| Schedule of Computation of Basic and Diluted Net Income (Loss) per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands, except per share amounts) | | Numerator: | | | | | | | | | Net income (loss) | $ | (591) | | | $ | (10,269) | | | $ | 73,937 | | | $ | 158,143 | | | | | | | | | | | Less: net (income) loss attributable to noncontrolling interests | (1,576) | | | 762 | | | (3,186) | | | (2,526) | | | Less: net (income) loss attributable to redeemable noncontrolling interests | — | | | — | | | — | | | (14,050) | | | Net income (loss) attributable to Crescent Energy - basic | $ | (2,167) | | | $ | (9,507) | | | $ | 70,751 | | | $ | 141,567 | | | Add: Reallocation of net income attributable to redeemable noncontrolling interest for the dilutive effect of RSUs | — | | | — | | | — | | | (6) | | | Add: Reallocation of net income attributable to redeemable noncontrolling interest for the dilutive effect of PSUs | — | | | — | | | — | | | (307) | | | | | | | | | | | Net income (loss) attributable to Crescent Energy - diluted | $ | (2,167) | | | $ | (9,507) | | | $ | 70,751 | | | $ | 141,254 | | | Denominator: | | | | | | | | | Weighted-average Class A Common Stock outstanding - basic | 330,421 | | | 254,621 | | | 329,667 | | | 233,261 | | | Add: dilutive effect of RSUs | — | | | — | | | 579 | | | 159 | | | Add: dilutive effect of PSUs | — | | | — | | | 11,503 | | | 2,609 | | | | | | | | | | | Weighted-average Class A Common Stock outstanding – diluted | 330,421 | | | 254,621 | | | 341,749 | | | 236,029 | | | Weighted-average Class B Common Stock outstanding – basic and diluted | — | | | — | | | — | | | 22,207 | | | Net income (loss) per share: | | | | | | | | | Class A Common Stock – basic | $ | (0.01) | | | $ | (0.04) | | | $ | 0.21 | | | $ | 0.61 | | | Class A Common Stock – diluted | $ | (0.01) | | | $ | (0.04) | | | $ | 0.21 | | | $ | 0.60 | | | Class B Common Stock – basic and diluted | $ | — | | | $ | — | | | $ | — | | | $ | — | |
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