Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Taxes

Schedule of Components of Income Tax Expense (Benefit)

		Year Ended		Year Ended	Year Ended
		December 31,		December 31,	December 31,
		2023		2022	2021
(In thousands)
Current:
Federal	$	106	$	(30,107)	$	1,525
State		317		204		342
Total current	$	423	$	(29,903)	$	1,867
Deferred:
Federal	$	85,002	$	(209,130)	$	7
State		2,089		(12,893)		—
Total deferred	$	87,091	$	(222,023)	$	7
Provision for (benefit from) income taxes	$	87,514	$	(251,926)	$	1,874

Schedule of Effective Income Tax Rate Reconciliation

	Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,
	2023		2022		2021
Income tax provision at statutory rate	$	115,826	$	226,587	$	71,284
Percentage depletion and other permanent items		(30,585)		(52,647)		(29,392)
State taxes, net of effect of federal taxes		2,725		2,988		16,490
Change in valuation allowance		(879)		(420,688)		(69,603)
Other, net		427		(8,166)		13,095
Provision for (benefit from) income taxes	$	87,514	$	(251,926)	$	1,874

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities that result from carryforwards and temporary differences between the financial statement basis and tax basis of assets and liabilities are summarized as follows:

	December 31,		December 31,
	2023		2022
(In thousands)
Deferred tax assets:
Tax loss carryforwards	$	157,648	$	219,302
Tax credit carryforwards		1,584		1,656
Investment in partnerships		24,933		39,999
Other		28,070		38,362
Gross deferred tax assets	$	212,235	$	299,319
Valuation allowance		(82,825)		(83,704)
Total deferred tax assets	$	129,410	$	215,615
Deferred tax liabilities:
Plant and equipment		1,075		1,245
Convertible Notes		—		75
Other		4,311		4,825
Total deferred tax liabilities	$	5,386	$	6,145
Net deferred tax asset	$	124,024	$	209,470

Summary of Income Tax Contingencies

	(In thousands)
Balance at December 31, 2020	$	48,116
Additions based on tax positions to the current year		3,467
Additions for tax positions related to the prior year		3,931
Reductions for tax positions of prior years		(2,868)
Reductions as a result of lapses in the statute of limitations		(3,683)
Balance at December 31, 2021		48,963
Additions for tax positions related to the current year		5,446
Additions for tax positions related to the prior year		768
Reductions for tax positions of prior years		(125)
Reductions as a result of lapses in the statute of limitations		(36,988)
Balance at December 31, 2022		18,064
Additions based on tax positions related to the current year		3,019
Additions for tax positions related to the prior year		731
Increases for tax positions of prior years		1,485
Reductions as a result of lapses in the statute of limitations		(2,732)
Balance at December 31, 2023	$	20,567