Montauk Renewables, Inc. Earnings Per Share Disclosure
Note 21—INCOME PER SHARE
Basic and diluted income per share was computed using the following common share data for the years ended December 31, 2024, 2023 and 2022, respectively:
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For The Year Ended December 31, |
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2024 |
|
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2023 |
|
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2022 |
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Net income |
|
$ |
9,734 |
|
|
$ |
14,948 |
|
|
$ |
35,194 |
|
Basic weighted-average shares outstanding |
|
|
142,279,079 |
|
|
|
141,727,905 |
|
|
|
141,238,851 |
|
Dilutive effect of share-based awards |
|
|
118,414 |
|
|
|
423,735 |
|
|
|
1,340,538 |
|
Diluted weighted-average shares outstanding |
|
|
142,397,493 |
|
|
|
142,151,640 |
|
|
|
142,579,389 |
|
Basic income per share |
|
$ |
0.07 |
|
|
$ |
0.11 |
|
|
$ |
0.25 |
|
Diluted income per share |
|
$ |
0.07 |
|
|
$ |
0.11 |
|
|
$ |
0.25 |
|
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.