v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024   119,143,782        
Beginning balance at Dec. 31, 2024 $ 6,857,478 $ 3,121,617 $ (3,323) $ 3,666,959 $ (30,942) $ 103,167
Beginning balance, treasury stock (in shares) at Dec. 31, 2024     (46,968)      
Increase (Decrease) in Shareholders' Equity            
Net income 196,532     187,920   8,612
Other comprehensive income 501       501  
Dividends on common stock (213,731)     (213,731)    
Issuance of common stock (in shares) [1]   329,157        
Issuance of common stock [1] (2,213) $ (2,213)        
Capital activities by noncontrolling interests (10,628)         (10,628)
Other 1         1
Ending balance (in shares) at Jun. 30, 2025   119,472,939        
Ending balance at Jun. 30, 2025 6,827,940 $ 3,119,404 $ (3,323) 3,641,148 (30,441) 101,152
Ending balance, treasury stock (in shares) at Jun. 30, 2025     (46,968)      
Beginning balance (in shares) at Mar. 31, 2025   119,445,299        
Beginning balance at Mar. 31, 2025 6,845,982 $ 3,109,612 $ (3,323) 3,662,313 (30,094) 107,474
Beginning balance, treasury stock (in shares) at Mar. 31, 2025     (46,968)      
Increase (Decrease) in Shareholders' Equity            
Net income 196,870     192,564   4,306
Other comprehensive income (347)       (347)  
Dividends on common stock (213,731)     (213,731)    
Issuance of common stock (in shares) [2]   27,640        
Issuance of common stock [2] 9,792 $ 9,792        
Capital activities by noncontrolling interests (10,628)         (10,628)
Other 2     2    
Ending balance (in shares) at Jun. 30, 2025   119,472,939        
Ending balance at Jun. 30, 2025 $ 6,827,940 $ 3,119,404 $ (3,323) 3,641,148 (30,441) 101,152
Ending balance, treasury stock (in shares) at Jun. 30, 2025     (46,968)      
Beginning balance (in shares) at Dec. 31, 2025 120,950,839 120,950,839        
Beginning balance at Dec. 31, 2025 $ 7,087,075 $ 3,231,372 $ (3,323) 3,850,817 (32,408) 40,617
Beginning balance, treasury stock (in shares) at Dec. 31, 2025 (46,968)   (46,968)      
Increase (Decrease) in Shareholders' Equity            
Net income $ 215,881     211,494   4,387
Other comprehensive income 1,374       1,374  
Dividends on common stock (220,565)     (220,565)    
Issuance of common stock (in shares) [3]   287,648        
Issuance of common stock [3] (4,010) $ (4,010)        
Capital activities by noncontrolling interests (4,672)         (4,672)
Other $ 4     3   1
Ending balance (in shares) at Jun. 30, 2026 121,238,487 121,238,487        
Ending balance at Jun. 30, 2026 $ 7,075,087 $ 3,227,362 $ (3,323) 3,841,749 (31,034) 40,333
Ending balance, treasury stock (in shares) at Jun. 30, 2026 (46,968)   (46,968)      
Beginning balance (in shares) at Mar. 31, 2026   121,233,629        
Beginning balance at Mar. 31, 2026 $ 7,110,968 $ 3,219,691 $ (3,323) 3,883,738 (31,949) 42,811
Beginning balance, treasury stock (in shares) at Mar. 31, 2026     (46,968)      
Increase (Decrease) in Shareholders' Equity            
Net income 180,767     178,574   2,193
Other comprehensive income 915       915  
Dividends on common stock (220,565)     (220,565)    
Issuance of common stock (in shares) [4]   4,858        
Issuance of common stock [4] 7,671 $ 7,671        
Capital activities by noncontrolling interests (4,672)         (4,672)
Other $ 3     2   1
Ending balance (in shares) at Jun. 30, 2026 121,238,487 121,238,487        
Ending balance at Jun. 30, 2026 $ 7,075,087 $ 3,227,362 $ (3,323) $ 3,841,749 $ (31,034) $ 40,333
Ending balance, treasury stock (in shares) at Jun. 30, 2026 (46,968)   (46,968)      
[1] See Note 13 for information related to our equity forward sale agreements.
[2]
See Note 13 for information related to our equity forward sale agreements.
[3] See Note 13 for information related to our equity forward sale agreements.
[4]
See Note 13 for information related to our equity forward sale agreements.