Atlas Energy Solutions (AESI) 10-Q 1 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	6 Months Ended
	Jun. 30, 2023	Jul. 26, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001910950
Document Fiscal Period Focus	Q2
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Securities Act File Number	001-41640
Entity Registrant Name	Atlas Energy Solutions Inc.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5918 W. Courtyard Drive
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Tax Identification Number	88-0523830
Entity Address, Postal Zip Code	78730
City Area Code	512
Local Phone Number	220-1200
Title of 12(b) Security	Class A common stock, par value $0.01 per share
Trading Symbol	AESI
Security Exchange Name	NYSE
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Parent [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		100,000,000
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		57,147,501
Entity Listing, Par Value Per Share	$ 0.01
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		42,852,499
Entity Listing, Par Value Per Share	$ 0.01

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 341,674,000	$ 82,010,000
Accounts receivable	85,940,000	73,341,000
Accounts receivable - related parties	0	1,051,000
Inventories	3,301,000	5,614,000
Spare part inventories	13,506,000	10,797,000
Prepaid expenses and other current assets	9,847,000	5,918,000
Total current assets	454,268,000	178,731,000
Property, plant and equipment, net	700,018,000	541,524,000
Finance lease right-of-use assets	36,609,000	19,173,000
Operating lease right-of-use assets	4,188,000	4,049,000
Other long-term assets	3,537,000	7,522,000
Total assets	1,198,620,000	750,999,000
Current liabilities:
Accounts payable	47,681,000	31,645,000
Accounts payable - related parties	177,000	154,000
Accrued liabilities	51,380,000	30,630,000
Current portion of long-term debt	29,746,000	20,586,000
Other current liabilities	12,224,000	5,659,000
Total current liabilities	141,208,000	88,674,000
Long-term debt, net of discount and deferred financing costs	101,201,000	126,588,000
Deferred tax liabilities	39,070,000	1,906,000
Other long-term liabilities	38,012,000	22,474,000
Total liabilities	319,491,000	239,642,000
Commitments and contingencies (Note 7)
Redeemable noncontrolling interest	802,443,000	0
Stockholders' / members' equity:
Members' Capital	0	511,357,000
Preferred stock	0	0
Additional paid-in-capital	44,150,000	0
Retained earnings	31,536,000	0
Total stockholders' and members' equity	76,686,000	511,357,000
Total liabilities, redeemable noncontrolling interest and stockholders' and members' equity	1,198,620,000	750,999,000
Common Class A [Member]
Stockholders' / members' equity:
Common stock	571,000	0
Common Class B [Member]
Stockholders' / members' equity:
Common stock	$ 429,000	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical)	Jun. 30, 2023 $ / shares shares
Preferred stock, par value | $ / shares	$ 0.01
Preferred stock, shares authorized	500,000,000
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
Common Class A [Member]
Common stock, par value | $ / shares	$ 0.01
Common stock, shares authorized	1,000,000,000
Common stock, shares issued	57,147,501
Common stock, shares outstanding	57,147,501
Common Class B [Member]
Common stock, par value | $ / shares	$ 0.01
Common stock, shares authorized	500,000,000
Common stock, shares issued	42,852,499
Common stock, shares outstanding	42,852,499

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total sales	$ 161,788	$ 131,323	$ 315,206	$ 191,177
Operating expenses:
GrossProfit	88,851	77,869	171,195	107,111
Cost of sales (excluding depreciation, depletion and accretion expense)	63,504	47,050	126,059	71,495
Depreciation, depletion and accretion expense	9,433	6,404	17,952	12,571
Selling, general and administrative expense	12,183	5,365	20,687	10,640
Operating income	76,668	72,504	150,508	96,471
Interest expense, net	(521)	(3,904)	(3,963)	(7,894)
Other income	118	514	302	1,608
Income before income taxes	76,265	69,114	146,847	90,185
Income tax expense	5,054	593	12,731	818
Net income	71,211	68,521	134,116	89,367
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC	0		54,561
Less: Net income attributable to redeemable noncontrolling interest	32,693		39,303
Net income attributable to Atlas Energy Solutions, Inc.	$ 38,518		$ 40,252	89,367
Earnings Per Share, Basic [Abstract]
Earnings Per Share, Basic	$ 0.67		$ 0.70
Earnings Per Share, Diluted	$ 0.67		$ 0.70
Weighted Average Number of Shares Outstanding, Basic	57,148		57,148
Weighted Average Number of Shares Outstanding, Diluted	57,420		57,420
Product [Member]
Total sales	$ 125,216	112,531	$ 253,358	167,343
Service [Member]
Total sales	$ 36,572	$ 18,792	$ 61,848	$ 23,834

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Stock and unit-based expense	$ 1,624	$ 178	$ 2,246	$ 383

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net income	$ 134,116	$ 89,367
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and accretion expense	18,622	13,229
Amortization of debt discount	238	222
Amortization of deferred financing costs	191	223
Stock and unit-based compensation	2,246	383
Deferred income tax	9,627	0
Commodity derivatives gain	0	(1,173)
Settlements on commodity derivatives	0	871
Other	185	(250)
Changes in operating assets and liabilities:
Accounts receivable	(12,598)	(44,544)
Accounts receivable - related party	868	55
Inventories	2,313	684
Spare part inventories	(2,737)	(2,447)
Prepaid expenses and other current assets	(3,929)	2,085
Other long-term assets	(918)	(3,343)
Accounts payable	1,813	2,599
Accounts payable - related parties	24	(417)
Deferred revenue	0	6,815
Accrued liabilities and other liabilities	8,057	11,072
Net cash provided by operating activities	158,118	75,431
Investing activities:
Purchases of property, plant and equipment	(146,835)	(18,428)
Net cash used in investing activities	(146,835)	(18,428)
Financing Activities:
Net proceeds from IPO	303,426	0
Payment of offering costs	(6,020)	0
Member distributions prior to IPO	(15,000)	(15,024)
Principal payments on term loan borrowings	(16,573)	(12,745)
Issuance costs associated with debt financing	(752)	(233)
Payments under finance leases	(1,700)	(393)
Dividends paid to Class A common stockholders	(8,572)	0
Distributions paid to Atlas Sand Operating, LLC unitholders	(6,428)	0
Net cash provided by (used in) financing activities	248,381	(28,395)
Net increase in cash and cash equivalents	259,664	28,608
Cash and cash equivalents, beginning of period	82,010	40,401
Cash and cash equivalents, end of period	341,674	69,009
Supplemental cash flow information
Interest	7,426	7,358
Taxes	4,227	468
Noncash Investing and Financing Items [Abstract]
Property, plant and equipment in accounts payable and accrued liabilities	$ 51,088	$ 10,022

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' and Members' Equity and Redeemable Noncontrolling Interest (Unaudited) - USD ($) $ in Thousands	Total	Prior to Initial Public Offering and Reorganization [Member]	After Initial Public Offering and Reorganization [Member]	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member] After Initial Public Offering and Reorganization [Member]	Members' Equity [Member]	Members' Equity [Member] Prior to Initial Public Offering and Reorganization [Member]
Beginning Balance at Dec. 31, 2021	$ 338,697								$ 338,697
Member distributions	(15,024)								(15,024)
Unit-based compensation expense	383								383
Net income	89,367								89,367
$0.15/unit distribution to Atlas Sand Operating, LLC unitholders	0
Ending Balance at Jun. 30, 2022	413,423								413,423
Redeemable noncontrolling interest, Beginning balance at Dec. 31, 2022	0
Beginning Balance at Dec. 31, 2022	511,357								511,357
Member distributions	(15,000)								(15,000)
Net income	40,252	$ 54,561	$ 40,252					$ 40,252		$ 54,561
Effect of reorganization and reclassification to redeemable noncontrolling interest (Note 1)	771,345
Effect of reorganization and reclassification to redeemable noncontrolling interest (Note 1), Shares				39,148,000	42,852,000
Effect of reorganization and reclassification to redeemable noncontrolling interest (Note 1)	(771,345)			$ 391	$ 429	$ (221,247)			(550,918)
Issuance of common stock in IPO, net of offering costs, Shares				18,000,000
Issuance of common stock in IPO, net of offering costs	291,236			$ 180		291,056
Deferred tax liability arising from the IPO	(27,537)					(27,537)
Stock-based compensation	1,878					1,878
Net income after IPO and reorganization, Redeemable noncontrolling interest			39,303
$0.15/share Class A common stock dividend	(8,572)						$ (8,572)
$0.15/unit distribution to Atlas Sand Operating, LLC unitholders	(6,428)
Dividend equivalent rights ($0.15 per share)	(144)						(144)
Other distributions to redeemable non-controlling interest unitholders	(1,777)
Ending Balance at Jun. 30, 2023	76,686			$ 571	$ 429	44,150	31,536		0
Ending Balance, Shares at Jun. 30, 2023				57,148,000	42,852,000
Redeemable noncontrolling interest, Ending balance at Jun. 30, 2023	802,443
Redeemable noncontrolling interest, Beginning balance at Mar. 13, 2023	771,345
Net income after IPO and reorganization, Redeemable noncontrolling interest			$ 39,303
$0.15/unit distribution to Atlas Sand Operating, LLC unitholders	(6,428)
Other distributions to redeemable non-controlling interest unitholders	(1,777)
Ending Balance at Jun. 30, 2023	76,686			$ 571	$ 429	$ 44,150	$ 31,536		$ 0
Ending Balance, Shares at Jun. 30, 2023				57,148,000	42,852,000
Redeemable noncontrolling interest, Ending balance at Jun. 30, 2023	$ 802,443

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' and Members' Equity and Redeemable Noncontrolling Interest (Unaudited) (Parenthetical)	6 Months Ended
	Jun. 30, 2023 $ / shares
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.15
Unit distribution to unit holders (in dollars per share)	0.15
Dividend equivalent rights (in dollars per share)	$ 0.15

Business and Organization

Business and Organization	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	Note 1 – Business and Organization Atlas Energy Solutions Inc. (“Atlas Inc.” and together with its subsidiaries “we,” “us,” “our,” or the “Company”) was formed on February 3, 2022, pursuant to the laws of the State of Delaware. Atlas Inc. is a holding corporation and the ultimate parent company of Atlas Sand Company, LLC (“Atlas LLC”), a Delaware limited liability company formed on April 20, 2017. Atlas LLC is a producer of high-quality, locally sourced 100 mesh and 40/70 sand used as a proppant during the well completion process. Proppant is necessary to facilitate the recovery of hydrocarbons from oil and natural gas wells. One hundred percent of Atlas LLC’s sand reserves are located in Winkler and Ward Counties, Texas, within the Permian Basin and operations consist of proppant production and processing facilities, including one facility near Kermit, Texas (the “Kermit facility”), a second facility under development at the Kermit location, and a third facility near Monahans, Texas (the “Monahans facility”). We are currently building a logistics platform with the goal of increasing the efficiency, safety and sustainability of the oil and natural gas industry within the Permian Basin. This will include the Dune Express, an overland conveyor infrastructure solution currently under construction, coupled with our growing fleet of fit-for-purpose trucks and trailers. We sell products and services primarily to oil and natural gas exploration and production companies and oilfield services companies primarily under supply agreements and also through spot sales on the open market. Initial Public Offering On March 13, 2023, we completed our initial public offering (the “IPO”) of 18,000,000 shares of the Company’s Class A common stock, par value $ 0.01 per share (“Class A common stock”) at a price of $ 18.00 per share. The IPO generated $ 324.0 million of gross proceeds and net proceeds of approximately $ 291.2 million. The gross proceeds were offset by $ 20.6 m illion of underwriting discounts and commissions, $ 5.9 mi llion of current offering costs in 2023, an d $ 6.3 million in offer ing costs paid in 2022 that were recorded to other long-term assets on the consolidated balance sheets as of December 31, 2022. The material terms of the IPO are described in the Company’s final prospectus, dated March 8, 2023 and filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b)(4) of the Securities Act of 1933, as amended (the “Securities Act”), on March 10, 2023 (the “Final Prospectus”). Reorganization Pursuant to a master reorganization agreement (the “Master Reorganization Agreement”) dated March 8, 2023, by and among the Company, Atlas Sand Management Company, LLC, a Texas limited liability company (“ASMC”), Atlas LLC, Atlas Sand Holdings, LLC, a Delaware limited liability company (“Holdings”), Atlas Sand Operating, LLC, a Delaware limited liability company (“Atlas Operating”), Atlas Sand Holdings II, LLC, a Delaware limited liability company (“Holdings II”), Atlas Sand Management Company II, LLC, a Delaware limited liability company (“ASMC II”), and Atlas Sand Merger Sub, LLC, a Delaware limited liability company (“Merger Sub”), the Company and the parties thereto completed certain restructuring transactions (the “Reorganization”) in connection with the IPO. As part of the Reorganization: • Merger Sub merged with and into Atlas LLC, with Atlas LLC surviving as a wholly owned subsidiary of Atlas Operating; • Holdings, Holdings II and ASMC II were formed (collectively with ASMC, the “HoldCos”), through which certain holders who previously held membership interests in Atlas LLC (the “Legacy Owners”) were issued (and continue to hold a portion of) the membership interests in Atlas Operating, as represented by a single class of common units (“Operating Units”); • certain Legacy Owners, through the HoldCos, transferred all or a portion of their Operating Units and voting rights, as applicable, in Atlas Operating to the Company in exchange for an aggregate of 39,147,501 shares of Class A common stock and, in the case of Legacy Owners continuing to hold Operating Units through the HoldCos, an aggregate of 42,852,499 shares of Class B common stock, par value $ 0.01 per share, of the Company (the “Class B common stock,” and together with the Class A common stock, the “common stock”), so that such Legacy Owners that continue to hold Operating Units also hold, through the HoldCos, one share of Class B common stock for each Operating Unit held by them immediately following the Reorganization; • the 1,000 shares of Class A common stock issued to Atlas LLC at the formation of the Company were redeemed and canceled for nominal consideration; and • the Company contributed all of the net proceeds received by it in the IPO to Atlas Operating in exchange for a number of Operating Units (such that the total number of Operating Units held by the Company equals the number of shares of Class A common stock outstanding after the IPO), and Atlas Operating further contributed the net proceeds received to Atlas LLC. As a result of the Reorganization, (i) the Company’s sole material asset consists of Operating Units, (ii) Atlas Operating’s sole material asset consists of 100% of the membership interests in Atlas LLC and (iii) Atlas LLC owns all of the Company’s operating assets. The Company is the managing member of Atlas Operating and is responsible for all operational, management and administrative decisions relating to Atlas LLC’s business and consolidates the financial results of Atlas LLC and its subsidiaries. As a result of the IPO and Reorganization: • the Legacy Owners collectively own all of the outstanding shares of Class B common stock and 39,147,501 shares of Class A common stock, collectively representing 82.0 % of the voting power and 68.5 % of the economic interest of Atlas Inc. (and 82.0% of the economic interest of Atlas LLC, including both direct and indirect ownership interests); • Atlas Inc. owns an approximate 57.1 % interest in Atlas Operating; and • the Legacy Owners that continue to hold Operating Units collectively own an approximate 42.9 % interest in Atlas Operating. On or before August 30, 2023, we will designate a date for distributions of the Operating Units and shares of common stock of the Company currently held by the HoldCos to the Legacy Owners in accordance with the distribution provisions of each respective HoldCo operating agreement. Following this distribution, the HoldCos will be dissolved, and the Legacy Owners will hold shares of the Company’s Class A common stock or Class B common stock (and corresponding Operating Units) directly. On March 13, 2023, the date on which we closed the IPO, a corresponding deferred tax liability of approximately $ 27.5 million was recorded associated with the differences between the tax and book basis of the investment in Atlas LLC. The offset of the deferred tax liability was recorded to additional paid-in capital. As there was no change in control of Atlas Operating, Atlas LLC, or the businesses or subsidiaries held by Atlas LLC as a result of the Reorganization, purchase accounting is not required and the Legacy Owners’ interests in Operating Units are recognized as a noncontrolling interest in Atlas Operating.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and SEC requirements. All adjustments necessary for a fair presentation of the Financial Statements have been included. Such adjustments are of a normal, recurring nature. These condensed consolidated financial statements include the accounts of Atlas Inc., New Atlas HoldCo Inc., Atlas Operating, Atlas LLC, and Atlas LLC’s wholly owned subsidiaries: Atlas Sand Employee Company, LLC; Atlas OLC Employee Company, LLC; Atlas Construction Employee Company, LLC; Atlas Sand Employee Holdings, LLC; Fountainhead Logistics Employee Company, LLC; Atlas Sand Construction, LLC; OLC Kermit, LLC; and OLC Monahans, LLC; Fountainhead Logistics, LLC; and Fountainhead Transportation Services, LLC. The results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any other period. The Financial Statements and these notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2022 included within the Company’s Final Prospectus. As discussed in Note 1 - Business and Organization , as a result of our IPO and the Reorganization, Atlas Inc. is the managing member of Atlas Operating and consolidates entities in which it has a controlling financial interest. The Reorganization was considered a transaction between entities under common control. As a result, the financial statements for periods prior to our IPO and the Reorganization have been adjusted to combine the previously separate entities for presentation purposes. However, Atlas Inc. and Atlas Operating had no operations or assets and liabilities prior to our IPO. As such, for periods prior to the completion of our IPO, the consolidated financial statements represent the historical financial position and results of operations of Atlas LLC and its subsidiaries. For periods after the completion of our IPO, the financial position and results of operations include those of Atlas Inc. and report the redeemable noncontrolling interest related to the portion of Operating Units not owned by Atlas Inc. Consolidation The Financial Statements include the accounts of the Company and controlled subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Use of Estimates The preparation of the Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates used in the preparation of these Financial Statements include, but are not limited to: the sand reserves and their impact on calculating the depletion expense under the units-of-production method; the depreciation and amortization associated with property, plant and equipment; stock and unit-based compensation; spare parts inventory reserve; collectability of receivables; certain liabilities; and income tax expense. We base estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates . Cash and cash equivalents Cash and cash equivalents consist of all highly liquid investments that are readily convertible into cash and have original maturities of three months or less when purchased. As of June 30, 2023, we have deposits of $ 109.3 million in an Insured Cash Sweep (“ICS”) Deposit Placement Agreement within IntraFi Network LLC facilitated by our bank. The ICS program provides the Company with access to FDIC insurance for our total cash held within the ICS. We had an additional $ 170.5 million in 2-month and 3-month United States Treasury Bills which are fully backed by the United States as of June 30, 2023. We place our remaining cash deposits with high-credit-quality financial institutions. At times, a portion of our cash may be uninsured or in deposit accounts that exceed or are not covered under the Federal Deposit Insurance Corporation limit. Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at cost when earned and represent claims against third parties that will be settled in cash. These receivables generally do not bear interest. The carrying value of our receivables, net of allowance for credit losses, represents the estimated collectable amount. If events or changes in circumstances indicate specific receivable balances may be impaired, further consideration is given to our ability to collect those balances and the allowance is adjusted accordingly. We perform credit evaluations of new customers and sometimes require deposits and prepayments, to mitigate credit risk. When it is probable that all or part of an outstanding balance will not be collected, we establish an allowance for credit losses. On January 1, 2023, we adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments, which replaced the prior incurred loss impairment model with an expected credit loss impairment model for financial instruments, including accounts receivable. The adoption of ASU 2016-13 did not result in a material cumulative-effect adjustment to retained earnings on January 1, 2023. We are exposed to credit losses primarily through sales of products and services. We analyze accounts receivable on an individual customer and overall basis through review of historical collection experience and current aging status of our customer accounts. We also consider the financial condition and economic environment of our customers in evaluating the need for an allowance. During the three and six months ended June 30, 2023, we recognized de minimis allowance for credit losses. As of June 30, 2023 and December 31, 2022, we had de minimis allowance for credit losses, which is included in accounts receivable on the condensed consolidated balance sheets. As of June 30, 2023, two customers represented 19 % and 10 % of our outstanding accounts receivable balance. As of December 31, 2022, two customers represented 19 % and 13 % of our outstanding accounts receivable balance, respectively. Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. The amounts reported in the balance sheets as current assets or liabilities, including cash and cash equivalents, accounts receivable, spare parts inventories, inventories, prepaid expenses and other current assets, accounts payable, accrued liabilities and deferred revenues approximate fair value due to the short-term maturities of these instruments. As of the dates indicated, our long-term debt consisted of the following (in thousands): At June 30, 2023 At December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value Valuation Technique Financial liabilities Outstanding principal amount of the 2021 Term Loan Credit Facility $ 130,947 $ 130,384 $ 147,174 $ 146,837 Level 2 – Market Approach Our credit agreement with Stonebriar Commercial Finance LLC (“Stonebriar”) pursuant to which Stonebriar extended a $ 180.0 million single advance six-year term loan credit facility (the "2021 Term Loan Credit Facility") bears interest at a fixed rate of 8.47 %, where its fair value will fluctuate based on changes in interest rates and credit quality. As of June 30, 2023 and December 31, 2022, the fair value of long-term debt has been determined by discounting the future cash flows using current market interest rates for similar financial instruments. These inputs are not quoted prices in active markets, but they are either directly or indirectly observable; therefore, they are classified as Level 2 inputs. See Note 6 - Debt for discussion of the credit agreement governing the 2021 Term Loan Credit Facility. Stock-Based Compensation We account for stock-based compensation, including grants of incentive units, restricted stock awards, time-based restricted stock units and performance share units, under the measurement and recognition provisions of Accounting Standards Codification (“ASC”) 718, Compensation – Stock Compensation (“ASC 718”). We account for stock and unit-based compensation by amortizing the fair value of the units, which is determined at the grant date, on a straight-line basis unless the tranche method is required. We account for forfeitures as they occur and reverse any previously recognized stock or unit-based compensation expense for the unvested portion of the awards that were forfeited. Earnings Per Share We use the treasury stock method to determine the potential dilutive effect of outstanding restricted stock units and performance share units. We evaluated the potential dilutive effect of Class B common stock using the “if-converted” method, noting conversion of Class B common stock to Class A common stock will not have a dilutive impact to earnings per share. Each share of Class B common stock is issued in conjunction with and only as a consequence of the issuance by Atlas Operating of an Operating Unit to a securityholder other than the Company. Atlas Inc. is a holding company the only assets of which are equity interests in Atlas Operating. The earnings of Atlas Operating per unit are attributable to the Company and the other Legacy Owners, as the holders of the outstanding Operating Units. Because each holder of Operating Units other than the Company also holds one share of Class B common stock, and because the Company consolidates the results of operations of Atlas Operating, the earnings per Operating Unit attributable to the Legacy Owners are derivatively attributable to the corresponding shares of Class B common stock held by such Legacy Owners. For that reason, if and when a Legacy Owner determines to exercise its Redemption Right (as defined below in Note 8 - Stockholders' Equity ) and exchange an Operating Unit (and corresponding share of Class B common stock), and if Atlas Operating or the Company determines to issue a share of Class A common stock in exchange for such Operating Unit (and corresponding share of Class B common stock), there would not be a dilutive impact to the earnings per share of the Class A common stock. As a result of the IPO, the presentation of earnings per share for the periods prior to the IPO is not meaningful and only earnings per share for periods subsequent to the IPO are presented herein. See Note 11 – Earnings Per Share for additional information. Redeemable Noncontrolling Interest We account for the Legacy Owners’ 42.9 % economic interest in Atlas Operating through ownership of Operating Units as redeemable noncontrolling interest. The redeemable noncontrolling interest is recognized at the higher of (1) its initial fair value plus accumulated earnings associated with the redeemable noncontrolling interest or (2) the redemption value as of the balance sheet date. At June 30, 2023, the redeemable noncontrolling interest was recorded based on its initial fair value plus accumulated income associated with the redeemable noncontrolling interest as this amount was higher than the redemption value of $ 726.8 million at June 30, 2023. The redemption amount is based on the 10-day volume-weighted average closing price of shares of Class A common stock at the end of the reporting period. Changes in the redemption value are recognized immediately as they occur, as if the end of the reporting period was also the redemption date for the instrument, with an offsetting entry to retained earnings, or additional paid-in capital in the absence of retained earnings. For more information, refer to Note 9 - Redeemable Noncontrolling Interest. Income Taxes Atlas Inc. is a corporation and it is subject to U.S. federal, state and local income taxes. The tax implications of the Reorganization referenced in Note 1 - Business and Organization and the tax impact of the Company’s status as a taxable corporation subject to U.S. federal, state and local income taxes have been reflected in the accompanying Financial Statements. Atlas Inc. accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled pursuant to the provisions of ASC 740, Income Taxes. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in earnings in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts more likely than not to be realized. Atlas Inc. computes its quarterly taxes under the effective tax rate method based on applying an anticipated annual effective rate to its year-to-date income, except for discrete items. Income taxes for discrete items are computed and recorded in the period that the specific transaction occurs. Atlas LLC, the Company’s predecessor, was organized as a limited liability company. As a limited liability company, Atlas LLC elected to be treated as a partnership for income tax purposes and, therefore, is not subject to U.S. federal income tax. Rather, the U.S. federal income tax liability with respect to the taxable income of our predecessor was passed through to its owners. We evaluate the uncertainty in tax positions taken or expected to be taken in the course of preparing the condensed consolidated financial statements to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. However, the conclusions regarding the evaluation are subject to review and may change based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. As of June 30, 2023 and December 31, 2022, we did no t have any liabilities for uncertain tax positions or gross unrecognized tax benefits. Our income tax returns from 2018, 2019, 2020, 2021 and 2022 are open to examinations by U.S. federal, state or local tax authorities. We cannot predict or provide assurance as to the ultimate outcome of any existing or future examinations. Recently Issued Accounting Pronouncements Rate Reform – In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. In December 2022, FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 amended ASU 2020-04 and deferred the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. As described in Note 6 - Debt, our previous asset-based loan credit facility (the “2018 ABL Credit Facility”) was terminated on February 22, 2023. The 2018 ABL Credit Facility was our only material agreement affected by reference rate reform as of June 30, 2023. We will continue to evaluate the impact of this standard on the Financial Statements and do not believe it will have a material impact on the Financial Statements. Financial Instruments – In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), which amended the guidance on the impairment of financial instruments. The standard added an impairment model, referred to as current expected credit loss, which is based on expected losses rather than incurred losses. The standard applies to most debt instruments, trade receivables, lease receivables, reinsurance receivables, financial guarantees and loan commitments. Under the guidance, companies are required to disclose credit quality indicators disaggregated by year of origination for a five-year period. In May 2019, ASU 2016-13 was subsequently amended by ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, ASU 2019-05, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief. The new guidance became effective for fiscal years beginning after December 15, 2022. We adopted ASU 2016-13 on January 1, 2023. ASU 2016-13 was applied using a modified retrospective approach, with a cumulative-effect adjustment to the opening balance of retained earnings as of the adoption date. We analyzed trade accounts receivable on an individual customer and overall basis through review of historical collection experience and current aging status of our customer accounts. We also consider the financial condition and economic environment of our customers in evaluating the need for an allowance. There was no material cumulative impact of adoption in the opening balance of retained earnings as of January 1, 2023. See Accounts Receivable and Allowance for Credit Losses discussed within this Note.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory, Net [Abstract]
Inventories	Note 3 – Inventories Inventories consisted of the following (in thousands): June 30, 2023 December 31, 2022 Raw materials $ 343 $ 290 Work-in-process 2,646 4,825 Finished goods 312 499 Inventories $ 3,301 $ 5,614 No inventory reserve was deemed necessary as of June 30, 2023 or December 31, 2022.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Note 4 – Property, Plant and Equipment, Net Property, plant and equipment, net, consisted of the following (in thousands): June 30, 2023 December 31, 2022 Plant facilities associated with productive, depletable properties $ 243,618 $ 243,613 Plant equipment 270,493 251,122 Land 3,009 3,009 Furniture and office equipment 1,871 1,407 Computer and network equipment 1,648 1,648 Buildings and leasehold improvements 30,003 25,402 Logistics equipment 6,771 1,591 Construction in progress 255,654 111,711 Property, plant and equipment 813,067 639,503 Less: Accumulated depreciation and depletion ( 113,049 ) ( 97,979 ) Property, plant and equipment, net $ 700,018 $ 541,524 Depreciation expense and depletion expense recognized in depreciation, depletion and accretion expense was $ 8.0 million and $ 1.4 million, respectively, for the three months ended June 30, 2023, as compared to $ 5.0 million and $ 1.4 million, respectively, for the three months ended June 30, 2022. Depreciation expense and depletion expense recognized in depreciation, depletion and accretion expense was $ 15.0 million and $ 2.9 million for the six months ended June 30, 2023, respectively, as compared to $ 10.0 million and $ 2.6 million for the six months ended June 30, 2022, respectively. Depreciation expense recognized in selling, general and administrative expense was $ 0.4 million for the three months ended June 30, 2023 as compared to $ 0.3 million for the three months ended June 30, 2022. Depreciation expense recognized in selling, general and administrative expense was $ 0.7 million for the six months ended June 30, 2023 as compared to $ 0.6 million for the six months ended June 30, 2022. We did no t recognize impairment of long-lived assets or loss on disposal of assets for the three and six months ended June 30, 2023 and 2022.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Note 5 – Leases We have operating and finance leases primarily for office space, equipment, and vehicles. The terms and conditions for these leases vary by the type of underlying asset. Certain leases include variable lease payments for items such as property taxes, insurance, maintenance, and other operating expenses associated with leased assets. Payments that vary based on an index or rate are included in the measurement of lease assets and liabilities at the rate as of the commencement date. All other variable lease payments are excluded from the measurement of lease assets and liabilities, and are recognized in the period in which the obligation for those payments is incurred. The components of lease cost were as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Finance lease cost: Amortization of right-of-use assets $ 1,973 $ 255 $ 3,440 $ 456 Interest on lease liabilities 822 69 1,397 119 Operating lease cost 272 227 534 612 Variable lease cost 87 159 298 342 Short-term lease cost 6,571 2,261 12,362 3,390 Total lease cost $ 9,725 $ 2,971 $ 18,031 $ 4,919 Supplemental cash flow and other information related to leases were as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 289 $ 285 $ 575 $ 726 Operating cash outflows from finance leases $ 822 $ 70 $ 1,397 $ 119 Financing cash outflows from finance leases $ 962 $ 218 $ 1,700 $ 393 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 559 $ — $ 559 $ 5,384 Finance leases $ 13,274 $ — $ 20,876 $ 3,951 During the six months ended June 30, 2022, we modified an agreement related to certain operating right-of-use assets of $ 1.3 million and liabilities of $ 1.3 million; the change in terms increased the amount, extended the term, and resulted in finance lease classification. In connection with this modification, we recognized finance lease right-of-use assets of $ 3.2 million and liabilities of $ 3.2 million. There was no gain or loss recognized as a result of these amendments. Lease terms and discount rates as of June 30, 2023 and December 31, 2022 are as follows: June 30, 2023 December 31, 2022 Weighted-average remaining lease term: Operating leases 4.1 years 4.5 years Finance leases 5.1 years 5.3 years Weighted-average discount rate: Operating leases 4.7 % 4.3 % Finance leases 9.4 % 9.4 % Future minimum lease commitments as of June 30, 2023 are as follows (in thousands): Finance Operating Remainder of 2023 $ 5,089 $ 737 2024 10,255 1,443 2025 10,168 1,474 2026 10,168 1,414 2027 6,458 815 Thereafter 7,689 11 Total lease payments 49,827 5,894 Less imputed interest 10,497 527 Total $ 39,330 $ 5,367 Supplemental balance sheet information related to our leases as of June 30, 2023 and December 31, 2022 was as follows (in thousands): Classification June 30, 2023 December 31, 2022 Operating Leases Current operating lease liabilities Other current liabilities $ 1,205 $ 1,082 Noncurrent operating lease liabilities Other long-term liabilities $ 4,162 $ 4,287 Finance Leases Current finance lease liabilities Other current liabilities $ 6,851 $ 3,213 Noncurrent finance lease liabilities Other long-term liabilities $ 32,479 $ 16,942 On May 16, 2022, Atlas LLC entered into a master lease agreement with Stonebriar for the right, but not the obligation, to fund up to $ 70.0 million of purchases of transportation and logistics equipment. The interim financing for down payments on any purchased equipment is based on one-month SOFR, plus 8.0 %. The final interest rate is set upon acceptance of the equipment based on the terms of the agreement. As of June 30, 2023, Stonebriar has funded $ 34.1 million of lease commitments under this agreement. On July 28, 2022, Atlas LLC entered into a master lease agreement with Stonebriar for the right, but not the obligation, to fund up to $ 10.0 million of purchases of dredges and related equipment. The interim financing for down payments on any purchased equipment is based on one-month SOFR, plus 8.0 %. The final interest rate is set upon acceptance of the equipment based on the terms of the agreement. As of June 30, 2023, Stonebriar has funded $ 7.0 million of lease commitments under this agreement. As of June 30, 2023, we had additional lease commitments totaling $ 3.5 million that have not yet commenced and therefore are not reflected on the condensed consolidated balance sheet and tables above. These leases include agreements for transportation, logistics equipment and dredge equipment. These leases will commence during fiscal year 2023 with lease terms of four to seven years . Certain transportation and logistics leases discussed here are a component of the purchase commitments discussed in Note 7 - Commitments and Contingencies.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Note 6 – Debt Debt consists of the following (in thousands): June 30, 2023 December 31, 2022 Term Loan Credit Facility $ 132,422 $ 148,995 Less: Debt discount, net of accumulated amortization of $ 785 and $ 546 , respectively ( 1,015 ) ( 1,254 ) Less: Deferred financing fees, net of accumulated amortization of $ 356 and $ 248 respectively ( 460 ) ( 567 ) Less: Current portion (a) ( 29,746 ) ( 20,586 ) Long-term debt $ 101,201 $ 126,588 (a) The current portion of long-term debt reflects payments based on the terms of the 2021 Term Loan Credit Facility. 2021 Term Loan Credit Facility On October 20, 2021, Atlas LLC entered into the 2021 Term Loan Credit Facility with Stonebriar. The loans outstanding under the 2021 Term Loan Credit Facility bear interest at a rate of 8.47 % per annum and had an initial maturity date of October 1, 2027 . The 2021 Term Loan Credit Facility is guaranteed on a secured basis and interest, plus principal, was initially payable in seventy-two consecutive monthly installments. At any time prior to the maturity date, we may prepay loans outstanding under the 2021 Term Loan Credit Facility, in whole or in part, at a price equal to 100 % of the principal amount prepaid plus a prepayment fee. The prepayment fee is 2 % for prepayments made on or before October 20, 2023 and 1 % with respect to any prepayments made thereafter. Upon the maturity of the 2021 Term Loan Credit Facility, the entire unpaid principal amount of loans under the facility, together with interest, fees and other amounts payable in connection with the facility, will become immediately due and payable without further notice or demand. The 2021 Term Loan Credit Facility includes certain non-financial covenants, including but not limited to restrictions on incurring additional debt and certain restricted payments. The 2021 Term Loan Credit Facility is not subject to financial covenants unless $ 5.0 million or more in aggregate is outstanding under the 2023 ABL Credit Agreement (as defined below), at which time a minimum average liquidity balance of $ 20.0 million must be maintained . Dividends and distributions to equity holders are permitted to be made pursuant to certain limited exceptions and baskets as described in the credit agreement governing the 2021 Term Loan Credit Facility (the “2021 Term Loan Credit Agreement”) and otherwise generally subject to certain restrictions as described in the 2021 Term Loan Credit Agreement, including the requirements that (a) no Event of Default (as defined in the 2021 Term Loan Credit Agreement) has occurred and is continuing, (b) Atlas maintains a $ 30.0 million cash balance pro forma for the Restricted Payment (as defined in the 2021 Term Loan Credit Agreement), (c) the Annualized Leverage Ratio (as defined in the 2021 Term Loan Credit Agreement) is not greater than 2.00 to 1.00 and (d) Atlas LLC makes a concurrent prepayment of the loans outstanding under the 2021 Term Loan Credit Facility, which prepayment is not subject to a prepayment penalty fee, in an amount equal to one-third or one-fourth of the total equity distributions being made, based on a pro forma leverage ratio set forth in the 2021 Term Loan Credit Agreement. Furthermore, the 2021 Term Loan Credit Facility permits dividends and distributions in certain other circumstances subject to the terms of the 2021 Term Loan Credit Agreement, including dividends and distributions made solely in certain qualified equity interests, tax distributions, and dividends of up to 10.0 % per annum of the net proceeds raised in our IPO. During 2022, Atlas LLC paid $ 45.0 million of equity distributions and concurrently prepaid $ 12.6 million of the 2021 Term Loan Credit Facility as required by the terms described above. In January 2023, prior to the Reorganization, the board of managers of Atlas LLC approved and paid $ 15.0 million of equity distributions, and Atlas LLC concurrently prepaid $ 3.8 million of the 2021 Term Loan Credit Facility as required by the terms described above. In May 2023, Atlas Operating approved and paid a distribution of $ 0.15 per Operating Unit, in the aggregate amount of $ 15.0 million, as permitted by the Amended and Restated Limited Liability Company Agreement of Atlas Operating (the “Atlas Operating LLCA”), and the Company declared and paid a quarterly variable dividend of $ 0.15 per share of Class A common stock. Concurrently with this distribution and dividend, Atlas LLC repaid $ 3.8 million of the 2021 Term Loan Credit Facility at par per the terms of the 2021 Term Loan Credit Facility. Proceeds from the 2021 Term Loan Credit Facility were used exclusively for general corporate purposes, which included the repayment of outstanding indebtedness under the 2018 Term Loan Credit Facility, and to make permitted distributions. As of June 30, 2023 and December 2022, Atlas LLC was in compliance with the covenants of the 2021 Term Loan Credit Facility. The 2021 Term Loan Credit Facility is unconditionally guaranteed, jointly and severally, by Atlas LLC and certain of its subsidiaries and secured by substantially all of the assets of Atlas LLC and certain of its subsidiaries, excluding: OLC Kermit, LLC, OLC Monahans, LLC and Atlas OLC Employee Company, LLC. On February 22, 2023, Atlas LLC and Stonebriar agreed to amend the 2021 Term Loan Credit Facility to, among other things, permit the Company to enter into the 2023 ABL Credit Facility with the 2023 ABL Lenders and to update certain related terms. 2023 ABL Credit Facility On February 22, 2023, Atlas LLC, certain of its subsidiaries, as guarantors, Bank of America, N.A., as administrative agent, and certain financial institutions party thereto as lenders (the “2023 ABL Lenders”) entered into a Loan, Security and Guaranty Agreement (the “2023 ABL Credit Agreement”) pursuant to which the 2023 ABL Lenders provide revolving credit financing to the Company in an aggregate principal amount of up to $ 75.0 million (the “2023 ABL Credit Facility”), with Availability (as defined in the 2023 ABL Credit Agreement) thereunder subject to a “Borrowing Base” as described in the 2023 ABL Credit Agreement. The 2023 ABL Credit Facility includes a letter of credit sub-facility, which permits issuance of letters of credit up to an aggregate amount of $ 25.0 million. The scheduled maturity date of the 2023 ABL Credit Facility is February 22, 2028 ; provided that the 2023 ABL Credit Facility will mature on June 30, 2027 if any amount of the 2021 Term Loan Credit Facility that has a maturity date less than 91 days prior to February 22, 2028 is outstanding on June 30, 2027. As of June 30, 2023, Atlas LLC had no outstanding borrowings and $ 1.1 million outstanding letters of credit under the 2023 ABL Credit Facility. Atlas LLC may also request swingline loans under the 2023 ABL Credit Agreement in an aggregate principal amount not to exceed $ 7.5 million. During the three and six months ended June 30, 2023, Atlas LLC had no outstanding swingline loans under the 2023 ABL Credit Facility. Borrowings under the 2023 ABL Credit Facility bear interest, at Atlas LLC’s option, at either a base rate or Term SOFR, as applicable, plus an applicable margin based on average availability as set forth in the 2023 ABL Credit Agreement. Term SOFR loans bear interest at Term SOFR for the applicable interest period plus an applicable margin, which ranges from 1.50 % to 2.00 % per annum based on average availability as set forth in the 2023 ABL Credit Agreement. Base rate loans bear interest at the applicable base rate, plus an applicable margin, which ranges from 0.50 % to 1.00 % per annum based on average availability as set forth in the 2023 ABL Credit Agreement. In addition to paying interest on outstanding principal under the 2023 ABL Credit Facility, Atlas LLC is required to pay a commitment fee which ranges from 0.375 % per annum to 0.500 % per annum with respect to the unutilized commitments under the 2023 ABL Credit Facility, based on the average utilization of the 2023 ABL Credit Facility. Atlas LLC is required to pay customary letter of credit fees, to the extent that one or more letter of credit is outstanding. W e recognized $ 0.1 and $ 0.1 of interest expense, unutilized commitment fees and other fees under the 2023 ABL Credit Facility, classified as interest expense, for the three and six months ended June 30, 2023, respectively. The Borrowing Base was initially set at $ 75.0 million and the amount of available credit changes every month, depending on the amount of eligible accounts receivable and inventory we have available to serve as collateral. The Borrowing Base components are subject to customary reserves and eligibility criteria. As of June 30, 2023, the Borrowing Base was $ 75.0 million and Availability was $ 73.9 million. The 2023 ABL Credit Facility requires that if Availability is less than the greater of (i) 12.50 % of the Borrowing Base and (ii) $ 7.5 million, Atlas LLC must maintain a Fixed Charge Coverage Ratio (as defined in the 2023 ABL Credit Agreement) of at least 1.00 to 1.00 while a Covenant Trigger Period (as defined in the 2023 ABL Credit Agreement) is in effect. Under the 2023 ABL Credit Agreement, Atlas LLC is permitted to make payments of dividends and distributions pursuant to certain limited exceptions and baskets set forth therein and otherwise generally subject to certain restrictions described therein, including that (i) no Event of Default (as defined under the 2023 ABL Credit Agreement) has occurred and is continuing, and (ii) no loans and no more than more than $ 7.5 million in letters of credit are outstanding, and liquidity exceeds $ 30.0 million at all times during the 30 days prior to the date of the dividend or distribution; provided that if any loans are outstanding or outstanding letters of credit exceed $ 7.5 million and no Event of Default (as defined under the 2023 ABL Credit Agreement) has occurred and is continuing, Atlas LLC is permitted to make payments of dividends and distributions subject to a minimum Fixed Charge Coverage Ratio (as defined under the 2023 ABL Credit Agreement) of 1.00 to 1.00 and satisfaction of minimum availability thresholds under the Borrowing Base (as defined under the 2023 ABL Credit Agreement), as provided under the 2023 ABL Credit Agreement. Additionally, Atlas LLC may make additional payments of dividends and distributions in qualified equity interests and may make Permitted Tax Distributions (as defined under the 2023 ABL Credit Agreement). The 2023 ABL Credit Facility contains certain customary representations and warranties, affirmative and negative covenants, and events of default. As of June 30, 2023, the Company was in compliance with the covenants under the 2023 ABL Credit Facility. The 2023 ABL Credit Facility is unconditionally guaranteed, jointly and severally, by Atlas LLC and certain of its subsidiaries and secured by substantially all of the assets of Atlas LLC and certain of its subsidiaries, excluding: OLC Kermit, LLC, OLC Monahans, LLC and Atlas OLC Employee Company, LLC. 2018 Asset-Based Loan Credit Facility On December 14, 2018, Atlas LLC entered into the 2018 ABL Credit Facility, which provided revolving credit financing with a borrowing capacity of up to $ 50.0 million. The 2018 ABL Credit Facility was unconditionally guaranteed, jointly and severally, by Atlas LLC and certain of its subsidiaries. The 2018 ABL Credit Facility was set to mature on the stated maturity date, December 14, 2023 . On February 22, 2023, Atlas LLC terminated the 2018 ABL Credit Facility. Atlas LLC had no borrowings under the 2018 ABL Credit Facility. In connection with the termination, we charged the remaining balance of the deferred financing cost of $ 0.2 million to interest expense, net on the condensed consolidated statements of operations for the six months ended June 30, 2023. We incurred de minimis fees associated with the termination. 2023 Term Loan Credit Facility On July 31, 2023, Atlas LLC entered into a credit agreement (the “2023 Term Loan Credit Agreement”) with Stonebriar, as administrative agent and initial lender, pursuant to which Stonebriar extended Atlas LLC a term loan credit facility comprised of a $ 180.0 million single advance term loan that was made on July 31, 2023 (the “Initial Term Loan”) and commitments to provide up to $ 100.0 million of delayed draw term loans (collectively, the “2023 Term Loan Credit Facility”). The Initial Term Loan is payable in eighty-four consecutive monthly installments and a final payment of the remaining outstanding principal balance at maturity. The Initial Term Loan has a final maturity date of August 1, 2030 (the “Maturity Date”). The Initial Term Loan bears interest at a rate equal to 9.50 % per annum. Each delayed draw term loan under the 2023 Term Loan Credit Facility (“DDT Loans”) will be payable in equal monthly installments, with the monthly installments comprising 80 % of the delayed draw term loan and a final payment of the remaining 20 % of the outstanding principal balance due at maturity, unless earlier prepaid. The DDT Loans will bear interest at a rate equal to the applicable Term SOFR Rate (as defined in the 2023 Term Loan Credit Agreement) plus 5.95 % per annum. All monthly installments with respect to the Initial Term Loan and the DDT Loans payable on or prior to January 1, 2025 will be interest only. At any time prior to the Maturity Date, Atlas LLC may redeem loans outstanding under the 2023 Term Loan Credit Facility, in whole or in part, at a price equal to 100 % of the principal amount being prepaid (the “Prepayment Amount”) plus a prepayment fee. The prepayment fee is 8 % of the Prepayment Amount for any prepayment that occurs on or prior to December 31, 2024, 4 % of the Prepayment Amount for any prepayment that occurs after December 31, 2024 but on or prior to December 31, 2025, 3 % of the Prepayment Amount for any prepayment that occurs after December 31, 2025 but on or prior to December 31, 2026 and 2 % of the Prepayment Amount for any prepayment that occurs thereafter. Upon the maturity of the 2023 Term Loan Credit Facility, the entire unpaid principal amount of the loans outstanding thereunder, together with interest, fees and other amounts payable in connection with the facility, will be immediately due and payable without further notice or demand. Dividends and distributions to equity holders are permitted to be made pursuant to certain limited exceptions and baskets described in the 2023 Term Loan Credit Agreement and otherwise generally subject to certain restrictions set forth in the 2023 Term Loan Credit Agreement, including the requirements that (a) no Event of Default (as defined under the 2023 Term Loan Credit Agreement) has occurred and is continuing and (b) Atlas LLC maintains at least $ 30.0 million of Liquidity (as defined under the 2023 Term Loan Credit Agreement) pro forma for the Restricted Payment (as defined under the 2023 Term Loan Credit Agreement). The 2023 Term Loan Credit Facility includes certain non-financial covenants, including but not limited to restrictions on incurring additional debt and certain distributions. The 2023 Term Loan Credit Facility is subject to a maximum 4.0 to 1.0 Leverage Ratio (as defined in the 2023 Term Loan Credit Agreement) financial covenant. Such financial covenant is tested as of the last day of each fiscal quarter. Proceeds from the 2023 Term Loan Credit Facility were used to repay outstanding indebtedness under our previous 2021 Term Loan Credit Facility with Stonebriar, to repay obligations outstanding under certain equipment lease arrangements with Stonebriar and for general corporate purposes. The 2023 Term Loan Credit Facility is unconditionally guaranteed, jointly and severally, by Atlas LLC and its subsidiaries and secured by substantially all of the assets of Atlas LLC and its subsidiaries. The 2023 Term Loan Credit Facility is also unconditionally guaranteed on an unsecured basis by Atlas Inc.

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 – Commitments and Contingencies Royalty Agreements Atlas LLC entered into a royalty agreement associated with its leased property at the Kermit facility and a mining agreement associated with its leased property at the Monahans facility, in each case, with Permian Dunes Holding Company, LLC, a related party. The royalty agreement associated with the Kermit facility terminated on the date of our IPO, pursuant to the terms of the agreement. Under the mining agreement associated with the Monahans facility, we are committed to pay royalties on product sold from that facility and are required to pay a minimum royalty of $ 1.0 million for any lease year following our IPO. Royalty expense associated with these agreements is recorded as the product is sold, is included in costs of sales, and totaled between 5 % and 10 % of cost of sales for the three and six months ended June 30, 2023, and totaled between 10 % and 15 % of cost of sales for the three and six months ended June 30, 2022. Standby Letters of Credit As of December 31, 2022, we had $ 1.1 million outstanding in standby letters of credit issued under the 2018 ABL Credit Facility. On February 22, 2023, the 2018 ABL Credit Facility was terminated and our standby letters of credit were transferred to our 2023 ABL Credit Facility. As of June 30, 2023, we had $ 1.1 million outstanding in standby letters of credit issued under the 2023 ABL Credit Facility. Purchase Commitments On March 23, 2022, we entered into an agreement to purchase transportation and logistics equipment in the amount of $ 5.2 million and $ 26.2 million in 2022 and 2023, respectively, subject to customary terms and conditions. On April 20, 2022, we entered into an agreement to purchase transportation and logistics equipment in the amount of $ 8.5 million and $ 11.9 million in 2022 and 2023, respectively, subject to customary terms and conditions. In addition, in connection with the construction of the Dune Express and construction of the second facility at the Kermit location, we enter short-term purchase obligations for products and services. We expect to use $ 291.2 million of the net proceeds from the IPO and cash flow from operations to fund the obligations over the next 15 to 17 months. Litigation We are involved in various legal and administrative proceedings that arise from time to time in the ordinary course of doing business. Some of these proceedings may result in fines, penalties or judgments being assessed against us, which may adversely affect our financial results. In addition, from time to time, we are involved in various disputes, which may or may not be settled prior to legal proceedings being instituted and which may result in losses in excess of accrued liabilities, if any, relating to such unresolved disputes. Expenses related to litigation reduce operating income. We do not believe that the outcome of any of these proceedings or disputes would have a significant adverse effect on our financial position, long-term results of operations or cash flows. It is possible, however, that charges related to these matters could be significant to our results of operations or cash flows in any single accounting period. Management is not aware of any legal, environmental or other commitments and contingencies that would have a material effect on the Financial Statements.

Stockholders Equity

Stockholders Equity	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders Equity	Note 8 – Stockholders Equity Class A Common Stock Atlas Inc. had 57,147,501 shares of Class A common stock outstanding as of June 30, 2023. Holders of shares of Class A common stock are entitled to one vote per share held of record on all matters to be voted upon by the Company’s stockholders and are entitled to ratably receive dividends when and if declared by the Company’s board of directors (the “Board”). Upon liquidation, dissolution, distribution of assets or other winding up, the holders of shares of Class A common stock are entitled to receive ratably the assets available for distribution to the stockholders after payment of liabilities and the liquidation preference of any outstanding shares of preferred stock. Class B Common Stock Atlas Inc. had 42,852,499 shares of Class B common stock outstanding as of June 30, 2023. Holders of shares of Class B common stock are entitled to one vote per share on all matters to be voted upon by the Company’s stockholders. Holders of Class A common stock and Class B common stock generally vote together as a single class on all matters presented to Atlas Inc.’s stockholders for their vote or approval. Holders of Class B common stock do not have any right to receive dividends or distributions upon a liquidation or winding up of Atlas Inc. See Note 9 - Redeemable Noncontrolling Interest for more information regarding Class B common stock. Dividends and Distributions In April 2023, Atlas Operating approved a distribution to its unitholders, the Company and Holdings, in the aggregate amount of $ 4.1 million for the payment of estimated U.S. federal income tax obligations, as permitted by the Atlas Operating LLCA. To effect the payment of the distribution, Atlas Operating made a distribution of $ 2.3 million to the Company, which was remitted to the Internal Revenue Service. The related pro rata distribution due to Holdings is included in accrued liabilities on the condensed consolidated balance sheets. In May 2023, Atlas Operating approved and paid a distribution of $ 0.15 per Operating Unit, in the aggregate amount of $ 15.0 million, as permitted by the Atlas Operating LLCA, and the Company declared a quarterly variable dividend of $ 0.15 per share of Class A common stock. To effect the payment of the dividend, Atlas Operating paid a distribution of $ 0.15 per Operating Unit to each of the Company and Holdings, the Company used its respective distribution to fund the quarterly variable dividend paid to the holders of our Class A common stock, and Holdings distributed its respective distributions to certain Legacy Owners who are holders of membership interests in Holdings. Concurrently with this distribution, Atlas LLC repaid $ 3.8 million of the 2021 Term Loan Credit Facility at par per the terms of the 2021 Term Loan Credit Facility. On July 31, 2023, Atlas Operating approved a distribution of $ 0.20 per Operating Unit, in the aggregate amount of $ 20.0 million, as permitted by the Atlas Operating LLCA, and the Company declared a quarterly base dividend of $ 0.15 per share and a quarterly variable dividend of $ 0.05 per share of Class A common stock. The dividend and distribution, as applicable, will be payable on August 17, 2023 to holders of record of Class A common stock and Operating Units, as applicable, at the close of business on August 10, 2023 . Up-C Simplification On July 31, 2023, the Company entered into a master reorganization agreement (the “Simplification MRA”) to reorganize under a new public holding company (the “Up-C Simplification”). The Up-C Simplification will allow the Company to, among other things, eliminate its “Up-C” structure and transition to a single class of common stock held by all stockholders, as opposed to the two classes of common stock of the Company that are currently authorized, issued and outstanding: the Class A common stock (such shares, for the purposes of this discussion, the “Existing Class A Shares”), and the Class B common stock (such shares, for the purposes of this discussion, the “Existing Class B Shares” and, together with the Existing Class A Shares, the “Existing Common Stock”). The parties to the Simplification MRA are: the Company; Atlas Operating; New Atlas HoldCo Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Company (“New Atlas”); AESI Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of New Atlas (“PubCo Merger Sub”); Atlas Operating Merger Sub, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of New Atlas (“OpCo Merger Sub”); and Holdings. Holdings currently holds all of the Existing Class B Shares and all of the issued and outstanding Operating Units not held by the Company. The term “Downstairs Holder(s)” refers to Holdings or, in the event that any of the Operating Units and corresponding Existing Class B Shares currently held by Holdings are distributed or otherwise transferred prior to the consummation of the Up-C Simplification, the holders of such securities following such distribution or transfer. Pursuant to the Simplification MRA, (a) PubCo Merger Sub will be merged with and into Atlas Inc. (the “PubCo Merger”), as a result of which (i) each of the Existing Class A Shares then issued and outstanding will be exchanged for one share of common stock of New Atlas, par value $ 0.01 per share (the “New Atlas Common Stock”), (ii) all of the Existing Class B Shares then issued and outstanding will be surrendered by the Downstairs Holder(s) and cancelled for no consideration and (iii) Atlas Inc. will survive the PubCo Merger (in such capacity, the “Surviving Corporation”) as a direct, wholly-owned subsidiary of New Atlas; and (b) OpCo Merger Sub will be merged with and into Atlas Operating (the “OpCo Merger” and, together with the PubCo Merger, the “Mergers”), as a result of which (i) each of the Operating Units then issued, outstanding and held by the Downstairs Holder(s) will be exchanged for one share of New Atlas Common Stock and (ii) Atlas Operating will become a wholly-owned subsidiary (partially direct and partially indirect through the Surviving Corporation) of New Atlas. As a result of the Up-C Simplification, New Atlas will replace Atlas Inc. as the publicly held entity and, through its subsidiaries, will conduct all of the operations currently conducted by Atlas Inc., and Atlas Inc. will remain the managing member of Atlas Operating. Under the terms of the Simplification MRA, New Atlas is required to file with the SEC a registration statement on Form S-4 in order to provide for the registration under the Securities Act of the shares of New Atlas Common Stock issuable by New Atlas in connection with the Mergers (the “Simplification Registration Statement”), and containing an information statement and prospectus relating to the Mergers (the “Information Statement/Prospectus). Pursuant to the terms of the Simplification MRA and in connection with the consummation of the Up-C Simplification, that certain Registration Rights Agreement, dated March 8, 2023, by and among Atlas Inc. and the other parties thereto (the “Existing Registration Rights Agreement”), and that certain Stockholders’ Agreement, dated March 8, 2023, by and among Atlas Inc. and the other parties thereto (the “Existing Stockholders’ Agreement”), are expected to be amended and restated in order to, among other things, provide for the assumption of Atlas Inc.’s obligations thereunder by New Atlas. The amended and restated registration rights agreement and the amended and restated stockholders’ agreement will each be substantially similar to the Existing Registration Rights Agreement and Existing Stockholders’ Agreement, respectively, but will contain certain administrative and clarifying changes to reflect the transition from a dual class to a single class of common stock. The consummation of the Up-C Simplification, including the Mergers, is subject to the satisfaction or waiver of certain specified conditions in the Simplification MRA, including, among other things, (i) the receipt of approval of the Up-C Simplification by the holders of a majority of the voting power of the outstanding shares of Existing Common Stock entitled to vote thereon, (ii) the Simplification Registration Statement having been declared effective by the SEC under the Securities Act, (iii) the shares of New Atlas Common Stock issuable in connection with the Mergers having been approved for listing on the New York Stock Exchange, and (iv) at least 20 calendar days having elapsed since Atlas Inc. mailed the Information Statement/Prospectus to its stockholders. Non-recurring transaction costs associated with the Up-C Simplification are shown as an add-back to Adjusted EBITDA. Refer to “— How We Evaluate Our Operations — Non-GAAP Financial Measures” for additional disclosure. A more detailed description of the Simplification MRA and the Up-C Simplification was included in the Company’s Current Report on Form 8-K filed by the Company with the SEC on August 1, 2023 (the “Up-C Simplification 8-K”). The foregoing summary of the Simplification MRA and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Simplification MRA, which is filed as Exhibit 2.1 of the Up-C Simplification 8-K.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Note 9 – Redeemable Noncontrolling Interest The redeemable noncontrolling interest represents the Legacy Owners’ 42.9 % economic interest in Atlas Operating through ownership of Operating Units. In addition, the Legacy Owners own all of the Company’s non-economic Class B common stock. Each share of Class B common stock entitles its holder to one vote on all matters to be voted on by our stockholders, generally, but confers no economic rights to dividends or distributions upon a liquidation or winding up of Atlas Inc. As discussed in Note 1 - Business and Organization , following the IPO: • Each holder of Operating Units following the Reorganization, other than Atlas Inc. and its subsidiaries, received a number of shares of Class B common stock equal to the number of Operating Units held by such holder following the IPO; • Atlas Inc. contributed, directly or indirectly, the net proceeds of the IPO to Atlas Operating in exchange for an additional number of Operating Units such that Atlas Inc. holds, directly or indirectly, a total number of Operating Units equal to the number of shares of Class A common stock outstanding following the IPO; and • Following the IPO, under the Atlas Operating LLCA, the holders of Operating Units, other than Atlas Inc., will, subject to certain limitations, have the right (the “Redemption Right”) to cause Atlas Operating to acquire all or a portion of their Operating Units for, at Atlas Operating’s election, (i) shares of Atlas Inc.’s Class A common stock at a redemption ratio of one share of Class A common stock for each Operating Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, or (ii) an equivalent amount of cash. The Company will determine whether to issue shares of Class A common stock or cash based on facts in existence at the time of the decision, which are expected to include the relative value of the Class A common stock (including the trading prices for the Class A common stock at the time), the cash purchase price, the availability of other sources of liquidity (such as an issuance of preferred stock) to acquire the Operating Units and alternative uses for such cash. Alternatively, upon the exercise of the Redemption Right, Atlas Inc. (instead of Atlas Operating) will have the right (the “Call Right”) to, for administrative convenience, acquire each tendered Operating Unit directly from the redeeming holder for, at Atlas Inc.’s election, (x) one share of Class A common stock, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, or (y) an equivalent amount of cash. In connection with any redemption of Operating Units pursuant to the Redemption Right or the Call Right, a corresponding number of shares of such holder’s Class B common stock will be cancelled. The Legacy Owners’ 42.9 % economic interest in Atlas Operating through ownership of Operating Units is classified as redeemable noncontrolling interest on the condensed consolidated balance sheets as, pursuant to the Atlas Operating LLC Agreement, holders of Operating Units have the right to cause Atlas Operating to acquire all or a portion of their Operating Units for, at Atlas Operating’s election, (i) shares of Atlas Inc.’s Class A common stock at a redemption ratio of one share of Class A common stock for each Operating Unit redeemed, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, or (ii) an equivalent amount of cash. Certain holders of the Class B common stock are participants in a stockholders’ agreement among holders of a majority of the voting stock of the Company, which allows Mr. Brigham or his affiliates to designate the members of the Board, including those directors that determine whether Atlas Operating will elect to make a cash payment upon an Operating Unit holder’s exercise of its Redemption Right. The redeemable noncontrolling interest is recognized at the higher of (1) its initial fair value plus accumulated earnings associated with the noncontrolling interest or (2) the redemption value as of the balance sheet date. From the date of the IPO through June 30, 2023, we recorded adjustments to the value of our redeemable noncontrolling interest as presented in the table below: Redeemable Noncontrolling Interest Balance at March 13, 2023 (1) $ 771,345 Net income attribution post-IPO 39,303 $ 0.15 /unit distribution to Atlas Sand Operating, LLC unitholders ( 6,428 ) Other distributions to redeemable non-controlling interest unitholders ( 1,777 ) Balance at June 30, 2023 $ 802,443 (1) Based on the Operating Units held by the Legacy Owners who also hold 42,852,499 shares of Class B common stock and a Class A common stock price of $ 18.00 on the date on which we consummated the IPO.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 10 – Stock-Based Compensation Long Term Incentive Plan On March 8, 2023, we adopted the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan (the “LTIP”) for the benefit of employees, directors and consultants of the Company and its affiliates. The LTIP provides for the grant of all or any of the following types of awards: (1) incentive stock options qualified as such under U.S. federal income tax laws; (2) stock options that do not qualify as incentive stock options; (3) stock appreciation rights; (4) restricted stock awards; (5) restricted stock units (“RSUs”); (6) bonus stock; (7) dividend equivalents; (8) other stock-based awards; (9) cash awards; and (10) substitute awards. The shares to be delivered under the LTIP may be made available from (i) authorized but unissued shares, (ii) shares held as treasury stock or (iii) previously issued shares reacquired by us, including shares purchased on the open market. Subject to adjustment in accordance with the terms of the LTIP, 10,270,000 shares of Class A common stock have been reserved for issuance pursuant to awards under the LTIP. If an award under the LTIP is forfeited, settled for cash or expires without the actual delivery of shares, any shares subject to such award will again be available for new awards under the LTIP. The LTIP will be administered by the Compensation Committee of the Board (the “Compensation Committee”). On June 30, 2023, 9,507,255 shares of Class A common stock were available for future grants. We account for the awards granted under the LTIP as compensation cost measured at the fair value of the award on the date of grant. Restricted Stock Unit s RSUs represent the right to receive shares of Class A common stock at the end of the vesting period in an amount equal to the number of RSUs that vest. The granted RSUs vest and become exercisable with respect to employees in three equal installments starting on the first anniversary of the date of grant and, with respect to directors, on the one-year anniversary of the date of grant, so long as the participant either remains continuously employed or continues to provide services to Board, as applicable. The RSUs are subject to restrictions on transfer and are generally subject to a risk of forfeiture if the award recipient ceases providing services to the Company prior to the date the award vests. If the participant’s employment with or service to the Company is terminated for cause or without good reason prior to the vesting of all of the RSUs, and unless such termination is a “Qualifying Termination” or due to a “Change in Control” as defined in the applicable restricted stock unit agreement, any unvested RSUs will generally terminate automatically and be forfeited without further notice and at no cost to the Company. In the event the Company declares and pays a dividend in respect of its outstanding shares of common stock and, on the record date for such dividend, the participant holds RSUs that have not been settled, we will record the amount of such dividend in a bookkeeping account and pay to the participant an amount in cash equal to the cash dividends the participant would have received if the participant was the holder of record, as of such record date, of a number of shares of common stock equal to the number of RSUs held by the participant that had not been settled as of such record date, such payment to be made on or within 60 days following the date on which such RSUs vest. The stock-based compensation expense of such RSUs was determined using the closing prices on March 13, 2023 and May 22, 2023, the dates of grant, of $ 15.99 and $ 17.72 applied to the total number of 260,722 and 28,217 RSUs granted, respectively. We account for forfeitures as they occur. We recognized stock-based compensation related to RSUs of $ 0.7 million and $ 0.8 million for the three and six months ended June 30, 2023, respectively. C hanges in non-vested RSUs outstanding under the LTIP during the three months ended June 30, 2023 were as follows: Number of Units Weighted Average Non-vested at December 31, 2022 — $ — Granted 288,939 $ 16.16 Vested ( 16,944 ) $ 15.99 Forfeited — $ — Non-vested at June 30, 2023 271,995 $ 16.17 There was approximately $ 3.8 million of unrecognized compensation expense relating to outstanding RSUs as of June 30, 2023. The unrecognized compensation expense will be recognized on a straight-line basis over the weighted average remaining vesting period of 1.6 years. Performance Share Units Performance Share Units (“PSUs”) represent the right to receive one share of Class A common stock multiplied by the number of PSUs that become earned, and the number of PSUs that may vest range from 0 % to 200 % of the Target PSUs (as defined in the Performance Share Unit Grant Agreement governing the PSUs (the “PSU Agreement”)), subject to the Compensation Committee’s discretion to increase the ultimate number of vested PSUs above the foregoing maximum level. Each PSU also includes a tandem dividend equivalent right, which is a right to receive an amount equal to the cash dividends made with respect to a share of common stock during the Performance Period (as defined in the PSU Agreement), which will be adjusted to correlate to the number of PSUs that ultimately become vested pursuant to the PSU Agreement. 490,167 PSUs (based on target) were granted on March 13, 2023 (the “2023 PSUs”). The Performance Goals (as defined in the PSU Agreement) for the 2023 PSUs are based on a combination of Return on Capital Employed (“ROCE”) and “Relative TSR” (each, as defined in the PSU Agreement), with 25% weight applied to ROCE and 75% weight applied to Relative TSR, each as measured during the three-year Performance Period ending December 31, 2025. The vesting level is calculated based on the actual total stockholder return achieved during the Performance Period. The fair value of such PSUs was determined using a Monte Carlo simulation and will be recognized over the applicable Performance Period. The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award to calculate the fair value of the award. Expected volatilities in the model were estimated using a historical period consistent with the Performance Period of approximately three years. The risk-free interest rate was based on the United States Treasury rate for a term commensurate with the expected life of the grant. We recognized stock-based compensation related to PSUs of $ 0.9 million and $ 1.1 million for the three and six months ended June 30, 2023. Changes in non-vested PSUs outstanding under the LTIP during the three months ended June 30, 2023 were as follows: Number of Units Weighted Average Non-vested at December 31, 2022 — $ — Granted 490,167 $ 20.19 Vested ( 584 ) $ 20.19 Forfeited ( 16,360 ) $ 20.19 Non-vested at June 30, 2023 473,223 $ 20.19 There was approximately $ 8.5 million of unrecognized compensation expense relating to outstanding PSUs as of June 30, 2023. The unrecognized compensation expense will be recognized on a straight-line basis over the weighted average remaining vesting period of 2.5 years. Atlas LLC Incentive Plan and ASMC Incentive Plan Prior to the IPO closing date, the Company recognized unit-based compensation expense for awards granted under two long-term incentive plans, the Atlas Sand Management Company, LLC Long-Term Incentive Plan (the “ASMC Plan”) and the Atlas Sand Company, LLC Long-Term Incentive Plan (the “ASCo Plan”). The ASMC Plan was adopted on September 15, 2017, by ASMC for officers, employees, directors, managers and consultants of ASMC (the “ASMC Participants”). The ASCo Plan was adopted by Atlas LLC on December 15, 2017, for officers, employees, directors, managers, consultants or other advisors of Atlas LLC (the “ASCo Participants”). On May 28, 2018, Atlas LLC adopted the Atlas Sand Company, LLC Amended and Restated Long-Term Incentive Plan that reduced the authorized available awards to be issued under the ASCo Plan from 149,425 to 100,000 . The ASCo Plan consists of equity grants of Class P units made to ASCo Participants at the discretion of the plan administrator. Pursuant to the terms of the ASCo Plan, to the extent that an award is canceled, any and all Class P units that are canceled and repurchased will be available again for new awards under the ASCo Plan. The Company has applied the guidance of FASB Interpretation 44, which establishes an accounting model whereby equity awards granted by a parent company to employees of a subsidiary are recognized in the financial statements of the subsidiary. A summary of Atlas LLC’s Class P unit activity is as follows: Number of Class Weighted Average Non-vested at December 31, 2022 3,533 $ 151.57 Granted — $ — Vested ( 3,533 ) $ 151.57 Forfeited — $ — Non-vested at June 30, 2023 — $ — We account for each tranche of the unit awards as compensatory awards in accordance with ASC 718, and as such, compensation expense is recognized over the service condition vesting period based on the grant date fair values using a graded vesting methodology. To determine grant date fair value, we valued these unit awards utilizing a Monte Carlo option pricing model, to take into consideration the probability of a market condition on being met. This methodology involves making assumptions for the expected time to liquidity, volatility and risk-free rate. We estimated expected volatility based on a 50/50 blend of historical and implied volatility. The risk-free interest rate is based on the yield on U.S. government bonds for a period commensurate with the expected term. The expected term is based on time to the expected exit date as of the valuation date based on the probability weighted average of exit scenario terms. We applied a discount to reflect the lack of marketability due to the absence of an active market for its units. Further, we assumed no expected dividend yield. For the three and six months ended June 30, 2023, we recognized no unit-based compensation expense related to awards in the ASCo Plan and $ 0.2 million of unit-based compensation expense related to awards in the ASCo Plan, respectively, as compared to $ 0.1 million and $ 0.3 million for the three and six months ended June 30, 2022, respectively. For the three and six months ended June 30, 2023, the Company recognized no unit-based compensation expense related to awards in the ASMC Plan and $ 0.1 million of unit-based compensation expense related to awards in the ASMC Plan, respectively, as compared to $ 0.1 million and $ 0.1 million for the three and six months ended June 30, 2022, respectively. As of June 30, 2023, there were no unrecognized unit-based compensation expense amounts related to the ASCo Plan and ASMC Plan.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings per Share	Note 11 – Earnings per Share Basic earnings per share (“EPS”) measures the performance of an entity over the reporting period. Diluted earnings per share measures the performance of an entity over the reporting period while giving effect to all potentially dilutive common shares that were outstanding during the period. Atlas Inc. uses the treasury stock method to determine the potential dilutive effect of vesting of its outstanding RSUs and PSUs. Atlas Inc. does not use the two-class method as the Class B common stock, the unvested RSUs, and PSU awards are nonparticipating securities. The issuance of Class A common stock in exchange for Operating Units held by the Legacy Owners (and their corresponding shares of Class B common stock) will not have a dilutive effect on EPS and was not recognized in dilutive earnings per share calculations as of June 30, 2023. Please see Note 2 - Summary of Significant Accounting Policies -Earnings Per Share for more information. There were no shares of Class A or Class B common stock outstanding for the three and six months ended June 30, 2022, and therefore no earnings per share information has been presented for that period. For the three and six months ended June 30, 2023, Atlas Inc.’s EPS calculation includes only its share of net income for the period subsequent to the IPO, and omits income prior to the IPO. In addition, the basic weighted average shares outstanding calculation is based on the actual days during which the shares were outstanding date of our IPO through June 30, 2023. The following table reflects the allocation of net income to common stockholders and EPS computations for the period indicated based on a weighted average number of shares of common stock outstanding for the period: Three Months Ended Six Months Ended June 30, June 30, 2023 2023 Numerator: Net income $ 71,211 $ 134,116 Less: Pre-IPO net income attributable to Atlas Sand Company, LLC - 54,561 Less: Net income attributable to redeemable noncontrolling interest 32,693 39,303 Net income attributable to Atlas Energy Solutions, Inc. $ 38,518 $ 40,252 Denominator: Basic weighted average shares outstanding 57,148 57,148 Dilutive potential of restricted stock units 272 272 Diluted weighted average shares outstanding (1) $ 57,420 $ 57,420 Basic EPS attributable to Class A stockholders $ 0.67 $ 0.70 Diluted EPS attributable to Class A stockholders (1) $ 0.67 $ 0.70 (1) Shares of Class A common stock issued in exchange for Operating Units do not have a dilutive effect on EPS and were not included in the EPS calculation. As of June 30, 2023, there were 473,223 shares related to PSUs (based on target) that could vest in the future based on predetermined performance goals. These units were not included in the computation of EPS for the three months ended June 30, 2023, because the performance goals had not been met, assuming the end of the reporting period was the end of the contingency period.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 – Income Taxes The Company’s predecessor, Atlas LLC, is a limited liability company that elected to be treated as a partnership for income tax purposes and, therefore, is not subject to U.S. federal income tax. Rather, the U.S. federal income tax liability with respect to the taxable income of Atlas LLC is passed through to its owners. However, Atlas LLC’s operations located in Texas are subject to an entity-level tax, the Texas margin tax, at a statutory rate of up to 0.75 % of income that is apportioned to Texas. The tax expense or benefit associated with the interim period is computed using the most recent estimated tax rate applied to the year-to-date revenues less cost of sales. Atlas Inc. is a corporation and is subject to U.S. federal, state and local income taxes. In March 2023, Atlas Inc. completed its initial public offering of 18,000,000 shares of Class A common stock at a price to the public of $ 18.00 per share. The tax implications of the Reorganization, the IPO and the tax impact of Atlas Inc.’s status as a taxable corporation subject to U.S. federal income tax have been reflected in the accompanying Financial Statements. On March 13, 2023, the date on which we closed the IPO, a corresponding deferred tax liability of approximately $ 27.5 million was recorded associated with the differences between the tax and book basis of the investment in Atlas LLC. The offset of the deferred tax liability was recorded to additional paid-in capital. The effective combined U.S. federal and state income tax rate for the three and six months ended June 30, 2023 was 8.7 %. During the three and six months ended June 30, 2023, we recognized an income tax expense of $ 5.1 million and $ 12.7 million, respectively. Total income tax expense for the three and six months ended June 30, 2023 differed from amounts computed by applying the U.S. federal statutory tax rate of 21 % due to the net income attributable to Atlas LLC prior to the date of our IPO, net income attributable to noncontrolling interest subsequent to the IPO, and state taxes (net of the anticipated federal benefit). During the three and six months ended June 30, 2022, we recognized an income tax expense of $ 0.6 million and $ 0.8 million, respectively.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	Note 13 – Related-Party Transactions Brigham Oil & Gas, LLC Atlas LLC has sold proppant to a customer, Brigham Oil & Gas, LLC (“Brigham Oil & Gas”), which is controlled by our Executive Chairman and Chief Executive Officer, Bud Brigham. For the three and six months ended June 30, 2023 and 2022, the Company made no sales to this related party. As of June 30, 2023 and December 31, 2022, we had no outstanding accounts receivable and $ 0.9 million outstanding accounts receivable with Brigham Oil & Gas, respectively. Brigham Land Management LLC Brigham Land Management LLC (“Brigham Land”) provides us with landman services for certain of our projects and initiatives. The services are provided on a per hour basis at market prices. Brigham Land is owned and controlled by Vince Brigham, an advisor to the Company and the brother of our Executive Chairman and Chief Executive Officer, Bud Brigham. For the three and six months ended June 30, 2023, we made aggregate payments to Brigham Land equal to approximately $ 0.3 million and $ 0.5 million, respectively. For the three and six months ended June 30, 2022, we made aggregate payments to Brigham Land equal to approximately $ 0.2 million and $ 0.5 million, respectively. As of June 30, 2023 and December 31, 2022, our outstanding accounts payable to Brigham Land was $ 0.1 million and $ 0.1 million, respectively. Brigham Earth, LLC Brigham Earth, LLC (“Brigham Earth”) provides us with professional and consulting services as well as access to certain information and software systems. Brigham Earth is owned and controlled by our Executive Chairman and Chief Executive Officer, Bud Brigham. For the three and six months ended June 30, 2023, we made aggregate payments to Brigham Earth for these services equal to approximately $ 0.1 million and $ 0.2 million, respectively. For the three and six months ended June 30, 2022, we made aggregate payments to Brigham Earth for these services equal to approximately $ 0.2 million and $ 0.4 million, respectively. As of June 30, 2023 and December 31, 2022, we had no outstanding accounts payable and $ 0.1 million outstanding accounts payable to Brigham Earth, respectively. Anthem Ventures, LLC Anthem Ventures, LLC (“Anthem Ventures”) provides us with transportation services. Anthem Ventures is owned and controlled by our Executive Chairman and Chief Executive Officer, Bud Brigham. For the three and six months ended June 30, 2023, we made aggregate payments to Anthem Ventures for these services equal to approximately $ 0.1 million and $ 0.2 million, respectively. For the three and six months ended June 30, 2022, we made de minimis aggregate payments to Anthem Ventures for these services. As of June 30, 2023 and December 31, 2022, we had $ 0.1 million outstanding accounts payable and no outstanding accounts payable balance with Anthem Ventures. In a Good Mood In a Good Mood, LLC (“In a Good Mood”) provides the Company with access, at cost, to reserved space in the Moody Center in Austin, Texas for concerts, sporting events and other opportunities as a benefit to our employees and for business entertainment. In a Good Mood is owned and controlled by our Executive Chairman and Chief Executive Officer, Bud Brigham. For the three and six months ended June 30, 2023 and 2022, we made de minimis aggregate payments to In a Good Mood for these services. As of June 30, 2023 and December 31, 2022, we did not have an outstanding accounts payable balance with this related party. Permian Dunes Holding Company, LLC Refer to Note 7 – Commitments and contingencies for disclosures related to the Company’s royalty agreement and mining agreement with Permian Dunes Holding Company, LLC, a related party. Reorganization Refer to Note 1 – Business and Organization for disclosures related to the Company’s transactions with affiliates including entities controlled by Bud Brigham. Registration Rights Agreement In connection with the closing of the IPO, we entered into a registration rights agreement with certain Legacy Owners covering, in the aggregate, approximately 38.4 % of our Class A and Class B common stock on a combined basis. The agreement includes provisions by which we agree to register under the U.S. federal securities laws the offer and resale of shares of our Class A common stock (including shares issued in connection with any redemption of Operating Units pursuant to the Redemption Right or the Call Right) by such Legacy Owners or certain of their respective affiliates or permitted transferees under the registration rights agreement. These registration rights will be subject to certain conditions and limitations. We will generally be obligated to pay all registration expenses in connection with these registration obligations, regardless of whether a registration statement is filed or becomes effective. Stockholders’ Agreement In connection with the closing of the IPO, we entered into a stockholders’ agreement with certain of our Legacy Owners (the “Principal Stockholders”). Among other things, the stockholders’ agreement provides our Executive Chairman and Chief Executive Officer, Bud Brigham, the right to designate a certain number of nominees for election or appointment to our Board as described below according to the percentage of Class A and Class B common stock (taken together as a single class) held by such Principal Stockholders. Pursuant to the stockholders’ agreement, we will be required to take all necessary actions, to the fullest extent permitted by applicable law (including with respect to any fiduciary duties under Delaware law), to cause the election or appointment of the nominees designated by Mr. Brigham or his affiliates, and each of the Principal Stockholders will agree to cause its respective shares of Class A and Class B common stock to be voted in favor of the election of each of the nominees designated by Mr. Brigham or his affiliates. Mr. Brigham or his affiliates will be entitled to designate the replacement for any of his respective board designees whose board service terminates prior to the end of such director’s term. In addition, the stockholders’ agreement provides that for so long as Mr. Brigham or any of his affiliates is entitled to designate any members of our Board, we will be required to take all necessary actions to cause each of the audit committee, compensation committee and nominating and governance committee of our Board to include in its membership at least one director designated by Mr. Brigham or his affiliates, except to the extent that such membership would violate applicable securities laws or stock exchange rules. Furthermore, so long as the Principal Stockholders collectively beneficially own at least a majority of the outstanding shares of our Class A and Class B common stock (taken together as a single class), we have agreed not to take, and will cause our subsidiaries not to take, the following actions (or enter into an agreement to take such actions) without the prior consent of Mr. Brigham or his affiliates, subject to certain exceptions: • adopting or proposing any amendment, modification or restatement of or supplement to our certificate of incorporation or bylaws; • increasing or decreasing the size of our Board; or • issuing any equity securities that will rank senior to our Class A and Class B common stock as to voting rights, dividend rights or distributions rights upon liquidation, winding up or dissolution of the Company. For more information, please see the section titled “Certain Relationships and Related Party Transactions—Stockholders’ Agreement” in our Final Prospectus. Up-C Simplification Refer to Note 8 – Stockholders Equity for disclosures related to the Company’s Up-C Simplification.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements (the “Financial Statements”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and SEC requirements. All adjustments necessary for a fair presentation of the Financial Statements have been included. Such adjustments are of a normal, recurring nature. These condensed consolidated financial statements include the accounts of Atlas Inc., New Atlas HoldCo Inc., Atlas Operating, Atlas LLC, and Atlas LLC’s wholly owned subsidiaries: Atlas Sand Employee Company, LLC; Atlas OLC Employee Company, LLC; Atlas Construction Employee Company, LLC; Atlas Sand Employee Holdings, LLC; Fountainhead Logistics Employee Company, LLC; Atlas Sand Construction, LLC; OLC Kermit, LLC; and OLC Monahans, LLC; Fountainhead Logistics, LLC; and Fountainhead Transportation Services, LLC. The results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any other period. The Financial Statements and these notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2022 included within the Company’s Final Prospectus. As discussed in Note 1 - Business and Organization , as a result of our IPO and the Reorganization, Atlas Inc. is the managing member of Atlas Operating and consolidates entities in which it has a controlling financial interest. The Reorganization was considered a transaction between entities under common control. As a result, the financial statements for periods prior to our IPO and the Reorganization have been adjusted to combine the previously separate entities for presentation purposes. However, Atlas Inc. and Atlas Operating had no operations or assets and liabilities prior to our IPO. As such, for periods prior to the completion of our IPO, the consolidated financial statements represent the historical financial position and results of operations of Atlas LLC and its subsidiaries. For periods after the completion of our IPO, the financial position and results of operations include those of Atlas Inc. and report the redeemable noncontrolling interest related to the portion of Operating Units not owned by Atlas Inc.
Consolidation	Consolidation The Financial Statements include the accounts of the Company and controlled subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of the Financial Statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates used in the preparation of these Financial Statements include, but are not limited to: the sand reserves and their impact on calculating the depletion expense under the units-of-production method; the depreciation and amortization associated with property, plant and equipment; stock and unit-based compensation; spare parts inventory reserve; collectability of receivables; certain liabilities; and income tax expense. We base estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents consist of all highly liquid investments that are readily convertible into cash and have original maturities of three months or less when purchased. As of June 30, 2023, we have deposits of $ 109.3 million in an Insured Cash Sweep (“ICS”) Deposit Placement Agreement within IntraFi Network LLC facilitated by our bank. The ICS program provides the Company with access to FDIC insurance for our total cash held within the ICS. We had an additional $ 170.5 million in 2-month and 3-month United States Treasury Bills which are fully backed by the United States as of June 30, 2023. We place our remaining cash deposits with high-credit-quality financial institutions. At times, a portion of our cash may be uninsured or in deposit accounts that exceed or are not covered under the Federal Deposit Insurance Corporation limit.
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit Losses Accounts receivable are recorded at cost when earned and represent claims against third parties that will be settled in cash. These receivables generally do not bear interest. The carrying value of our receivables, net of allowance for credit losses, represents the estimated collectable amount. If events or changes in circumstances indicate specific receivable balances may be impaired, further consideration is given to our ability to collect those balances and the allowance is adjusted accordingly. We perform credit evaluations of new customers and sometimes require deposits and prepayments, to mitigate credit risk. When it is probable that all or part of an outstanding balance will not be collected, we establish an allowance for credit losses. On January 1, 2023, we adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments, which replaced the prior incurred loss impairment model with an expected credit loss impairment model for financial instruments, including accounts receivable. The adoption of ASU 2016-13 did not result in a material cumulative-effect adjustment to retained earnings on January 1, 2023. We are exposed to credit losses primarily through sales of products and services. We analyze accounts receivable on an individual customer and overall basis through review of historical collection experience and current aging status of our customer accounts. We also consider the financial condition and economic environment of our customers in evaluating the need for an allowance. During the three and six months ended June 30, 2023, we recognized de minimis allowance for credit losses. As of June 30, 2023 and December 31, 2022, we had de minimis allowance for credit losses, which is included in accounts receivable on the condensed consolidated balance sheets. As of June 30, 2023, two customers represented 19 % and 10 % of our outstanding accounts receivable balance. As of December 31, 2022, two customers represented 19 % and 13 % of our outstanding accounts receivable balance, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. The amounts reported in the balance sheets as current assets or liabilities, including cash and cash equivalents, accounts receivable, spare parts inventories, inventories, prepaid expenses and other current assets, accounts payable, accrued liabilities and deferred revenues approximate fair value due to the short-term maturities of these instruments. As of the dates indicated, our long-term debt consisted of the following (in thousands): At June 30, 2023 At December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value Valuation Technique Financial liabilities Outstanding principal amount of the 2021 Term Loan Credit Facility $ 130,947 $ 130,384 $ 147,174 $ 146,837 Level 2 – Market Approach Our credit agreement with Stonebriar Commercial Finance LLC (“Stonebriar”) pursuant to which Stonebriar extended a $ 180.0 million single advance six-year term loan credit facility (the "2021 Term Loan Credit Facility") bears interest at a fixed rate of 8.47 %, where its fair value will fluctuate based on changes in interest rates and credit quality. As of June 30, 2023 and December 31, 2022, the fair value of long-term debt has been determined by discounting the future cash flows using current market interest rates for similar financial instruments. These inputs are not quoted prices in active markets, but they are either directly or indirectly observable; therefore, they are classified as Level 2 inputs. See Note 6 - Debt for discussion of the credit agreement governing the 2021 Term Loan Credit Facility.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based compensation, including grants of incentive units, restricted stock awards, time-based restricted stock units and performance share units, under the measurement and recognition provisions of Accounting Standards Codification (“ASC”) 718, Compensation – Stock Compensation (“ASC 718”). We account for stock and unit-based compensation by amortizing the fair value of the units, which is determined at the grant date, on a straight-line basis unless the tranche method is required. We account for forfeitures as they occur and reverse any previously recognized stock or unit-based compensation expense for the unvested portion of the awards that were forfeited.
Earnings Per Share	Earnings Per Share We use the treasury stock method to determine the potential dilutive effect of outstanding restricted stock units and performance share units. We evaluated the potential dilutive effect of Class B common stock using the “if-converted” method, noting conversion of Class B common stock to Class A common stock will not have a dilutive impact to earnings per share. Each share of Class B common stock is issued in conjunction with and only as a consequence of the issuance by Atlas Operating of an Operating Unit to a securityholder other than the Company. Atlas Inc. is a holding company the only assets of which are equity interests in Atlas Operating. The earnings of Atlas Operating per unit are attributable to the Company and the other Legacy Owners, as the holders of the outstanding Operating Units. Because each holder of Operating Units other than the Company also holds one share of Class B common stock, and because the Company consolidates the results of operations of Atlas Operating, the earnings per Operating Unit attributable to the Legacy Owners are derivatively attributable to the corresponding shares of Class B common stock held by such Legacy Owners. For that reason, if and when a Legacy Owner determines to exercise its Redemption Right (as defined below in Note 8 - Stockholders' Equity ) and exchange an Operating Unit (and corresponding share of Class B common stock), and if Atlas Operating or the Company determines to issue a share of Class A common stock in exchange for such Operating Unit (and corresponding share of Class B common stock), there would not be a dilutive impact to the earnings per share of the Class A common stock. As a result of the IPO, the presentation of earnings per share for the periods prior to the IPO is not meaningful and only earnings per share for periods subsequent to the IPO are presented herein. See Note 11 – Earnings Per Share for additional information.
Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interest We account for the Legacy Owners’ 42.9 % economic interest in Atlas Operating through ownership of Operating Units as redeemable noncontrolling interest. The redeemable noncontrolling interest is recognized at the higher of (1) its initial fair value plus accumulated earnings associated with the redeemable noncontrolling interest or (2) the redemption value as of the balance sheet date. At June 30, 2023, the redeemable noncontrolling interest was recorded based on its initial fair value plus accumulated income associated with the redeemable noncontrolling interest as this amount was higher than the redemption value of $ 726.8 million at June 30, 2023. The redemption amount is based on the 10-day volume-weighted average closing price of shares of Class A common stock at the end of the reporting period. Changes in the redemption value are recognized immediately as they occur, as if the end of the reporting period was also the redemption date for the instrument, with an offsetting entry to retained earnings, or additional paid-in capital in the absence of retained earnings. For more information, refer to Note 9 - Redeemable Noncontrolling Interest.
IncomeTaxes	Income Taxes Atlas Inc. is a corporation and it is subject to U.S. federal, state and local income taxes. The tax implications of the Reorganization referenced in Note 1 - Business and Organization and the tax impact of the Company’s status as a taxable corporation subject to U.S. federal, state and local income taxes have been reflected in the accompanying Financial Statements. Atlas Inc. accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled pursuant to the provisions of ASC 740, Income Taxes. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in earnings in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts more likely than not to be realized. Atlas Inc. computes its quarterly taxes under the effective tax rate method based on applying an anticipated annual effective rate to its year-to-date income, except for discrete items. Income taxes for discrete items are computed and recorded in the period that the specific transaction occurs. Atlas LLC, the Company’s predecessor, was organized as a limited liability company. As a limited liability company, Atlas LLC elected to be treated as a partnership for income tax purposes and, therefore, is not subject to U.S. federal income tax. Rather, the U.S. federal income tax liability with respect to the taxable income of our predecessor was passed through to its owners. We evaluate the uncertainty in tax positions taken or expected to be taken in the course of preparing the condensed consolidated financial statements to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. However, the conclusions regarding the evaluation are subject to review and may change based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. As of June 30, 2023 and December 31, 2022, we did no t have any liabilities for uncertain tax positions or gross unrecognized tax benefits. Our income tax returns from 2018, 2019, 2020, 2021 and 2022 are open to examinations by U.S. federal, state or local tax authorities. We cannot predict or provide assurance as to the ultimate outcome of any existing or future examinations.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Rate Reform – In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. In December 2022, FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU 2022-06 amended ASU 2020-04 and deferred the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. As described in Note 6 - Debt, our previous asset-based loan credit facility (the “2018 ABL Credit Facility”) was terminated on February 22, 2023. The 2018 ABL Credit Facility was our only material agreement affected by reference rate reform as of June 30, 2023. We will continue to evaluate the impact of this standard on the Financial Statements and do not believe it will have a material impact on the Financial Statements. Financial Instruments – In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326), which amended the guidance on the impairment of financial instruments. The standard added an impairment model, referred to as current expected credit loss, which is based on expected losses rather than incurred losses. The standard applies to most debt instruments, trade receivables, lease receivables, reinsurance receivables, financial guarantees and loan commitments. Under the guidance, companies are required to disclose credit quality indicators disaggregated by year of origination for a five-year period. In May 2019, ASU 2016-13 was subsequently amended by ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, ASU 2019-05, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief. The new guidance became effective for fiscal years beginning after December 15, 2022. We adopted ASU 2016-13 on January 1, 2023. ASU 2016-13 was applied using a modified retrospective approach, with a cumulative-effect adjustment to the opening balance of retained earnings as of the adoption date. We analyzed trade accounts receivable on an individual customer and overall basis through review of historical collection experience and current aging status of our customer accounts. We also consider the financial condition and economic environment of our customers in evaluating the need for an allowance. There was no material cumulative impact of adoption in the opening balance of retained earnings as of January 1, 2023. See Accounts Receivable and Allowance for Credit Losses discussed within this Note.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Fair Values and Carrying Values of Long-Term Debt	As of the dates indicated, our long-term debt consisted of the following (in thousands): At June 30, 2023 At December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value Valuation Technique Financial liabilities Outstanding principal amount of the 2021 Term Loan Credit Facility $ 130,947 $ 130,384 $ 147,174 $ 146,837 Level 2 – Market Approach

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory, Net [Abstract]
Schedule of Inventories	Inventories consisted of the following (in thousands): June 30, 2023 December 31, 2022 Raw materials $ 343 $ 290 Work-in-process 2,646 4,825 Finished goods 312 499 Inventories $ 3,301 $ 5,614

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Components of Property, Plant and Equipment, Net	Property, plant and equipment, net, consisted of the following (in thousands): June 30, 2023 December 31, 2022 Plant facilities associated with productive, depletable properties $ 243,618 $ 243,613 Plant equipment 270,493 251,122 Land 3,009 3,009 Furniture and office equipment 1,871 1,407 Computer and network equipment 1,648 1,648 Buildings and leasehold improvements 30,003 25,402 Logistics equipment 6,771 1,591 Construction in progress 255,654 111,711 Property, plant and equipment 813,067 639,503 Less: Accumulated depreciation and depletion ( 113,049 ) ( 97,979 ) Property, plant and equipment, net $ 700,018 $ 541,524

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Cost	The components of lease cost were as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Finance lease cost: Amortization of right-of-use assets $ 1,973 $ 255 $ 3,440 $ 456 Interest on lease liabilities 822 69 1,397 119 Operating lease cost 272 227 534 612 Variable lease cost 87 159 298 342 Short-term lease cost 6,571 2,261 12,362 3,390 Total lease cost $ 9,725 $ 2,971 $ 18,031 $ 4,919
Schedule of Supplemental Cash Flow and Other Information Related to Leases	Supplemental cash flow and other information related to leases were as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 289 $ 285 $ 575 $ 726 Operating cash outflows from finance leases $ 822 $ 70 $ 1,397 $ 119 Financing cash outflows from finance leases $ 962 $ 218 $ 1,700 $ 393 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 559 $ — $ 559 $ 5,384 Finance leases $ 13,274 $ — $ 20,876 $ 3,951
Schedule of Lease Terms and Discount Rates	Lease terms and discount rates as of June 30, 2023 and December 31, 2022 are as follows: June 30, 2023 December 31, 2022 Weighted-average remaining lease term: Operating leases 4.1 years 4.5 years Finance leases 5.1 years 5.3 years Weighted-average discount rate: Operating leases 4.7 % 4.3 % Finance leases 9.4 % 9.4 %
Schedule of Future Minimum Lease Commitments of Operating and Finance Leases Liabilities	Future minimum lease commitments as of June 30, 2023 are as follows (in thousands): Finance Operating Remainder of 2023 $ 5,089 $ 737 2024 10,255 1,443 2025 10,168 1,474 2026 10,168 1,414 2027 6,458 815 Thereafter 7,689 11 Total lease payments 49,827 5,894 Less imputed interest 10,497 527 Total $ 39,330 $ 5,367
Schedule Of Supplemental Balance Sheet Related To Lease	Supplemental balance sheet information related to our leases as of June 30, 2023 and December 31, 2022 was as follows (in thousands): Classification June 30, 2023 December 31, 2022 Operating Leases Current operating lease liabilities Other current liabilities $ 1,205 $ 1,082 Noncurrent operating lease liabilities Other long-term liabilities $ 4,162 $ 4,287 Finance Leases Current finance lease liabilities Other current liabilities $ 6,851 $ 3,213 Noncurrent finance lease liabilities Other long-term liabilities $ 32,479 $ 16,942

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Components of Debt	Debt consists of the following (in thousands): June 30, 2023 December 31, 2022 Term Loan Credit Facility $ 132,422 $ 148,995 Less: Debt discount, net of accumulated amortization of $ 785 and $ 546 , respectively ( 1,015 ) ( 1,254 ) Less: Deferred financing fees, net of accumulated amortization of $ 356 and $ 248 respectively ( 460 ) ( 567 ) Less: Current portion (a) ( 29,746 ) ( 20,586 ) Long-term debt $ 101,201 $ 126,588 (a) The current portion of long-term debt reflects payments based on the terms of the 2021 Term Loan Credit Facility.

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Summary of Adjustments to the Value of Redeemable Noncontrolling Interest	From the date of the IPO through June 30, 2023, we recorded adjustments to the value of our redeemable noncontrolling interest as presented in the table below: Redeemable Noncontrolling Interest Balance at March 13, 2023 (1) $ 771,345 Net income attribution post-IPO 39,303 $ 0.15 /unit distribution to Atlas Sand Operating, LLC unitholders ( 6,428 ) Other distributions to redeemable non-controlling interest unitholders ( 1,777 ) Balance at June 30, 2023 $ 802,443 (1) Based on the Operating Units held by the Legacy Owners who also hold 42,852,499 shares of Class B common stock and a Class A common stock price of $ 18.00 on the date on which we consummated the IPO.

Stock-Based Compensations (Tabl

Stock-Based Compensations (Tables)	6 Months Ended
	Jun. 30, 2023
Restricted Stock Units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Summary of Nonvested Stock Shares Activity	C hanges in non-vested RSUs outstanding under the LTIP during the three months ended June 30, 2023 were as follows: Number of Units Weighted Average Non-vested at December 31, 2022 — $ — Granted 288,939 $ 16.16 Vested ( 16,944 ) $ 15.99 Forfeited — $ — Non-vested at June 30, 2023 271,995 $ 16.17
Performance Share Units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Summary of Nonvested Stock Shares Activity	Changes in non-vested PSUs outstanding under the LTIP during the three months ended June 30, 2023 were as follows: Number of Units Weighted Average Non-vested at December 31, 2022 — $ — Granted 490,167 $ 20.19 Vested ( 584 ) $ 20.19 Forfeited ( 16,360 ) $ 20.19 Non-vested at June 30, 2023 473,223 $ 20.19
Class P unit
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Summary of Nonvested Stock Shares Activity	A summary of Atlas LLC’s Class P unit activity is as follows: Number of Class Weighted Average Non-vested at December 31, 2022 3,533 $ 151.57 Granted — $ — Vested ( 3,533 ) $ 151.57 Forfeited — $ — Non-vested at June 30, 2023 — $ —

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reflects the allocation of net income to common stockholders and EPS computations for the period indicated based on a weighted average number of shares of common stock outstanding for the period: Three Months Ended Six Months Ended June 30, June 30, 2023 2023 Numerator: Net income $ 71,211 $ 134,116 Less: Pre-IPO net income attributable to Atlas Sand Company, LLC - 54,561 Less: Net income attributable to redeemable noncontrolling interest 32,693 39,303 Net income attributable to Atlas Energy Solutions, Inc. $ 38,518 $ 40,252 Denominator: Basic weighted average shares outstanding 57,148 57,148 Dilutive potential of restricted stock units 272 272 Diluted weighted average shares outstanding (1) $ 57,420 $ 57,420 Basic EPS attributable to Class A stockholders $ 0.67 $ 0.70 Diluted EPS attributable to Class A stockholders (1) $ 0.67 $ 0.70 (1) Shares of Class A common stock issued in exchange for Operating Units do not have a dilutive effect on EPS and were not included in the EPS calculation.

Business and Organization (Deta

Business and Organization (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Mar. 13, 2023	Jun. 30, 2023	Dec. 31, 2022
Net proceeds	$ 291,200
Deferred tax liability arising from the IPO	27,500	$ (27,537)
Legacy Owners [Member]
Economic interest		57.10%
Operating interest percentage		42.90%
Operating interest		57.10%
Atlas LLC
Percentage of voting power		82%
Atlas LLC | Legacy Owners [Member]
Economic interest		68.50%
Operating interest		68.50%
Common Class A [Member]
Common stock, par value		$ 0.01
Shares issued price per share		$ 18
Common stock, shares issued		57,147,501
Common Class A [Member] | Atlas LLC
Common stock, shares issued		39,147,501,000
Common Class B [Member]
Common stock, par value		$ 0.01
Common stock, shares issued		42,852,499
Common Class B [Member] | Atlas LLC
Common stock, par value		$ 0.01
Common stock, shares issued		42,852,499,000
Common Stock [Member] | Common Class A [Member]
Issuance of common stock in IPO, net of offering costs, Shares		18,000,000
Common Stock [Member] | Common Class A [Member] | Atlas LLC
Shares issued		1,000,000
IPO [Member]
Gross proceeds	$ 324,000
Underwriting discounts and commissions		$ 20,600
Offering costs		$ 5,900	$ 6,300
IPO [Member] | Common Class A [Member]
Issuance of common stock in IPO, net of offering costs, Shares	18,000,000	18,000,000
Common stock, par value	$ 0.01
Shares issued price per share	$ 18	$ 18

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Oct. 20, 2021
Redeemable noncontrolling interest	$ 726,800
Intrafi account deposits amount	109,300
US government securities at carrying value	$ 170,500
Allowance for credit losses	de minimis	de minimis
Liabilities for uncertain tax positions or gross unrecognized tax benefits	$ 0	$ 0
Legacy Owners
Economic interest	42.90%
2021 Term Loan Credit Facility
Adavance in loan credit facility	$ 180,000
Loans outstanding at a fixed interest rate	8.47%		8.47%
Customer Concentration Risk | Accounts Receivable | Products And Services | Maximum | Two Customers
Concentration risk percentage	19%	19%
Customer Concentration Risk | Accounts Receivable | Products And Services | Minimum | Two Customers
Concentration risk percentage	10%	13%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Fair Values and Carrying Values of Long-Term Debt (Details) - 2021 Term Loan Credit Facility - Valuation Market Approach - Fair Value Inputs Level 2 - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Carrying Value	$ 130,947	$ 147,174
Fair Value	$ 130,384	$ 146,837

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory, Net [Abstract]
Raw materials	$ 343	$ 290
Work-in-process	2,646	4,825
Finished goods	312	499
Inventories	$ 3,301	$ 5,614

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Inventory, Net [Abstract]
Inventory reserve	$ 0	$ 0

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Schedule of Components of Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 813,067	$ 639,503
Less: Accumulated depreciation and depletion	(113,049)	(97,979)
Property, plant and equipment, net	700,018	541,524
Plant facilities associated with productive, depletable properties
Property, Plant and Equipment [Line Items]
Property, plant and equipment	243,618	243,613
Plant equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	270,493	251,122
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment	3,009	3,009
Furniture and office equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	1,871	1,407
Computer and network equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	1,648	1,648
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment	30,003	25,402
Logistics equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment	6,771	1,591
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 255,654	$ 111,711

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Impairment of long-lived assets	$ 0	$ 0	$ 0	$ 0
Depreciation, Depletion and Accretion Expense
Property, Plant and Equipment [Line Items]
Depreciation	8,000,000	5,000,000	15,000,000	10,000,000
Depletion	1,400,000	1,400,000	2,900,000	2,600,000
Selling, General and Administrative Expense
Property, Plant and Equipment [Line Items]
Depreciation	$ 400,000	$ 300,000	$ 700,000	$ 600,000

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	Jul. 28, 2022	May 16, 2022	Jun. 30, 2023	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Amended operating lease right-of-use assets				$ 1.3
Amended finance lease right-of-use assets				3.2
Amended operating lease, liability				1.3
Amended finance lease, liability				$ 3.2
Lease commitments			$ 7
Additional lease commitments			$ 3.5
Maximum [Member]
Lessee, Lease, Description [Line Items]
Term of contract			7 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Term of contract			4 years
Stonebriar Commercial Finance Member
Lessee, Lease, Description [Line Items]
Lease commitments			$ 34.1
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Lessee, Lease, Description [Line Items]
Debt Instrument, Basis Spread on Variable Rate	8%	8%
Transportation and Logistics Equipment Member | Stonebriar Commercial Finance Member
Lessee, Lease, Description [Line Items]
Purchases of transportation and logistics equipment		$ 70
Purchases of dredges and related equipment		$ 70
Dredges and Related Equipment Member
Lessee, Lease, Description [Line Items]
Purchases of transportation and logistics equipment	$ 10
Purchases of dredges and related equipment	$ 10

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Amortization of right-of-use assets	$ 1,973	$ 255	$ 3,440	$ 456
Interest on lease liabilities	822	69	1,397	119
Operating lease cost	272	227	534	612
Variable lease cost	87	159	298	342
Short-term lease cost	6,571	2,261	12,362	3,390
Total lease cost	$ 9,725	$ 2,971	$ 18,031	$ 4,919

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow and Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating cash outflows from operating leases	$ 289	$ 285	$ 575	$ 726
Operating cash outflows from finance leases	822	70	1,397	119
Financing cash outflows from finance leases	962	218	1,700	393
Operating leases	559	0	559	5,384
Finance leases	$ 13,274	$ 0	$ 20,876	$ 3,951

Leases - Schedule of Lease Term

Leases - Schedule of Lease Terms and Discount Rates (Details)	Jun. 30, 2023	Dec. 31, 2022
Weighted-average remaining lease term:
Operating leases	4 years 1 month 6 days	4 years 6 months
Finance leases	5 years 1 month 6 days	5 years 3 months 18 days
Weighted-average discount rate:
Operating leases	4.70%	4.30%
Finance leases	9.40%	9.40%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Commitments of Operating and Finance Leases Liabilities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Finance, Reminder of 2023	$ 5,089
Finance, 2024	10,255
Finance, 2025	10,168
Finance, 2026	10,168
Finance, 2027	6,458
Finance, Thereafter	7,689
Finance, Total lease payments	49,827
Finance, Less imputed interest	10,497
Finance, Total	39,330
Operating, Reminder of 2023	737
Operating, 2024	1,443
Operating, 2025	1,474
Operating, 2026	1,414
Operating, 2027	815
Operating, Thereafter	11
Operating, Total lease payments	5,894
Operating, Less imputed interest	527
Operating, Total	$ 5,367

Leases - Schedule Of Supplement

Leases - Schedule Of Supplemental Balance Sheet Related To Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating Leases:
Operating Lease, Liability, Current	$ 1,205	$ 1,082
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current
Operating Lease, Liability, Noncurrent	$ 4,162	$ 4,287
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Finance Leases:
Finance Lease, Liability, Current	$ 6,851	$ 3,213
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current
Finance Lease, Liability, Noncurrent	$ 32,479	$ 16,942
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Debt - Summary of Components of

Debt - Summary of Components of Debt (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Term loan credit facility	$ 132,422	$ 148,995
Less: Debt discount, net of accumulated amortization of $785 and $546, respectively	(1,015)	(1,254)
Less: Deferred financing fees, net of accumulated amortization of $302 and $248 respectively	(460)	(567)
Less: Current portion	(29,746)	(20,586)
Long-term debt	$ 101,201	$ 126,588

Debt - Summary of Components _2

Debt - Summary of Components of Debt (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt discount, net of accumulated amortization	$ 785	$ 546
Deferred financing fees, net of accumulated amortization	$ 356	$ 248

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)					1 Months Ended			3 Months Ended	6 Months Ended	12 Months Ended
	Jul. 31, 2023	Feb. 22, 2023	Oct. 20, 2021	Dec. 14, 2018	Jul. 31, 2023	May 31, 2023	Jan. 31, 2023	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Apr. 30, 2023
Debt Instrument [Line Items]
Credit facility, maturity date				Dec. 14, 2023
Dividends declared (in dollars per share)									$ 0.15
Dividend Payable	$ 20,000,000				$ 20,000,000	$ 15,000,000					$ 4,100,000
Term loan credit facility								$ 132,422,000	$ 132,422,000	$ 148,995,000
Minimum
Debt Instrument [Line Items]
Annualized leverage ratio			1
Maximum
Debt Instrument [Line Items]
Annualized leverage ratio			2
2023 ABL Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount								75,000,000	$ 75,000,000
Credit facility, maturity date		Feb. 22, 2028
Minimum availability covenant percent									12.50%
Minimum availability covenant									$ 7,500,000
Fixed charge coverage ratio, Minimum									1
Fixed charge coverage ratio, maximum									1
Line of credit, liquidity threshold									$ 30,000,000
Divident payment required									7,500,000
Outstanding borrowings								0	0
Interest expense, unutilized commitment fees and other fees								100,000	100,000
Remaining borrowing capacity								73,900,000	73,900,000
Delayed draw term loan facility								75,000,000	75,000,000
2023 ABL Credit Facility | Maximum
Debt Instrument [Line Items]
Aggregate principal amount								7,500,000	7,500,000
Delayed draw term loan facility								$ 7,500,000	7,500,000
2023 ABL Credit Facility | Line Of Credit
Debt Instrument [Line Items]
Aggregate principal amount		$ 75,000,000
Delayed draw term loan facility		75,000,000
2018 ABL Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount				$ 50,000,000
Interest expense, debt									$ 200,000
Remaining borrowing capacity		0
Delayed draw term loan facility				$ 50,000,000
Operating Units
Debt Instrument [Line Items]
Dividends declared (in dollars per share)					$ 0.20	$ 0.15
Dividend declared						0.15
Operating Units | Subsequent Event
Debt Instrument [Line Items]
Dividend payable date	Aug. 10, 2023
Atlas Sand Company, LLC | Minimum
Debt Instrument [Line Items]
commitment fee percentage									0.375%
Atlas Sand Company, LLC | Maximum
Debt Instrument [Line Items]
commitment fee percentage									0.50%
IPO [Member]
Debt Instrument [Line Items]
Cash dividends paid as percentage of net proceeds									10%
Common Class A [Member]
Debt Instrument [Line Items]
Dividends declared (in dollars per share)					0.05	$ 0.15
Base dividends declared (in dollars per share)					$ 0.15
Common Class A [Member] | Subsequent Event
Debt Instrument [Line Items]
Dividend payable date	Aug. 17, 2023
2021 Term Loan Credit Facility
Debt Instrument [Line Items]
Loans outstanding at a fixed interest rate			8.47%					8.47%	8.47%
Maturity date of long term debt			Oct. 01, 2027
Repayment description			The 2021 Term Loan Credit Facility is guaranteed on a secured basis and interest, plus principal, was initially payable in seventy-two consecutive monthly installments.
Prepayment Principal Amount Percentage			100%
Prepayment fee percentage			2%
Prepayment fee percentage, thereafter			1%
Line of credit outstanding amount			$ 5,000,000
Line of credit, covenant terms			The 2021 Term Loan Credit Facility includes certain non-financial covenants, including but not limited to restrictions on incurring additional debt and certain restricted payments. The 2021 Term Loan Credit Facility is not subject to financial covenants unless $5.0 million or more in aggregate is outstanding under the 2023 ABL Credit Agreement (as defined below), at which time a minimum average liquidity balance of $20.0 million must be maintained
Cash balance								$ 30,000,000	$ 30,000,000
Repaid amount						$ 3,800,000	$ 3,800,000			12,600,000
2021 Term Loan Credit Facility | Minimum
Debt Instrument [Line Items]
Credit facility agreement, average liquidity			$ 20,000,000
2021 Term Loan Credit Facility | Atlas Sand Company, LLC
Debt Instrument [Line Items]
Proceeds from equity method investment, distribution							$ 15,000,000			$ 45,000,000
Letter Of Credit | 2023 ABL Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount		25,000,000						7,500,000	7,500,000
Letters of credit outstanding amount								1,100,000	1,100,000
Delayed draw term loan facility		$ 25,000,000						$ 7,500,000	$ 7,500,000
SOFR Loan | 2023 ABL Credit Facility | Minimum
Debt Instrument [Line Items]
Interest rate basis percentage									1.50%
Interest rate margin percentage									0.50%
SOFR Loan | 2023 ABL Credit Facility | Maximum
Debt Instrument [Line Items]
Interest rate basis percentage									2%
Interest rate margin percentage									1%
2023 term loan credit facility | Subsequent Event
Debt Instrument [Line Items]
Prepayment Principal Amount Percentage	100%
Prepayment fee percentage	8%
Prepayment fee percentage, two years	4%
Prepayment fee percentage, three years	3%
Prepayment fee percentage, thereafter	2%
Line of credit minimum liquidity amount	$ 30,000,000
2023 term loan credit facility | Subsequent Event | Minimum
Debt Instrument [Line Items]
Annualized leverage ratio	1				1
2023 term loan credit facility | Subsequent Event | Maximum
Debt Instrument [Line Items]
Annualized leverage ratio	4				4
2023 term loan credit facility | Initial Term Loan | Subsequent Event
Debt Instrument [Line Items]
Loans outstanding at a fixed interest rate	9.50%				9.50%
Maturity date of long term debt	Aug. 01, 2030				Aug. 01, 2030
Debt instrument, face amount	$ 180,000,000				$ 180,000,000
2023 term loan credit facility | Delayed Draw Term Loan | Subsequent Event
Debt Instrument [Line Items]
Loans outstanding at a fixed interest rate	5.95%				5.95%
Debt instrument, face amount	$ 100,000,000				$ 100,000,000
Monthly payable installments, percentage	80%
Percentage of outstanding principal balance due at maturity	20%

Commitments And Contingencies -

Commitments And Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Apr. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Apr. 30, 2022	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Payment purchase transportation and logistics equipment					$ 11,900			$ 8,500
Net proceeds from IPO			$ 303,426	$ 0
Expected use of IPO proceeds			291,200
Purchase Commitment Dated March 23, 2022
Finite-Lived Intangible Assets [Line Items]
Payment purchase transportation and logistics equipment						$ 26,200			$ 5,200
2018 ABL Credit Facility | Standby Letters Of Credit
Finite-Lived Intangible Assets [Line Items]
Letters of credit outstanding amount							$ 1,100
2023 ABL Credit Facility | Standby Letters Of Credit
Finite-Lived Intangible Assets [Line Items]
Letters of credit outstanding amount	$ 1,100		$ 1,100
Maximum
Finite-Lived Intangible Assets [Line Items]
Percentage of cost of sales			10%	15%
Purchase obligation expected term of use of proceeds			17 months
Minimum
Finite-Lived Intangible Assets [Line Items]
Percentage of cost of sales	5%	10%
Purchase obligation expected term of use of proceeds			15 months
Royalty Agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Minimum payment for royalty agreement			$ 1,000

Stockholders Equity - Additiona

Stockholders Equity - Additional Information (Details) $ / shares in Units, $ in Millions		1 Months Ended				6 Months Ended	12 Months Ended
	Jul. 31, 2023 USD ($)	Jul. 31, 2023 USD ($) $ / shares	May 31, 2023 USD ($) $ / shares	Apr. 30, 2023 USD ($)	Jan. 31, 2023 USD ($)	Jun. 30, 2023 Vote $ / shares shares	Dec. 31, 2022 USD ($)	Jun. 30, 2022 shares
Dividends declared (in dollars per share)						$ 0.15
Dividend Payable | $	$ 20	$ 20	$ 15	$ 4.1
Investment company dividend distribution | $				$ 2.3
2021 Term Loan Credit Facility
Repaid amount | $			$ 3.8		$ 3.8		$ 12.6
Operating Units
Dividends declared (in dollars per share)		$ 0.20	$ 0.15
Dividend declared			0.15
Operating Units | Subsequent Event
Dividend payable date	Aug. 10, 2023
Common Class A [Member]
Common stock, shares outstanding | shares						57,147,501		0
Voting rights per share | Vote						1
Dividends declared (in dollars per share)		0.05	$ 0.15
Base dividends declared (in dollars per share)		$ 0.15
Common stock, par value						$ 0.01
Common Class A [Member] | Subsequent Event
Dividend payable date	Aug. 17, 2023
Common Class B [Member]
Common stock, shares outstanding | shares						42,852,499		0
Voting rights per share | Vote						1
Common stock, par value						$ 0.01

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Additional Information (Details)	Jun. 30, 2023
Legacy Owners
Noncontrolling Interest [Line Items]
Economic interest	42.90%

Redeemable Noncontrolling Int_4

Redeemable Noncontrolling Interest - Summary of Adjustments to the Value of Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	4 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interest, Beginning balance	$ 771,345	$ 0
$0.15/unit distribution to Atlas Sand Operating, LLC unitholders	(6,428)	(6,428)	$ 0
Other distributions to redeemable non-controlling interest unitholders	(1,777)	(1,777)
Redeemable noncontrolling interest, Ending balance	802,443	802,443
Post-IPO [Member]
Redeemable Noncontrolling Interest [Line Items]
Net income attribution post-IPO	$ 39,303	$ 39,303

Redeemable Noncontrolling Int_5

Redeemable Noncontrolling Interest - Summary of Adjustments to the Value of Redeemable Noncontrolling Interest (Parenthetical) (Details) - $ / shares	4 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Redeemable Noncontrolling Interest [Line Items]
Unit distribution to unit holders (in dollars per share)	$ 0.15	$ 0.15
Common Class B [Member]
Redeemable Noncontrolling Interest [Line Items]
Common stock, shares outstanding	42,852,499	42,852,499	0
Common Class A [Member]
Redeemable Noncontrolling Interest [Line Items]
Common stock, shares outstanding	57,147,501	57,147,501	0
Shares Issued, Price Per Share	$ 18	$ 18

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)			3 Months Ended		6 Months Ended
	May 22, 2023	Mar. 13, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 08, 2023	May 28, 2018
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock and unit-based compensation			$ 1,624,000	$ 178,000	$ 2,246,000	$ 383,000
Restricted Stock Units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unamortized compensation expense			3,800,000		$ 3,800,000
Weighted average remaining vesting period					1 year 7 months 6 days
Granted (in shares)	28,217	260,722			288,939
Granted (per share)	$ 17.72	$ 15.99			$ 16.16
Stock and unit-based compensation			700,000		$ 800,000
Performance Share Units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unamortized compensation expense			8,500,000		$ 8,500,000
Weighted average remaining vesting period					2 years 6 months
Granted (in shares)					490,167
Granted (per share)					$ 20.19
Stock and unit-based compensation			$ 900,000		$ 1,100,000
Performance Share Units | Minimum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Percentage of number of units vested					0%
Performance Share Units | Maximum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Percentage of number of units vested					200%
Long term incentive plan member | Common Class A [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares reserved for issuance			9,507,255		9,507,255		10,270,000
ASMC incentive plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock and unit-based compensation			$ 100,000	100,000	$ 100,000	100,000
Unrecognized unit based compensation expense			0		0
ASCO incentive plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares reserved for issuance								149,425
Stock and unit-based compensation			200,000	$ 100,000	200,000	$ 300,000
Unrecognized unit based compensation expense			$ 0		$ 0
ASCO incentive plan | Scenario Previously Reported Member
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares reserved for issuance								100,000

Stock-Based Compensations - Sum

Stock-Based Compensations - Summary of Nonvested Stock Shares Activity (Details) - $ / shares			6 Months Ended
	May 22, 2023	Mar. 13, 2023	Jun. 30, 2023
Restricted Stock Units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Non-vested at December 31, 2022			0
Granted (in shares)	28,217	260,722	288,939
Vested (in shares)			(16,944)
Forfeited (in shares)			0
Non-vested at March 31, 2023			271,995
Beginning balance (per share)			$ 0
Granted (per share)	$ 17.72	$ 15.99	16.16
Vested (per share)			15.99
Forfeited (per share)			0
Ending balance (per share)			$ 16.17
Performance Share Units
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Non-vested at December 31, 2022			0
Granted (in shares)			490,167
Vested (in shares)			(584)
Forfeited (in shares)			(16,360)
Non-vested at March 31, 2023			473,223
Beginning balance (per share)			$ 0
Granted (per share)			20.19
Vested (per share)			20.19
Forfeited (per share)			20.19
Ending balance (per share)			$ 20.19
Class P unit
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Non-vested at December 31, 2022			3,533
Granted (in shares)			0
Vested (in shares)			(3,533)
Forfeited (in shares)			0
Non-vested at March 31, 2023			0
Beginning balance (per share)			$ 151.57
Granted (per share)			0
Vested (per share)			151.57
Forfeited (per share)			0
Ending balance (per share)			$ 0

Earnings per Share - Schedule o

Earnings per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income	$ 71,211	$ 68,521	$ 134,116	$ 89,367
Less: Pre-IPO net income attributable to Atlas Sand Company, LLC	0		54,561
Less: Net income attributable to redeemable noncontrolling interest	32,693		39,303
Net income attributable to Atlas Energy Solutions, Inc.	$ 38,518		$ 40,252	$ 89,367
Denominator:
Basic weighted average shares outstanding	57,148		57,148
Dilutive potential of restricted stock units	272		272
Diluted weighted average shares outstanding	57,420		57,420
Basic EPS attributable to Class A stockholders	$ 0.67		$ 0.70
Diluted EPS attributable to Class A stockholders	$ 0.67		$ 0.70

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Common Class A [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares outstanding	57,147,501	0
Common Class B [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares outstanding	42,852,499	0
Performance Based Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Granted (in shares)	473,223

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Mar. 13, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Texas franchise tax (as a percent)				0.75%
Effective income tax rate (as a percent)		8.70%		8.70%
U.S. federal statutory tax rate		21%		21%
Income tax expense		$ 5,054	$ 593	$ 12,731	$ 818
IPO [Member]
Deferred tax liabilities						$ 27,500
Common Class A [Member]
Shares issued price per share		$ 18		$ 18
Common Class A [Member] | IPO [Member]
Shares issued price per share	$ 18	$ 18		$ 18
Number of units issued	18,000,000			18,000,000

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts payable - related parties	$ 177,000		$ 177,000		$ 154,000
Legacy Owners [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Operating interest percentage	42.90%		42.90%
Class A and Class B Member | Common Stock [Member] | Legacy Owners [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Operating interest percentage	38.40%		38.40%
Brigham oil & gas, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related party amount in sales	$ 0	$ 0	$ 0	$ 0
Related-party accounts receivable	0		0		900,000
Brigham land management LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Party Aggregate Payments	300,000	200,000	500,000	500,000
Accounts payable - related parties		100,000		100,000	100,000
Brigham earth, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Party Aggregate Payments	100,000	$ 200,000	200,000	$ 400,000
Accounts payable - related parties	0		0		100,000
Anthem ventures, LLC
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related Party Aggregate Payments	100,000		200,000
Accounts payable - related parties	$ 100,000		$ 100,000		$ 0
Related party accounts payable outstanding		de minimis		de minimis
In A Good Mood
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related party accounts payable outstanding	de minimis	de minimis	de minimis	de minimis