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NET LOSS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Net Loss Per Share
The computation of basic and diluted net loss per share for the periods presented in the consolidated financial statements is shown in the tables below.
 
Three Months Ended June 30,
 
2020
 
2019
 
Loss
 
Shares(1)
 
Per Share(1)
 
Loss
 
Shares(1)
 
Per Share(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
Basic and diluted:
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Class A common shareholders
$
(255
)
 
3,746

 
$
(0.07
)
 
$
(2,293
)
 
3,746

 
$
(0.61
)
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest — Apache limited partner
$
—

 
—

 
 
 
$
—

 
—

 
 
Diluted(2):
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Class A common shareholders
$
(255
)
 
3,746

 
$
(0.07
)
 
$
(2,293
)
 
3,746

 
$
(0.61
)
 
Six Months Ended June 30,
 
2020
 
2019
 
Loss
 
Shares(1)
 
Per Share(1)
 
Loss
 
Shares(1)
 
Per Share(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Class A common shareholders
$
(10,108
)
 
3,746

 
$
(2.70
)
 
$
(1,193
)
 
3,746

 
$
(0.32
)
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest — Apache limited partner
$
(36,048
)
 
12,500

 
 
 
$
—

 
—

 


Diluted(2):
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Class A common shareholders
$
(46,156
)
 
16,246

 
$
(2.84
)
 
$
(1,193
)
 
3,746

 
$
(0.32
)
(1)
Share and per share amounts have been retroactively restated to reflect the Company’s reverse stock split which was effected June 30, 2020. Refer to Note 9—Equity for further information.
(2)
The effect of the exchange of outstanding Common Units of Altus Midstream (and the cancellation of a corresponding number of shares of outstanding Class C Common Stock) would have been anti-dilutive for the three month periods ended June 30, 2020 and 2019, and also for the six month period ended June 30, 2019.