Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the computation of earnings per share for the periods shown below (in thousands, except share and per share amounts):
|
|
|
|
|
|
|
|
|
For the year ended December 31, |
|
|
For the period from April 13 – December 31, |
|
|
2023 |
|
|
2022 |
|
Net income |
$ |
126,844 |
|
|
$ |
67,046 |
|
Less net income attributable to non-controlling interest |
|
96,432 |
|
|
|
55,119 |
|
Less net loss attributable to non-controlling interest – ENE Onshore |
|
— |
|
|
|
(1,396 |
) |
Net income attributable to shareholders – basic |
$ |
30,412 |
|
|
$ |
13,323 |
|
Add: Reallocation of net income attributable to non-controlling interest |
|
90,327 |
|
|
|
— |
|
Net income attributable to shareholders – diluted |
$ |
120,739 |
|
|
$ |
13,323 |
|
|
|
|
|
|
|
Weighted average shares outstanding – basic |
|
26,256,104 |
|
|
|
26,254,167 |
|
Dilutive effect of unvested restricted common stock |
|
19,788 |
|
|
|
7,940 |
|
Dilutive effect of unvested performance units |
|
2,306 |
|
|
|
— |
|
Class B Common Stock converted to Class A Common Stock |
|
82,021,389 |
|
|
|
— |
|
Weighted average shares outstanding – diluted |
|
108,299,587 |
|
|
|
26,262,107 |
|
|
|
|
|
|
|
Earnings per share |
|
|
|
|
|
Basic |
$ |
1.16 |
|
|
$ |
0.51 |
|
Diluted |
$ |
1.11 |
|
|
$ |
0.51 |
|
|
Schedule of Common stock shares equivalent excluded from the calculation of diluted earnings per share |
The following table presents the common stock share equivalents excluded from the calculation of diluted earnings per share for the periods shown below, as they would have had an antidilutive effect:
|
|
|
|
|
|
|
|
|
For the year ended December 31, |
|
|
For the period from April 13 – December 31, |
|
|
2023 |
|
|
2022 |
|
Restricted common stock |
|
269 |
|
|
|
53 |
|
Stock options |
|
— |
|
|
|
150,314 |
|
Class B Common Stock |
|
— |
|
|
|
82,021,389 |
|
|