Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v3.20.2
Loss Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Loss Per Share
Loss Per Share 
 
The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings (loss) per share for the indicated periods:
 
Three Months
 
Ended March 31,
 
2020
 
2019
 
(In thousands, except per share data)
Net loss (numerator):
 

 
 

Net loss attributable to common stockholders of Rosehill Resources Inc. - basic
$
(148,349
)
 
$
(37,977
)
Add: Net loss attributable to the noncontrolling interest, net of taxes
(90,036
)
 

Net loss attributable to common stockholders of Rosehill Resources Inc. - diluted
$
(238,385
)
 
$
(37,977
)
 
 
 
 
Weighted average shares (denominator):
 

 
 

Weighted average shares – basic
28,566

 
13,830

Add: Dilutive effects of Class B Common Stock
15,708

 

Weighted average shares – diluted
44,274

 
13,830

 
 
 
 
Basic loss per share
$
(5.19
)
 
$
(2.75
)
Diluted loss per share
$
(5.38
)
 
$
(2.75
)

For the three months ended March 31, 2020, the Company excluded 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, 9.2 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock and 1.8 million shares of Class A Common Stock issuable upon vesting of awards under the Company’s Long-Term Incentive Plan (as amended and restated on May 22, 2018, the “LTIP”) from the computation of diluted earnings per share because the effect of such instruments was anti-dilutive.

For the three months ended March 31, 2019, the Company excluded 29.8 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, 8.7 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock and 1.0 million shares of Class A Common Stock issuable upon vesting under the Company’s LTIP from the computation of diluted earnings per share because the effect of such instruments was anti-dilutive.