v3.26.1
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, 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 1,752 $ 330 1,422    
Stock-based compensation (in shares)   658      
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 (2,728) $ 75 (2,803)    
Stock-based compensation (in shares)   150      
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
Beginning balance (in shares) at Dec. 31, 2025   293,055      
Beginning balance at Dec. 31, 2025 2,962,903 $ 146,527 1,376,053 1,124,230 316,093
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 3,231 $ 321 2,910    
Stock-based compensation (in shares)   641      
Net income (loss) 112,499     107,450 5,049
Distributions to noncontrolling interest (8,217)       (8,217)
Ending balance (in shares) at Mar. 31, 2026   293,696      
Ending balance at Mar. 31, 2026 3,070,416 $ 146,848 1,378,963 1,231,680 312,925
Beginning balance (in shares) at Dec. 31, 2025   293,055      
Beginning balance at Dec. 31, 2025 2,962,903 $ 146,527 1,376,053 1,124,230 316,093
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 127,499        
Ending balance (in shares) at Jun. 30, 2026   293,621      
Ending balance at Jun. 30, 2026 3,163,578 $ 146,810 1,191,881 1,240,446 584,441
Beginning balance (in shares) at Mar. 31, 2026   293,696      
Beginning balance at Mar. 31, 2026 3,070,416 $ 146,848 1,378,963 1,231,680 312,925
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 7,058 $ (38) 7,096    
Stock-based compensation (in shares)   (75)      
Net income (loss) 15,000     8,766 6,234
Redemption of noncontrolling interest (445,000)   (145,000)   (300,000)
Contributions from noncontrolling interest, net of transaction costs 581,654       581,654
Deferred tax effect of ownership change in noncontrolling interest (49,178)   (49,178)    
Distributions to noncontrolling interest (16,372)       (16,372)
Ending balance (in shares) at Jun. 30, 2026   293,621      
Ending balance at Jun. 30, 2026 $ 3,163,578 $ 146,810 $ 1,191,881 $ 1,240,446 $ 584,441