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INCOME TAXES
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The following table provides the Company’s provision for (benefit from) income taxes and the effective income tax rate for the dates indicated:

Three Months Ended June 30,Six Months Ended June 30,
2026
2025
2026
2025
(In millions, except for tax rate)
Provision for (benefit from) income taxes$72 $7 $100 $28 
Effective tax rate17.9 %7.7 %15.5 %10.6 %

The Company’s effective income tax rates for the three and six months ended June 30, 2026, differed from the amounts computed by applying the United States federal statutory tax rate to pre-tax income for the periods primarily due to net income attributable to the non-controlling interest and changes to the estimated deferred taxes recognized in connection with the closing of the Sitio Acquisition. The Company’s effective income tax rates for the three and six months ended June 30, 2025, differed from the amounts computed by applying the United States federal statutory tax rate to pre-tax income for the periods primarily due to net income attributable to the non-controlling interest.

During the six months ended June 30, 2026, the Company recognized an $85 million increase in its deferred tax asset through additional paid-in capital, including $61 million in connection with the 2026 Secondary Offering.