Callon Petroleum Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
	(In thousands, except per share amounts)



Net Loss	($11,695)	($1,564,731)	($92,102)	($1,348,166)
Basic weighted average common shares outstanding (1)	46,267	39,707	44,439	39,687
Dilutive impact of restricted stock (1)	—	—	—	—
Dilutive impact of warrants (1)	—	—	—	—
Diluted weighted average common shares outstanding (1)	46,267	39,707	44,439	39,687

Net Loss Per Common Share (1)
Basic	($0.25)	($39.41)	($2.07)	($33.97)
Diluted	($0.25)	($39.41)	($2.07)	($33.97)

Restricted stock (1)(2)	140	432	882	424
Warrants (1)(2)	1,066	481	3,433	481

(1) Shares and per share data have been retroactively adjusted to reflect the Company’s 1-for-10 reverse stock split effective August 7, 2020. See “Note 11 - Stockholders’ Equity” for additional information.

(2) Shares excluded from the diluted earnings per share calculation as their effect would be anti-dilutive.