Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.23.2
Earnings per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings per Share

NOTE 13. EARNINGS PER SHARE

The calculation of earnings per common share ("EPS") for our Class A common stock is as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to ProFrac Holding Corp.

 

$

(2.9

)

 

$

6.6

 

 

$

19.1

 

 

$

6.6

 

Net loss reallocated to dilutive Class A common shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

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

 

$

(2.9

)

 

$

6.6

 

 

$

19.1

 

 

$

6.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average Class A common shares used for basic EPS computation

 

 

148.8

 

 

 

40.1

 

 

 

101.9

 

 

 

40.1

 

Dilutive potential of employee restricted stock units

 

 

—

 

 

 

—

 

 

 

0.2

 

 

 

—

 

Weighted average Class A common shares used for diluted EPS computation

 

 

148.8

 

 

 

40.1

 

 

 

102.1

 

 

 

40.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (loss) earnings per Class A common share

 

$

(0.02

)

 

$

0.16

 

 

$

0.19

 

 

$

0.16