Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 6—INCOME TAXES: The income tax (benefit) expense for the three and nine months ended September 30, 2026 of ($12,579) and $3,497, respectively, or effective tax rates of 351.3% and 2.2% of (loss) earnings before income tax, respectively, was based on the Company’s annual estimated income tax rate adjusted for discrete items. The effective tax rates for the three and nine months ended September 30, 2026 differed from the U.S. federal statutory rate of 21% primarily due to tax benefits for excess percentage depletion and Section 45X Advanced Manufacturing Production Credits. The income tax benefit for the three and nine months ended September 30, 2025 of ($52,998) and ($50,098), respectively, or effective tax rates of 247.7% and 40.3% of loss before income tax, respectively, was based on the Company’s annual estimated income tax rate adjusted for discrete items. The effective tax rates for the three and nine months ended September 30, 2025 differed from the U.S. federal statutory rate of 21% primarily due to the tax benefit for excess percentage depletion. The tax provision also included discrete tax adjustments primarily related to transaction costs and equity compensation.
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