Earnings per share

9 Months Ended

Sep. 30, 2022

Note 21. - Earnings per share

Basic earnings per share have been calculated by dividing the profit/(loss) attributable to equity holders of the Company by the average number of outstanding shares.

Diluted earnings per share for the nine-month period ended September 30, 2022 have been calculated considering the potential issuance of 3,347,305 shares (3,347,305 shares for the nine-month period ended September 30, 2021) on the settlement of the Green Exchangeable Notes (Note 14) and the potential issuance of 596,681 shares (510,169 shares for the nine-month period ended September 30, 2021) to Algonquin under the agreement signed on August 3, 2021, according to which Algonquin has the option, on a quarterly basis, to subscribe such number of shares to maintain its percentage in Atlantica in relation to the use of the ATM program (Note 13).

Item	For the nine-month period ended September 30,
	2022			2021
	($ in thousands)
Loss attributable to Atlantica		(9,473	)		(18,166	)
Average number of ordinary shares outstanding (thousands) - basic		114,236			110,749
Average number of ordinary shares outstanding (thousands) - diluted		118,197			114,156
Earnings per share for the period (U.S. dollar per share) - basic		(0.08	)		(0.16	)
Earnings per share for the period (U.S. dollar per share) - diluted		(0.08	)		(0.16	)