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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income Per Share of Common Stock

The following table sets forth the computation of basic and diluted net income per share of common stock:

 

 

For the Three Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Net income

 

$

13,339

 

 

$

10,100

 

 

$

33,657

 

 

$

24,661

 

Net income attributable to participating APC RSUs

 

 

(18

)

 

 

—

 

 

 

(18

)

 

 

—

 

Net income attributable to common stockholders — Basic
  and Diluted

 

$

13,321

 

 

$

10,100

 

 

$

33,639

 

 

$

24,661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

47,570

 

 

 

35,000

 

 

 

45,454

 

 

 

35,000

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

  APC RSUs and APC PSUs

 

 

15

 

 

 

—

 

 

 

9

 

 

 

—

 

Weighted average common shares outstanding — Diluted

 

 

47,585

 

 

 

35,000

 

 

 

45,463

 

 

 

35,000

 

Net income per share — Basic

 

$

0.28

 

 

$

0.29

 

 

$

0.74

 

 

$

0.70

 

Net income per share — Diluted

 

$

0.28

 

 

$

0.29

 

 

$

0.74

 

 

$

0.70