v3.26.1
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Note 4 - Earnings (Loss) Per Share
Basic earnings (loss) per share (“EPS”) is calculated by dividing net income (loss) attributable to common shareholders by the
weighted average number of shares of common stock outstanding during the period, excluding shares held in treasury (if any) and held
by the Employee Benefit Trust established by the Company in March 2022 to benefit its employees (“EBT”). Diluted EPS reflects the
potential dilution that could occur if share-based compensation awards were exercised or converted into shares, except when their
effect would be anti-dilutive. Refer to Note 7 for additional information regarding the EBT.
The following table presents the reconciliation of the numerators and denominators used in the calculation of basic and diluted EPS for
the periods presented:
(In thousands, except share and per share
data)
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Net income (loss) attributable to DEC
$246,949
$297,738
$86,332
$(25,460)
Weighted average shares outstanding - basic
72,296,949
78,936,076
73,767,908
68,821,946
Dilutive impact of potential shares
2,408,145
2,202,776
2,204,879
Weighted average shares outstanding -
diluted
74,705,094
81,138,852
75,972,787
68,821,946
Basic earnings (loss) per share
$3.42
$3.77
$1.17
$(0.37)
Diluted earnings (loss) per share
$3.31
$3.67
$1.14
$(0.37)
Potentially dilutive shares(a)
312,557
3,921
249,757
3,510
(a)Share-based compensation awards excluded from the diluted EPS calculation because their effect would have been anti-dilutive.