v3.25.2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Shares
Additional Paid-in Capital
Accumulated Earnings
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2023   278,430      
Beginning balance at Dec. 31, 2023 $ 2,383,191 $ 139,214 $ 1,260,930 $ 958,270 $ 24,777
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation (in shares)   1,272      
Stock-based compensation 3,415 $ 637 2,778    
Issuance of common stock (in shares)   12,500      
Issuance of common stock 100,450 $ 6,250 94,200    
Net income (loss) (14,474)     (16,321) 1,847
Contributions from noncontrolling interest 6,000       6,000
Ending balance (in shares) at Mar. 31, 2024   292,202      
Ending balance at Mar. 31, 2024 2,478,582 $ 146,101 1,357,908 941,949 32,624
Beginning balance (in shares) at Dec. 31, 2023   278,430      
Beginning balance at Dec. 31, 2023 2,383,191 $ 139,214 1,260,930 958,270 24,777
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (137,723)        
Ending balance (in shares) at Jun. 30, 2024   292,261      
Ending balance at Jun. 30, 2024 2,365,905 $ 146,130 1,358,549 815,639 45,587
Beginning balance (in shares) at Mar. 31, 2024   292,202      
Beginning balance at Mar. 31, 2024 2,478,582 $ 146,101 1,357,908 941,949 32,624
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation (in shares)   59      
Stock-based compensation 709 $ 29 680    
Stock issuance costs (39)   (39)    
Net income (loss) (123,249)     (126,310) 3,061
Contributions from noncontrolling interest 11,000       11,000
Distributions to noncontrolling interest (1,098)       (1,098)
Ending balance (in shares) at Jun. 30, 2024   292,261      
Ending balance at Jun. 30, 2024 2,365,905 $ 146,130 1,358,549 815,639 45,587
Beginning balance (in shares) at Dec. 31, 2024   292,261      
Beginning balance at Dec. 31, 2024 2,333,544 $ 146,130 1,366,274 728,619 92,521
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation (in shares)   658      
Stock-based compensation 1,752 $ 330 1,422    
Net income (loss) (115,393)     (121,278) 5,885
Contributions from noncontrolling interest 59,500       59,500
Distributions to noncontrolling interest (2,219)       (2,219)
Ending balance (in shares) at Mar. 31, 2025   292,919      
Ending balance at Mar. 31, 2025 2,277,184 $ 146,460 1,367,696 607,341 155,687
Beginning balance (in shares) at Dec. 31, 2024   292,261      
Beginning balance at Dec. 31, 2024 2,333,544 $ 146,130 1,366,274 728,619 92,521
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 15,335        
Ending balance (in shares) at Jun. 30, 2025   293,069      
Ending balance at Jun. 30, 2025 2,434,867 $ 146,535 1,364,857 732,183 191,292
Beginning balance (in shares) at Mar. 31, 2025   292,919      
Beginning balance at Mar. 31, 2025 2,277,184 $ 146,460 1,367,696 607,341 155,687
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation (in shares)   150      
Stock-based compensation (2,728) $ 75 (2,803)    
Stock issuance costs (36)   (36)    
Net income (loss) 130,728     124,842 5,886
Contributions from noncontrolling interest 33,000       33,000
Distributions to noncontrolling interest (3,281)       (3,281)
Ending balance (in shares) at Jun. 30, 2025   293,069      
Ending balance at Jun. 30, 2025 $ 2,434,867 $ 146,535 $ 1,364,857 $ 732,183 $ 191,292