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Earnings per share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
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