Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The components of the income tax provision are as follows (in thousands):

	For the Year Ended
	December 31,
	2024		2023		2022
Current income tax provision:
Federal	$	—	$	—	$	—
State		834		2,177		1,858
Total current income tax provision	$	834	$	2,177	$	1,858
Deferred income tax provision:
Federal	$	12,805	$	28,627	$	—
State		2,197		574		(2	)
Total deferred income tax provision (benefit):	$	15,002	$	29,201	$	(2	)
Income tax provision	$	15,836	$	31,378	$	1,856

Schedule of Expense Computed by Applying Statutory Federal Income Tax Rate

The effective tax rate on pre-tax income differs from the Federal statutory rate of 21% for the years ended December 31, 2024, 2023, and 2022 due to the following (in thousands, except effective tax rates):

	For the Year Ended
	December 31,
	2024			2023			2022
Taxes at federal statutory rate	$	15,914		$	54,153		$	45,961
Less: Pre-IPO activity attributable to Atlas Sand Company, LLC		—			(11,526	)		(45,961	)
Less: noncontrolling interest		—			(14,140	)		—
State income tax expense		1,753			2,173			1,856
Percentage depletion		(7,556	)		—			—
Non-deductible compensation		1,886			426			—
Acquisition related costs		1,814			—			—
Non-deductible meals and entertainment		860			274			—
Prior year taxes		703			—			—
Change in applicable tax rate		642			—			—
Other		(180	)		18			—
Income tax expense	$	15,836		$	31,378		$	1,856
Effective tax rate		20.9	%		12.2	%		0.8	%

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of cumulative temporary differences that give rise to significant deferred tax assets and deferred tax liabilities are presented below (in thousands):

	For the Year Ended
	December 31,
	2024			2023
Deferred tax assets
Amortizable intangible assets	$	—		$	3,397
Carryforwards		54,155			4,255
Employee compensation		1,864			1,573
Right-of-use liabilities		4,140			—
Asset retirement obligations		1,505			—
Other		862			1,417
Gross deferred tax assets	$	62,526		$	10,642
Valuation allowance		(1,632	)		—
Total deferred tax assets	$	60,894		$	10,642
Deferred tax liabilities
Amortizable intangible assets	$	(19,547	)	$	—
Inventories		(4,697	)		(2,700	)
Property, plant and equipment		(235,741	)		(128,547	)
Right-of-use assets		(3,990	)		—
Other		(3,791	)		(924	)
Total deferred tax liabilities	$	(267,766	)	$	(132,171	)
Deferred tax liability, net	$	(206,872	)	$	(121,529	)