v3.26.1
Shareholders' Equity
 9 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
The following tables present a reconciliation of changes in stockholders' equity for the three and nine months ended June 30, 2026 and 2025.
Common stockAdditional
Paid-in
Capital		Accumulated
Other
Comprehensive Income
(Loss)		Retained
Earnings		Total
Number of
Shares		Stated
Value
(In thousands, except share and per share data)
Balance, September 30, 2025
161,568,384 $808 $8,221,455 $475,015 $4,861,612 $13,558,890 
Net income— — — — 402,964 402,964 
Other comprehensive loss— — — (4,805)— (4,805)
Cash dividends ($1.00 per share)
— — — — (160,407)(160,407)
Common stock issued:
Public and other stock offerings3,709,647 18 474,625 — — 474,643 
Stock-based compensation plans156,446 1 11,606 — — 11,607 
Balance, December 31, 2025165,434,477 827 8,707,686 470,210 5,104,169 14,282,892 
Net income— — — — 581,899 581,899 
Other comprehensive loss— — — (4,938)— (4,938)
Cash dividends ($1.00 per share)
— — — — (168,760)(168,760)
Common stock issued:
Public and other stock offerings1,445,607 7 205,376 — — 205,383 
Stock-based compensation plans38,226 1 12,173 — — 12,174 
Balance, March 31, 2026166,918,310 835 8,925,235 465,272 5,517,308 14,908,650 
Net income— — — — 242,689 242,689 
Other comprehensive loss— — — (4,865)— (4,865)
Cash dividends ($1.00 per share)
— — — — (169,142)(169,142)
Common stock issued:
Public and other stock offerings2,001,479 10 274,109 — — 274,119 
Stock-based compensation plans66,460 — 6,607 — — 6,607 
Balance, June 30, 2026168,986,249 $845 $9,205,951 $460,407 $5,590,855 $15,258,058 
Common stockAdditional
Paid-in
Capital		Accumulated
Other
Comprehensive Income
(Loss)		Retained
Earnings		Total
Number of
Shares		Stated
Value
(In thousands, except share and per share data)
Balance, September 30, 2024
155,258,845 $776 $7,474,559 $465,715 $4,216,619 $12,157,669 
Net income— — — — 351,858 351,858 
Other comprehensive income— — — 16,423 — 16,423 
Cash dividends ($0.87 per share)
— — — — (135,453)(135,453)
Common stock issued:
Public and other stock offerings3,329,358 17 383,520 — — 383,537 
Stock-based compensation plans137,862 1 6,446 — — 6,447 
Balance, December 31, 2024158,726,065 794 7,864,525 482,138 4,433,024 12,780,481 
Net income— — — — 485,576 485,576 
Other comprehensive loss— — — (5,587)— (5,587)
Cash dividends ($0.87 per share)
— — — — (138,416)(138,416)
Common stock issued:
Public and other stock offerings26,367 — 3,841 — — 3,841 
Stock-based compensation plans82,691 — 12,070 — — 12,070 
Balance, March 31, 2025158,835,123 794 7,880,436 476,551 4,780,184 13,137,965 
Net income— — — — 186,429 186,429 
Other comprehensive income— — — 1,409 — 1,409 
Cash dividends ($0.87 per share)
— — — — (138,443)(138,443)
Common stock issued:
Public and other stock offerings1,630,943 8 192,749 — — 192,757 
Stock-based compensation plans54,945 1 5,720 — — 5,721 
Balance, June 30, 2025160,521,011 $803 $8,078,905 $477,960 $4,828,170 $13,385,838 
Shelf Registration, At-the-Market Equity Sales Program and Equity Issuances
We have a shelf registration statement on file with the Securities and Exchange Commission (SEC) that allows us to issue up to $8.0 billion in common stock and/or debt securities, which expires December 3, 2027. At June 30, 2026, $4.5 billion of securities were available for issuance under this shelf registration statement.
We also have an at-the-market (ATM) equity sales program under which we may issue and sell shares of our common stock up to an aggregate offering price of $1.7 billion through December 3, 2027 (including shares of common stock that may be sold pursuant to forward sale agreements entered into concurrently with the ATM equity sales program).
During the nine months ended June 30, 2026, we settled forward sale agreements with respect to 7,084,863 shares that had been borrowed and sold by various forward sellers under the ATM program for net proceeds of $941.7 million. As of June 30, 2026, $506.5 million of equity was available for issuance under our existing ATM program. Additionally, we had $936.8 million in available proceeds from outstanding forward sale agreements, as detailed below.
MaturityShares AvailableNet Proceeds Available
(In thousands)		Forward Price
December 31, 20262,377,352 $334,047 $140.51 
March 31, 20271,873,444 287,072 $153.23 
June 30, 20271,878,143 315,722 $168.10 
Total6,128,939 $936,841 $152.86 
Accumulated Other Comprehensive Income (Loss)
We record deferred gains (losses) in AOCI related to available-for-sale debt securities and interest rate agreement cash flow hedges. Deferred gains (losses) for our available-for-sale debt securities are recognized in earnings upon settlement, while
deferred gains (losses) related to our interest rate agreement cash flow hedges are recognized in earnings on a straight-line basis over the life of the related financing. The following tables provide the components of our accumulated other comprehensive income (loss) balances, net of the related tax effects allocated to each component of other comprehensive income (loss).
Available-
for-Sale
Securities		Interest Rate
Agreement
Cash Flow
Hedges		Total
(In thousands)
September 30, 2025$209 $474,806 $475,015 
Other comprehensive income (loss) before reclassifications(242)— (242)
Amounts reclassified from accumulated other comprehensive income— (14,366)(14,366)
Net current-period other comprehensive income (loss)(242)(14,366)(14,608)
June 30, 2026$(33)$460,440 $460,407 
 
Available-
for-Sale
Securities		Interest Rate
Agreement
Cash Flow
Hedges		Total
(In thousands)
September 30, 2024$213 $465,502 $465,715 
Other comprehensive income (loss) before reclassifications(34)23,400 23,366 
Amounts reclassified from accumulated other comprehensive income— (11,121)(11,121)
Net current-period other comprehensive income (loss)(34)12,279 12,245 
June 30, 2025$179 $477,781 $477,960