Earnings (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except per-share amounts):

 

	Successor		Predecessor
	Period from March 13, 2025 through March 31, 2025		Period from January 1, 2025 through March 12, 2025		Three Months Ended March 31, 2024
Numerator
Net income (loss)	$	(10,936)	$	72,216	$	(142,635)
Denominator
Weighted-average shares outstanding, basic	19,685		109,525		109,430
Effect of dilutive shares	—		—		—
Adjusted weighted-average shares outstanding, diluted	19,685		109,525		109,430
Earnings (loss) per share
Basic earnings (loss) per common share	$	(0.56)	$	0.66	$	(1.30)
Diluted earnings (loss) per common share	$	(0.56)	$	0.66	$	(1.30)