| Schedule of Earnings Per Share, Basic and Diluted |
The following table reflects the allocation of net income to common stockholders and net income per share computations for the periods indicated based on a weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (In thousands, except per share data) | June 30, 2024 | | June 30, 2023 | | June 30, 2024 | | June 30, 2023 | | Basic Net Income Per Share | | | | | | | | | Numerator: | | | | | | | | | Net income attributable to Liberty Energy Inc. stockholders | $ | 108,421 | | | $ | 152,671 | | | $ | 190,313 | | | $ | 315,326 | | | Denominator: | | | | | | | | | Basic weighted average common shares outstanding | 166,210 | | | 173,131 | | | 166,268 | | | 174,840 | | | Basic net income per share attributable to Liberty Energy Inc. stockholders | $ | 0.65 | | | $ | 0.88 | | | $ | 1.14 | | | $ | 1.80 | | | Diluted Net Income Per Share | | | | | | | | | Numerator: | | | | | | | | | Net income attributable to Liberty Energy Inc. stockholders | $ | 108,421 | | | $ | 152,671 | | | $ | 190,313 | | | $ | 315,326 | | | Effect of exchange of the shares of Class B Common Stock for shares of Class A Common Stock | — | | | — | | | — | | | 71 | | | Diluted net income attributable to Liberty Energy Inc. stockholders | $ | 108,421 | | | $ | 152,671 | | | $ | 190,313 | | | $ | 315,397 | | | Denominator: | | | | | | | | | Basic weighted average shares outstanding | 166,210 | | | 173,131 | | | 166,268 | | | 174,840 | | | Effect of dilutive securities: | | | | | | | | | Restricted stock units | 3,459 | | | 3,094 | | | 4,379 | | | 3,955 | | | Class B Common Stock | — | | | — | | | — | | | 42 | | | Diluted weighted average shares outstanding | 169,669 | | | 176,225 | | | 170,647 | | | 178,837 | | | Diluted net income per share attributable to Liberty Energy Inc. stockholders | $ | 0.64 | | | $ | 0.87 | | | $ | 1.12 | | | $ | 1.76 | |
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