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Net Loss per Share/Unit | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Loss per Share/Unit | NOTE 10 — Net Loss per Share/Unit Successor Period Based on the amounts outstanding at June 30, 2024 (Successor) and June 30, 2023 (Successor), the Company excluded the following financial instruments from the computation of diluted net loss per unit because their inclusion would be anti-dilutive:
Anti-Dilutive Instrument |  | June 30, 2024 (Successor) |  | June 30, 2023 (Successor)
Public Warrants |  | 8,621,535 |  | 8,624,974
Private Placement Warrants |  | 10,900,000 |  | 10,900,000
Earnout Shares |  | 328,925 |  | 986,775
BHES Bonus Shares |  | 2,068,416 |  | 2,068,416
Unvested Class A OpCo Units |  | 241,670 |  | 1,119,198
Vested Class A OpCo Units |  | 142,476,116 |  | 136,392,072
Unvested RSUs |  | 933,590 |  | —
Unvested PSUs |  | 127,710 |  | —
Make-Whole Awards |  | 1,257,467 |  | —
Stock Options |  | 2,459,893 |  | —
Class B OpCo Units |  | — |  | 6,638,125
Total |  | 169,415,322 |  | 166,729,560
In the Successor Period, only shares of Class A Common Stock participate in the Company's undistributed earnings. As such, the Company's undistributed earnings are allocated entirely to the Class A Common Stock based on the weighted-average number of shares of Class A Common Stock outstanding for the period from April 1, 2024 through June 30, 2024 (Successor) and the period from January 1, 2024 through June 30, 2024 (Successor). The following table sets forth the computation of the Company's basic and diluted net loss per share for the following periods:
|  | Period from
|  | April 1 - June 30, 2024 (Successor) |  | June 8 - June 30, 2023 (Successor) |  | January 1 - June 30, 2024 (Successor)
Numerator |  |  |  |  |  |
Net loss after income tax |  | $ | (17,217) |  |  | $ | (110,586) |  |  | $ | (58,849) |
Net loss attributable to shareholders |  | $ | (4,268) |  |  | $ | (35,001) |  |  | $ | (15,689) |
Denominator |  |  |  |  |  |
Weighted-average number shares outstanding, basic and diluted |  | 72,177,137 |  |  | 67,404,794 |  | 72,035,845
Net loss per share attributable to shareholders, basic and diluted |  | $ | (0.06) |  |  | $ | (0.52) |  |  | $ | (0.22) |
Predecessor Period During the Predecessor periods, the Company's anti-dilutive securities were profits interests, member loan share options and share options. Based on the amounts outstanding as of June 7, 2023 (Predecessor), the Company excluded the following positions from the computation of diluted net loss per unit because their inclusion would be anti-dilutive:
Anti-Dilutive Instrument |  | June 7, 2023 (Predecessor) |  |
Unvested profit interests |  | 119,076 |  |  |
Member loan share options |  | — |  |  |
Occidental Petroleum share options |  | — |  |  |
Total |  | 119,076 |  |  |
The following table sets forth the computation of the Company's basic and diluted net loss per unit for the following periods:
|  | Period from |
|  | April 1 - June 7, 2023 (Predecessor) |  | January 1 - June 7, 2023 (Predecessor) |
Numerator |  |  |  |  |
Net loss after income tax |  | $ | (17,109) |  |  | $ | (34,176) |  |
Net loss attributable to membership interest holders |  | $ | (17,109) |  |  | $ | (34,176) |  |
Denominator |  |  |  |  |
Weighted-average number membership interests outstanding, basic and diluted |  | 3,791,634 |  |  | 3,766,871 |  |
Net loss per unit attributable to membership interest holders, basic and diluted |  | $ | (4.51) |  |  | $ | (9.07) |  |

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