Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023 was as follows (in thousands, except share and per share amounts):


	For the three months ended June 30,				For the six months ended June 30,
	2024		2023		2024		2023
Net income attributable to Altus Power, Inc.	37,645		6,825		45,154		12,442
Income attributable to participating securities(1)	(188)		(43)		(226)		(79)
Net income attributable to common stockholders - basic and diluted	37,457		6,782		44,928		12,363
Class A Common Stock
Weighted average shares of common stock outstanding - basic(2)	159,902,589		158,719,684		159,464,164		158,670,950
Dilutive restricted stock	—		258,591		—		258,708
Dilutive RSUs	3,683,063		—		6,036,274		1,817,387
Weighted average shares of common stock outstanding - diluted	163,585,652		158,978,275		165,500,438		160,747,045
Net income attributable to common stockholders per share - basic	$	0.23	$	0.04	$	0.28	$	0.08
Net income attributable to common stockholders per share - diluted	$	0.23	$	0.04	$	0.27	$	0.08

(1) Represents the income attributable to 796,950 and 1,006,250 Alignment Shares outstanding as of June 30, 2024 and 2023, respectively.

(2) For the three months and six months ended June 30, 2023, the calculation of basic weighted average shares of common stock outstanding excludes 271,259 of the Company's Class A common stock provided to holders of the common stock of the Company prior to the Merger, that are subject to vesting conditions.