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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 11.Earnings Per Share Net Income Per Share Basic and diluted net income per share attributable to our Class A common stock is computed by dividing net income attributable to Aris Water Solutions, Inc. by the weighted average number of shares of Class A common stock outstanding for the same period, including shares of restricted stock and restricted stock units (“RSUs”), which receive nonforfeitable dividends. Shares issued during the period are weighted for the portion of the period in which the shares were outstanding. The following table sets forth the computation of basic and diluted net income per share attributable to our Class A common stock for the periods indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands, except for share and per share amounts) | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2024 | ​ | ​ | 2023 | ​ | ​ | 2024 | ​ | ​ | 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) | ​ | ​ | (300) | ​ | ​ | (991) | ​ | ​ | (498)
Basic Net Income Attributable to Aris Water Solutions, Inc. | $ | 5,505 | ​ | $ | 4,398 | ​ | $ | 12,597 | ​ | $ | 7,578
Reallocation of Participating Net Income | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | ​ | -
Diluted Net Income Attributable to Aris Water Solutions, Inc. | $ | 5,505 | ​ | $ | 4,398 | ​ | $ | 12,597 | ​ | $ | 7,578
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic Weighted Average Shares Outstanding | ​ | 30,549,092 | ​ | ​ | 30,036,593 | ​ | ​ | 30,451,553 | ​ | ​ | 29,985,869
Dilutive Performance-Based Stock Units | ​ | 40,905 | ​ | ​ | - | ​ | ​ | 20,452 | ​ | ​ | -
Dilutive Weighted Average Shares Outstanding | ​ | 30,589,997 | ​ | ​ | 30,036,593 | ​ | ​ | 30,472,005 | ​ | ​ | 29,985,869
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic Net Income Per Share of Class A Common Stock | $ | 0.18 | ​ | $ | 0.15 | ​ | $ | 0.41 | ​ | $ | 0.25
Diluted Net Income Per Share of Class A Common Stock | $ | 0.18 | ​ | $ | 0.15 | ​ | $ | 0.41 | ​ | $ | 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.
Shares of Class B common stock are considered potentially dilutive shares of Class A common stock because they may be redeemed for shares of Class A common stock on a one-for-one basis. A total of 27,543,565 weighted average shares of Class B common stock outstanding for the three and six months ended June 30, 2024 were determined to be antidilutive and were excluded from the computation of diluted earnings per share of Class A common stock. In addition, zero and 11,525 PSUs were determined to be antidilutive for the three and six months ended June 30, 2024, respectively, and were excluded from the computation of diluted earnings per share for those periods. A total of 27,554,393 weighted average shares and 27,561,348 weighted average shares of Class B common stock outstanding for the three and six months ended June 30, 2023, respectively, were determined to be antidilutive and were excluded from the computation of diluted earnings per share of Class A common stock. In addition, all PSUs were determined to be antidilutive for each period and were excluded from the computation of diluted earnings per share for those periods.

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