Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Allocation of Net Income to Common Stockholders and EPS Computations

The following table reflects the allocation of net loss to common stockholders and EPS computations for the periods indicated based on a weighted average number of common stock outstanding for the period:

	Three Months Ended March 31,
	2020		2019
Basic EPS (in thousands, except per share data)
Numerator:
Basic net loss attributable to Parsley Energy, Inc. Stockholders	$	(3,366,400)	$	(24,064)
Denominator:
Basic weighted average shares outstanding	366,064		278,794
Basic EPS attributable to Parsley Energy, Inc. Stockholders	$	(9.20)	$	(0.09)
Diluted EPS
Numerator:
Net loss attributable to Parsley Energy, Inc. Stockholders	(3,366,400)		(24,064)
Diluted net loss attributable to Parsley Energy, Inc. Stockholders	$	(3,366,400)	$	(24,064)
Denominator:
Basic weighted average shares outstanding	366,064		278,794
Effect of dilutive securities:
Time-Based Restricted Stock and Time-Based Restricted Stock Units	—		—
Diluted weighted average shares outstanding(1)	366,064		278,794
Diluted EPS attributable to Parsley Energy, Inc. Stockholders	$	(9.20)	$	(0.09)

(1)  As of March 31, 2020, there were 452,007 outstanding shares of performance-based restricted stock (“PSAs) and 799,166 outstanding performance-based restricted stock units (“PSUs”). As of March 31, 2019, there were 836,221 outstanding PSAs and 376,166 outstanding PSUs. PSAs and PSUs could vest in the future

based on predetermined performance goals. These awards were not included in the computation of EPS for either the three months ended March 31, 2020 or 2019 because the performance conditions of these awards have not been satisfied assuming the end of the reporting period was the end of the contingency period.

Summary of Noncontrolling Interest Income (Loss)

The following table summarizes the net income (loss) attributable to noncontrolling interests (in thousands):

	Three Months Ended March 31,
	2020		2019
Net income (loss) attributable to the noncontrolling interests of:
Parsley LLC	$	(369,696)	$	(3,941)
Pacesetter Drilling, LLC	—		2
Total net loss attributable to noncontrolling interests	$	(369,696)	$	(3,939)

Dividends Declared

The following table sets forth information with respect to cash dividends and distributions declared by the Company’s board of directors during the three months ended March 31, 2020, on its own behalf and in its capacity as the managing member of Parsley LLC, on issued and outstanding shares of Class A common stock and PE Units:

Declaration Date	Record Date	Payment Date	Dividend/Distribution Amount(1)		Total Dividend/Distribution Payment(2) (in thousands)
January 23, 2020	March 10, 2020	March 20, 2020	$	0.05	$	20,603

(1)  Per share of Class A common stock and per PE Unit. The portion of the Parsley LLC distribution attributable to PE Units held by the Company was used to fund the quarterly dividend on issued and outstanding shares of Class A common stock.

(2)  Reflects total cash dividend and distribution payments made to holders of Class A common stock and PE Unitholders (other than the Company) as of the applicable record date.