Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.22.2.2
Earnings per Share
 9 Months Ended
Sep. 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

September 30,

 

 

Nine Months Ended

September 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to ProFrac Holding Corp.

 

$

44,930

 

 

$

—

 

 

$

51,488

 

 

$

—

 

Net income reallocated to dilutive Class A shares

 

 

85

 

 

 

—

 

 

 

72

 

 

 

—

 

Net income attributable to ProFrac Holding Corp. used for diluted earnings per Class A share

 

 

45,015

 

 

 

—

 

 

 

51,560

 

 

 

—

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average Class A shares used for basic EPS computation

 

 

41,239

 

 

 

 

 

 

 

40,846

 

 

 

 

 

Dilutive potential of employee restricted stock units

 

 

110

 

 

 

 

 

 

 

81

 

 

 

 

 

Weighted-average Class A shares used for diluted EPS computation

 

 

41,349

 

 

 

 

 

 

 

40,927

 

 

 

 

 

Basic and diluted EPS - Class A Common Stock

 

$

1.09

 

 

 

 

 

 

$

1.26