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Net Loss per Share/Unit (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

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

Schedule of Earnings Per Share, Basic and Diluted

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)

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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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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