Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The Transaction was structured as a reverse recapitalization by which the Company issued stock for the net assets of Rosehill Operating accompanied by a recapitalization. Earnings per share has been recast for all historical periods to reflect the Company’s capital structure for all comparative periods.  
 
The following table sets forth the calculation of basic and diluted weighted average shares outstanding and earnings per share for the indicated periods:
 
 
 
Three Months
 
Nine Months
 
 
Ended September 30,
 
Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(In thousands, except per share data)
Net income (loss) (numerator):
 
 

 
 

 
 

 
 

Basic:
 
 

 
 

 
 

 
 

Net income (loss) attributable to common stockholders of Rosehill Resources Inc.
 
$
(31,368
)
 
$
(464
)
 
$
(23,510
)
 
$
(3,207
)
Diluted:
 
 

 
 

 
 

 
 

Net income (loss) attributable to common stockholders of Rosehill Resources Inc. - diluted
 
$
(31,368
)
 
$
(464
)
 
$
(23,510
)
 
$
(3,207
)
 
 
 
 
 
 
 
 
 
Weighted average shares (denominator):
 
 

 
 

 
 

 
 

Weighted average shares – basic
 
6,592

 
5,857

 
6,416

 
5,857

Weighted average shares – diluted
 
6,592

 
5,857

 
6,416

 
5,857

Basic loss per share
 
$
(4.76
)
 
$
(0.08
)
 
$
(3.66
)
 
$
(0.55
)
Diluted loss per share
 
$
(4.76
)
 
$
(0.08
)
 
$
(3.66
)
 
$
(0.55
)
 
For the three months ended September 30, 2018, the Company excluded 29.8 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, 8.7 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock, and 1.0 million shares of Class A Common Stock issuable upon vesting under the Company’s Long-Term Incentive Plan from the computation of diluted earnings per share because the effect of such events was anti-dilutive. For the nine months ended September 30, 2018, the Company excluded 29.8 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, 8.6 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock, and 1.0 million shares of Class A Common Stock issuable upon vesting under the Company’s Long-Term Incentive Plan from the computation of diluted earnings per share because the effect of such events was anti-dilutive.

For the three months ended September 30, 2017, the Company excluded 29.8 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, and 8.4 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock from the computation of diluted earnings per share because the effect of such events was anti-dilutive. For the nine months ended September 30, 2017, the Company excluded 29.8 million shares of Class A Common Stock issuable upon exchange of the Company’s Class B Common Stock, 25.6 million shares of Class A Common Stock issuable upon exercise of the Company’s warrants, and 8.3 million shares of Class A Common Stock issuable upon conversion of the Company’s Series A Preferred Stock from the computation of diluted earnings per share because the effect of such events was anti-dilutive.