Earnings (Loss) per share is calculated using the two-class method and presented on a combined basis since the Class A common stock and the Class B common stock have identical rights and privileges, except for voting rights. The following table sets forth the computation of net income (loss) per share attributable to the Class A and the Class B common stock outstanding (amounts in millions, except per share amounts):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024

Net income (loss)	$	550	$	(294)	$	1,542	$	756
Less: Net income attributable to redeemable stock of subsidiary	44		37		121		107
Less: Net income attributable to non-controlling interests	10		15		26		44
Less: Dividends on VGLNG Series A preferred shares	67		1		202		1
Net income (loss) attributable to common stockholders	$	429	$	(347)	$	1,193	$	604

Weighted average shares of common stock outstanding
Basic	2,433		2,350		2,418		2,350
Dilutive stock options outstanding	208		—		221		227
Diluted	2,641		2,350		2,639		2,577
Net income (loss) attributable to common stockholders per share—basic(a)	$	0.18	$	(0.15)	$	0.49	$	0.26
Net income (loss) attributable to common stockholders per share—diluted(a)	$	0.16	$	(0.15)	$	0.45	$	0.23

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As of September 30, 2025, 14 million outstanding stock options to purchase the Company's Class A common stock were excluded from the calculation of diluted net income attributable to common stockholders for the three and nine months ended September 30, 2025, because their effect would have been anti-dilutive.

As of September 30, 2024, 223 million and 1 million outstanding stock options to purchase the Company's Class A common stock were excluded from the calculation of diluted net income (loss) attributable to common stockholders for the three and nine months ended September 30, 2024, respectively, because their effect would have been anti-dilutive.