Earnings (Loss) Per Share
Year Ended December 31,
202520242023
(In $ millions, except share data)
Amounts attributable to Celanese Corporation
Earnings (loss) from continuing operations
(1,144)(1,534)1,952 
Earnings (loss) from discontinued operations
(21)(8)(9)
Net earnings (loss)(1,165)(1,542)1,943 
Weighted average shares - basic109,530,303 109,273,779 108,848,962 
Incremental shares attributable to equity awards(1)
— — 530,702 
Weighted average shares - diluted
109,530,303 109,273,779 109,379,664 
______________________________
(1)Excludes anti-dilutive incremental shares attributable to equity awards as follows:
Year Ended December 31,
202520242023
(In shares )
Options to purchase shares of Common Stock682,886 265,922 202,876 
Equity award shares68,163 61 39,465 
In addition, the Company incurred a net loss from continuing operations for the years ended December 31, 2025 and 2024, resulting in 212,781 and 239,886, respectively, incremental shares attributable to equity awards being excluded from the number of weighted average shares - diluted as their effect would be antidilutive.

Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2019Feb 6, 2020

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.