v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Accumulated Other Comprehensive Loss [Member]
Retained Earnings [Member]
Beginning Balance (in shares) at Dec. 31, 2024   80,039    
Shares issued   1,070    
Ending Balance (in shares) at Jun. 30, 2025   81,109    
Beginning Balance at Dec. 31, 2024   $ 1,720 $ 0 $ 871
Equity compensation expense   7    
Issuance of common stock, net of issuance costs   35    
Payment of minimum tax withholdings for share-based payment awards   (2)    
Other comprehensive loss     0  
Net income $ 93     93
Dividends on common stock       (79)
Ending Balance at Jun. 30, 2025 $ 2,645 $ 1,760 0 885
Dividends declared per common share $ 0.98      
Beginning Balance (in shares) at Mar. 31, 2025   80,561    
Shares issued   548    
Ending Balance (in shares) at Jun. 30, 2025   81,109    
Beginning Balance at Mar. 31, 2025   $ 1,737 0 912
Equity compensation expense   4    
Issuance of common stock, net of issuance costs   19    
Payment of minimum tax withholdings for share-based payment awards   0    
Other comprehensive loss     0  
Net income $ 14     14
Dividends on common stock       (41)
Ending Balance at Jun. 30, 2025 $ 2,645 $ 1,760 0 885
Dividends declared per common share $ 0.49      
Beginning Balance (in shares) at Dec. 31, 2025 82,193 82,193    
Shares issued   1,559    
Ending Balance (in shares) at Jun. 30, 2026 83,752 83,752    
Beginning Balance at Dec. 31, 2025 $ 2,709 $ 1,805 (1) 905
Equity compensation expense   9    
Issuance of common stock, net of issuance costs   58    
Payment of minimum tax withholdings for share-based payment awards   (1)    
Other comprehensive loss     0  
Net income 127     127
Dividends on common stock       (81)
Ending Balance at Jun. 30, 2026 $ 2,821 $ 1,871 (1) 951
Dividends declared per common share $ 0.985      
Beginning Balance (in shares) at Mar. 31, 2026   82,638    
Shares issued   1,114    
Ending Balance (in shares) at Jun. 30, 2026 83,752 83,752    
Beginning Balance at Mar. 31, 2026   $ 1,821 (1) 956
Equity compensation expense   6    
Issuance of common stock, net of issuance costs   44    
Payment of minimum tax withholdings for share-based payment awards   0    
Other comprehensive loss     0  
Net income $ 35     35
Dividends on common stock       (40)
Ending Balance at Jun. 30, 2026 $ 2,821 $ 1,871 $ (1) $ 951
Dividends declared per common share $ 0.493