XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables present additional segment information for the three months ended June 30, 2025 and a reconciliation to amounts on the condensed consolidated statement of operations.
| Sand |  | SmartSystems |  | Total
Revenue | $ | 84,590 |  |  | $ | 1,180 |  |  | $ | 85,770 |
Segment cost of goods sold |  |  |  |  |
Logistics costs | $ | 48,089 |  |  | $ | — |  |  | $ | 48,089 |
Production costs | 21,308 |  |  | — |  |  | 21,308 |
Depreciation, depletion, and accretion of asset retirement obligations | 6,276 |  |  | 551 |  |  | 6,827 |
Other costs | — |  |  | 589 |  |  | 589 |
Total cost of goods sold | $ | 75,673 |  |  | $ | 1,140 |  |  | $ | 76,813 |
Gross profit | $ | 8,917 |  |  | $ | 40 |  |  | $ | 8,957 |
Total operating expenses |  |  |  |  | 9,034 |
Total other (expenses) income, net |  |  |  |  | (250) |
Income tax expense (benefit) |  |  |  |  | (21,723) |
Net income (loss) |  |  |  |  | $ | 21,396 |
Additions to property, plant and equipment | $ | 3,066 |  |  | $ | 31 |  |  |
During the six months ended June 30, 2025, three of the Company’s customers had revenues of more than 10%. Of these three customers, all had revenues only in the Sand segment. The following tables present additional segment information for the six months ended June 30, 2025 and a reconciliation to amounts on the condensed consolidated statement of operations.
| Sand |  | SmartSystems |  | Total
Revenue | $ | 149,054 |  |  | $ | 2,274 |  |  | $ | 151,328 |
Segment cost of goods sold |  |  |  |  |
Logistics costs | $ | 84,329 |  |  | $ | — |  |  | $ | 84,329 |
Production costs | 40,470 |  |  | — |  |  | 40,470 |
Depreciation, depletion, and accretion of asset retirement obligations | 12,532 |  |  | 1,101 |  |  | 13,633 |
Other costs | — |  |  | 1,167 |  |  | 1,167 |
Total cost of goods sold | $ | 137,331 |  |  | $ | 2,268 |  |  | $ | 139,599 |
Gross profit | $ | 11,723 |  |  | $ | 6 |  |  | $ | 11,729 |
Total operating expenses |  |  |  |  | 18,856 |
Total other (expenses) income, net |  |  |  |  | (463) |
Income tax expense (benefit) |  |  |  |  | (4,755) |
Net income (loss) |  |  |  |  | $ | (2,835) |
Additions to property, plant and equipment | $ | 5,804 |  |  | $ | 31 |  |  |
During the three months ended June 30, 2024, five of the Company’s customers had revenues of more than 10%. Of these five customers, four had revenues only in the Sand segment and one had revenues in the Sand segment and SmartSystems segment. The following tables present additional segment information for the three months ended June 30, 2024 and a reconciliation to amounts on the condensed consolidated statement of operations.
| Sand |  | SmartSystems |  | Total
Revenue | $ | 71,020 |  |  | $ | 2,780 |  |  | $ | 73,800 |
Segment cost of goods sold |  |  |  |  |
Logistics costs | $ | 34,856 |  |  | $ | — |  |  | $ | 34,856 |
Production costs | 17,521 |  |  | — |  |  | 17,521 |
Depreciation, depletion, and accretion of asset retirement obligations | 6,215 |  |  | 501 |  |  | 6,715 |
Other costs | 311 |  |  | 1,323 |  |  | 1,635 |
Total cost of goods sold | $ | 58,903 |  |  | $ | 1,824 |  |  | $ | 60,727 |
Gross profit | $ | 12,117 |  |  | $ | 956 |  |  | $ | 13,073 |
Total operating expenses |  |  |  |  | 9,545 |
Total other (expenses) income, net |  |  |  |  | (1,628) |
Income tax expense (benefit) |  |  |  |  | 2,330 |
Net income (loss) |  |  |  |  | $ | (430) |
Additions to property, plant and equipment | $ | 2,145 |  |  | $ | 313 |  |  |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration