.04 $ 0.51 $ 0.42 $ 1.22
Net income per common share, Diluted $ 0.04 $ 0.51 $ 0.42 $ 1.21
Weighted average common shares outstanding, Basic 109,883 57,237 107,570 57,189
Weighted average common shares outstanding, Diluted 111,078 57,928 108,562 57,746
Product        
Total sales $ 145,347 $ 114,773 $ 386,989 $ 368,131
Service        
Total sales $ 159,087 $ 42,843 $ 397,630 $ 104,691

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