v3.26.1
Interest
 6 Months Ended
Jun. 30, 2026
Interest Expense, Operating and Nonoperating [Abstract]  
Interest

5.

Interest

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense on:

 

 

 

 

 

 

 

 

 

 

 

 

Debt

 

$

92

 

 

$

91

 

 

$

189

 

 

$

188

 

Finance leases

 

 

4

 

 

 

1

 

 

 

5

 

 

 

1

 

Other

 

 

4

 

 

 

3

 

 

 

10

 

 

 

3

 

 

 

$

100

 

 

$

95

 

 

$

204

 

 

$

192

 

 

Interest expense on debt for the three and six months ended June 30, 2026, includes a one-time make-whole interest payment of approximately $20 million resulting from the early redemption of the Company’s $700 million, 5.65 percent senior notes due May 15, 2028, as discussed in Note 12. Additionally, interest expense on debt for the six months ended June 30, 2026, includes $4 million of financing fees associated with the Term Credit Agreement related to the NuVista Acquisition as defined in Note 9.

 

For the six months ended June 30, 2025, interest expense on debt includes $5 million of financing fees associated with two term facilities which were terminated in January 2025, following the closing of the Uinta divestiture and the Montney Acquisition as described in Note 8.