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Earnings per share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of earnings per share for the three months ended September 30, 2022 and the period from April 13, 2022 through September 30, 2022 (in thousands except share and per share amounts):

 

For the three months ended September 30, 2022

 

 

For the period from April 13  September 30, 2022

 

Net income

$

37,272

 

 

$

33,176

 

Less net income attributable to non-controlling interest

 

28,571

 

 

 

26,924

 

Less net loss attributable to non-controlling interest – ENE Onshore

 

(127

)

 

 

(545

)

Net income attributable to shareholders – basic and diluted

$

8,828

 

 

$

6,797

 

 

 

 

 

 

 

Weighted average shares outstanding  basic

 

26,254,167

 

 

 

26,254,167

 

Dilutive effect of unvested restricted common stock

 

6,694

 

 

 

6,006

 

Issued upon assumed exercise of outstanding stock options

 

 

 

 

 

Class B Common Stock converted to Class A Common Stock

 

 

 

 

 

Weighted average shares outstanding – diluted

 

26,260,861

 

 

 

26,260,173

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

Basic

$

0.34

 

 

$

0.26

 

Diluted

$

0.34

 

 

$

0.26

 

Schedule of Common stock shares equivalent excluded from the calculation of diluted earnings per share

The following table presents the common stock shares equivalents excluded from the calculation of diluted earnings per share for the three months ended September 30, 2022 and the period from April 13, 2022 through September 30, 2022, as they would have had an antidilutive effect:

 

For the three months ended September 30, 2022

 

 

For the period from April 13  September 30, 2022

 

Stock options

 

 

 

 

168,076

 

Class B Common Stock

 

82,021,389

 

 

 

82,021,389