| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except per-share amounts):
| | | | | | | | | | | | | | | | | | | | | | | | Successor | | | Predecessor | | | | | | | | Three Months Ended
June 30, 2025 | | | Three Months Ended
June 30, 2024 | | | | | | | | | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | Net income (loss) | $ | (245,831) | | | | $ | (192,927) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | Weighted-average shares outstanding, basic (1) | 33,972 | | | | 109,506 | | | | | | | | | | Effect of dilutive shares | — | | | | — | | | | | | | | | | Adjusted weighted-average shares outstanding, diluted | 33,972 | | | | 109,506 | | | | | | | | | | Earnings (loss) per share | | | | | | | | | | | | | Basic earnings (loss) per common share | $ | (7.24) | | | | $ | (1.76) | | | | | | | | | | Diluted earnings (loss) per common share | $ | (7.24) | | | | $ | (1.76) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Successor | | | Predecessor | | Period from March 13, 2025 through June 30, 2025 | | | Period from January 1, 2025 through March 12, 2025 | | Six Months Ended June 30, 2024 | | | | | | | | | Numerator | | | | | | | | Net income (loss) | $ | (256,767) | | | | $ | 72,216 | | | $ | (335,562) | | | | | | | | | | | | | | | | | Denominator | | | | | | | Weighted-average shares outstanding, basic (1) | 31,505 | | | | 109,525 | | | 109,468 | | | Effect of dilutive shares | — | | | | — | | | — | | | Adjusted weighted-average shares outstanding, diluted | 31,505 | | | | 109,525 | | | 109,468 | | | Earnings (loss) per share | | | | | | | | Basic earnings (loss) per common share | $ | (8.15) | | | | $ | 0.66 | | | $ | (3.07) | | | Diluted earnings (loss) per common share | $ | (8.15) | | | | $ | 0.66 | | | $ | (3.07) | | | | | | | | | | | | | | | |
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