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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present additional segment information for the three months ended September 30, 2025 and a reconciliation to amounts on the condensed consolidated statement of operations.

			Sand						SmartSystems						Total
Revenue			$	91,643					$	1,137					$	92,780
Segment cost of goods sold
Logistics costs			$	50,581					$	—					$	50,581
Production costs			19,950						—						19,950
Depreciation, depletion, and accretion of asset retirement obligations			6,235						550						6,785
Other costs			—						529						529
Total cost of goods sold			$	76,766					$	1,079					$	77,845
Gross profit			$	14,877					$	58					$	14,935
Total operating expenses															9,565
Total other (expenses) income, net															(292)
Income tax expense (benefit)															2,076
Net income															$	3,002
Additions to property, plant and equipment			$	3,281					$	—

During the nine months ended September 30, 2025, two of the Company’s customers had revenues of more than 10%. Of these two customers, all have revenues only in the Sand segment. Sand segment revenue during the nine months ended September 30, 2025 includes $4.4 million related to contractual charges for tons sold in excess of certain contractual thresholds in a prior period, which was not recognizable under ASC 606 until the current period. The following tables present additional segment information for the nine months ended September 30, 2025 and a reconciliation to amounts on the condensed consolidated statement of operations.

			Sand						SmartSystems						Total
Revenue			$	240,697					$	3,411					$	244,108
Segment cost of goods sold
Logistics costs			$	134,910					$	—					$	134,910
Production costs			60,420						—						60,420
Depreciation, depletion, and accretion of asset retirement obligations			18,767						1,652						20,419
Other costs			—						1,695						1,695
Total cost of goods sold			$	214,097					$	3,347					$	217,444
Gross profit			$	26,600					$	64					$	26,664
Total operating expenses															28,421
Total other (expenses) income, net															(755)
Income tax expense (benefit)															(2,679)
Net income															$	167
Additions to property, plant and equipment			$	9,085					$	31

During the three months ended September 30, 2024, four of the Company’s customers had revenues of more than 10%. Of these four customers, three 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 September 30, 2024 and a reconciliation to amounts on the condensed consolidated statement of operations.

			Sand						SmartSystems						Total
Revenue			$	62,232					$	926					$	63,158
Segment cost of goods sold
Logistics costs			$	31,119					$	—					$	31,119
Production costs			18,166						—						18,166
Depreciation, depletion, and accretion of asset retirement obligations			6,205						495						6,700
Other costs			111						575						686
Total cost of goods sold			$	55,601					$	1,070					$	56,671
Gross profit			$	6,631					$	(144)					$	6,487
Total operating expenses															11,399
Total other (expenses) income, net															(322)
Income tax expense (benefit)															(5,136)
Net loss															$	(98)
Additions to property, plant and equipment			$	3,892					$	919

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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- References

No definition available.

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