| Schedule of computation of basic and diluted net income per share |
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(in thousands, except for share and per share amounts) |
Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2023 |
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|
2024 |
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|
2023 |
Net Income Attributable to Stockholders' Equity |
$ |
13,112 |
|
$ |
10,431 |
|
$ |
29,942 |
|
$ |
18,139 |
Less: Net Income Attributable to Noncontrolling Interest |
|
7,147 |
|
|
5,733 |
|
|
16,354 |
|
|
10,063 |
Net Income Attributable to Aris Water Solutions, Inc. |
|
5,965 |
|
|
4,698 |
|
|
13,588 |
|
|
8,076 |
Participating Basic Earnings (1) |
|
(460) |
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|
(300) |
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|
(991) |
|
|
(498) |
Basic Net Income Attributable to Aris Water Solutions, Inc. |
$ |
5,505 |
|
$ |
4,398 |
|
$ |
12,597 |
|
$ |
7,578 |
Reallocation of Participating Net Income |
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- |
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|
- |
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|
- |
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|
- |
Diluted Net Income Attributable to Aris Water Solutions, Inc. |
$ |
5,505 |
|
$ |
4,398 |
|
$ |
12,597 |
|
$ |
7,578 |
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Basic Weighted Average Shares Outstanding |
|
30,549,092 |
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|
30,036,593 |
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|
30,451,553 |
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|
29,985,869 |
Dilutive Performance-Based Stock Units |
|
40,905 |
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|
- |
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|
20,452 |
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|
- |
Dilutive Weighted Average Shares Outstanding |
|
30,589,997 |
|
|
30,036,593 |
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|
30,472,005 |
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|
29,985,869 |
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Basic Net Income Per Share of Class A Common Stock |
$ |
0.18 |
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$ |
0.15 |
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$ |
0.41 |
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$ |
0.25 |
Diluted Net Income Per Share of Class A Common Stock |
$ |
0.18 |
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$ |
0.15 |
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$ |
0.41 |
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$ |
0.25 |
| (1) |
Unvested shares of restricted stock and RSUs represent participating securities because they participate in nonforfeitable dividends or distributions with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to participating securities. Unvested RSUs do not participate in undistributed net losses as they are not contractually obligated to do so. |
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