v3.24.1.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total sales $ 192,667 $ 153,418
Operating expenses:    
Cost of sales (excluding depreciation, depletion and accretion expense) 106,746 62,555
Depreciation, depletion and accretion expense 17,175 8,519
GrossProfit 68,746 82,344
Selling, general and administrative expense (including stock and unit-based compensation expense of $4,206 and $622, for the three months ended March 31, 2024 and 2023, respectively) 29,069 8,504
Operating income 39,677 73,840
Interest expense, net (4,978) (3,442)
Other income 23 184
Income before income taxes 34,722 70,582
Income tax expense 7,935 7,677
Net income 26,787 62,905
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC   54,561
Less: Net income attributable to redeemable noncontrolling interest   6,610
Net income attributable to Atlas Energy Solutions, Inc. $ 26,787 $ 1,734
Net income per common share    
Net income per common share, Basic $ 0.26 $ 0.03
Net income per common share, Diluted $ 0.26 $ 0.03
Weighted average common shares outstanding, Basic 102,931 57,148
Weighted average common shares outstanding, Diluted 103,822 57,408
Product    
Total sales $ 113,432 $ 128,142
Service    
Total sales $ 79,235 $ 25,276

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