Earnings Per Share

Basic and diluted earnings (loss) per share for the three-month and six-month periods ended June 30, 2026 and 2025 are calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic earnings (loss) per share
Numerator:
Net income attributable to Albemarle Corporation	$	479,959	$	22,897	$	799,050	$	64,245
Mandatory convertible preferred stock dividends	(41,687)		(41,687)		(83,375)		(83,375)
Net income (loss) attributable to Albemarle Corporation common shareholders	$	438,272	$	(18,790)	$	715,675	$	(19,130)
Denominator:
Weighted-average common shares for basic earnings (loss) per share	117,961		117,665		117,907		117,634
Basic earnings (loss) per share	$	3.72	$	(0.16)	$	6.07	$	(0.16)

Diluted earnings (loss) per share
Numerator:
Net income attributable to Albemarle Corporation	$	479,959	$	22,897	$	799,050	$	64,245
Mandatory convertible preferred stock dividends	—		(41,687)		—		(83,375)
Net income (loss) attributable to Albemarle Corporation common shareholders	$	479,959	$	(18,790)	$	799,050	$	(19,130)
Denominator:
Weighted-average common shares for basic earnings (loss) per share	117,961		117,665		117,907		117,634
Incremental shares under mandatory convertible preferred stock	17,521		—		17,521		—
Incremental shares under stock compensation plans	730		—		742		—
Weighted-average common shares for diluted earnings (loss) per share	136,212		117,665		136,170		117,634
Diluted earnings (loss) per share	$	3.52	$	(0.16)	$	5.87	$	(0.16)

The following table summarizes the number of shares, calculated on a weighted average basis, not included in the computation of diluted earnings per share because their effect would have been anti-dilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Shares assuming the conversion of the mandatory convertible preferred stock	—	21,022	—	21,022
Shares under the stock compensation plans	90	1,543	90	1,352