| Schedule of Earnings (Loss) Per Share |
The following table illustrates the computation of basic and diluted EPS for the three and six months ended June 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | Earnings | | | | | | | | | | | | | | | Net Income (Loss) | | | | | | $ | (116,355) | | | $ | (29,726) | | | $ | (172,495) | | | $ | (34,587) | | | Less: Preferred stock dividends | | | | | | 5,326 | | | 5,326 | | | 10,652 | | | 10,652 | | | Less: Participating securities' share in earnings | | | | | | 113 | | | 373 | | | 528 | | | 736 | | | | Net income (loss) attributable to common stockholders, basic and diluted | | | | | | $ | (121,794) | | | $ | (35,425) | | | $ | (183,675) | | | $ | (45,975) | | | | | | | | | | | | | | | | | | Shares | | | | | | | | | | | | | | | Weighted average common shares outstanding | | | | | | 62,040,735 | | | 66,958,818 | | | 63,152,808 | | | 67,754,869 | | | | Add: Weighted average deferred stock units | | | | | | 422,433 | | | 232,491 | | | 409,234 | | | 219,374 | | | | Diluted weighted average common shares outstanding | | | | | | 62,463,168 | | | 67,191,309 | | | 63,562,042 | | | 67,974,243 | | | | | | | | | | | | | | | | | | Net income (loss) attributable to common stockholders, per: | | | | | | | | | | | | | | | Basic and diluted common share | | | | | | $ | (1.95) | | | $ | (0.53) | | | $ | (2.89) | | | $ | (0.68) | | |
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