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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

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X

- References

No definition available.

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