v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAXES  
Schedule of income tax expense

Years ended December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Federal

Current

$

992

$

2,018

$

2,817

Deferred

(12,221)

 

1,746

 

17,323

State

Current

 

31

 

35

 

819

Deferred

 

504

 

(71)

 

1,391

Total

$

(10,694)

$

3,728

$

22,350

Schedule of accounting for differences between income taxes computed at the federal statutory rate and the provision recorded for income taxes

Years ended December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Income taxes computed at the federal statutory rate

$

(13,049)

21.0%

$

3,134

21.0%

$

21,938

21.0%

$

$

$

State taxes, net of federal benefits (a)

 

(938)

1.5%

 

214

1.4%

 

1,210

1.2%

Effect of changes in tax laws or rates

1,449

(2.3%)

(166)

(1.1%)

350

0.3%

Nontaxable or nondeductible items

Percentage depletion

 

(1,600)

2.6%

 

(2,410)

(16.1%)

 

(1,717)

(1.6%)

162(m) compensation limitation

2,126

(3.4%)

6,172

41.4%

5,716

5.5%

Stock-based compensation

 

504

(0.8%)

 

(3,299)

(22.1%)

 

(3,395)

(3.3%)

Other

 

317

(0.5%)

 

397

2.7%

 

210

0.2%

Tax credits

0.0%

(21)

(0.1%)

(170)

(0.2%)

Effect of cross-border tax laws

IRC 250 FDII

0.0%

(1,475)

(1.4%)

Other adjustments

 

497

(0.9%)

 

(293)

(2.0%)

 

(317)

(0.3%)

Total

$

(10,694)

17.2%

$

3,728

25.0%

$

22,350

21.4%

(a) State taxes in West Virginia made up the majority of the tax effect in this category.

Schedule of deferred tax assets and liabilities

December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Deferred tax assets:

 

  ​

 

  ​

Loss carryforwards U.S. - Federal/States

$

6,693

$

1,798

Asset retirement obligations

 

8,041

 

6,879

Section 163(j) business interest limitation

340

Section 263A inventory capitalization

1,928

1,156

Accrued expenses

 

3,750

 

2,144

Stock-based compensation

 

4,685

 

3,294

Other

134

Total deferred tax assets

 

25,231

 

15,611

Deferred tax liabilities:

Depreciation & amortization

 

(69,540)

 

(71,638)

Net deferred tax liabilities

$

(44,309)

$

(56,027)

Schedule of the company made tax payments

December 31, 

(In thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

2023

U.S. Federal

 

$

2,240

$

750

$

(10,935)

State:

West Virginia

 

1

 

381

 

250

Virginia

(285)

Other

 

(67)

 

39

 

121

Total state

(351)

420

371

 

Total cash paid for income taxes (net of refunds)

$

1,889

$

1,170

$

(10,564)