Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.22.2.2
Earnings per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings per share

10. Earnings per share

The numerators and denominators of the basic and diluted earnings per share (“EPS”) computations for our Class A Common Stock are calculated as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

70,093

 

 

$

(8,606

)

 

$

94,219

 

 

$

(34,595

)

Less: net (income) loss attributable to ProFrac Predecessor

 

 

(56,157

)

 

 

8,478

 

 

 

(79,867

)

 

 

34,476

 

Less: net loss attributable to noncontrolling interests

 

 

8,704

 

 

 

128

 

 

 

8,288

 

 

 

119

 

Less: net income attributable to redeemable noncontrolling interests

 

 

(16,082

)

 

 

—

 

 

 

(16,082

)

 

 

—

 

Net income attributable to ProFrac Holding Corp.

 

$

6,558

 

 

$

—

 

 

$

6,558

 

 

$

—

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average Class A shares used for basic EPS computation

 

 

40,123

 

 

 

 

 

 

 

40,123

 

 

 

 

 

Dilutive potential of employee restricted stock units

 

 

22

 

 

 

 

 

 

 

22

 

 

 

 

 

Weighted average Class A shares used for diluted EPS computation

 

 

40,145

 

 

 

 

 

 

 

40,145

 

 

 

 

 

Basic and diluted EPS - Class A Common Stock

 

$

0.16

 

 

 

 

 

 

$

0.16