Earnings per share (Tables)

3 Months Ended

Mar. 31, 2023

Average number of outstanding diluted shares for the three-month period ended March 31, 2023 have been calculated considering the potential issuance of 3,347,305 shares (3,347,305 shares for the three-month period ended March 31, 2022) on the settlement of the Green Exchangeable Notes (Note 14). It also included the potential issuance of 1,167,185 shares to Algonquin for the three-month period ended March 31, 2022 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 three-month period ended March 31,
	2023			2022
	($ in thousands)
Loss attributable to Atlantica		(10,990	)		(12,042	)
Average number of ordinary shares outstanding (thousands) - basic		116,140			112,741
Average number of ordinary shares outstanding (thousands) - diluted		119,487			116,894
Earnings per share for the period (U.S. dollar per share) - basic		(0.09	)		(0.11	)
Earnings per share for the period (U.S. dollar per share) - diluted (*)		(0.09	)		(0.11	)

(*) The potential ordinary shares related to the Green Exchangeable Notes and the ATM program have not been considered in the calculation of diluted earnings per share for the three-month periods ended March 31, 2023 and 2022, as they have an antidilutive effect.