v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) (in thousands, except share data and dividends per share) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Net dividends declared per common share $ 0.20        
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2024   114,461,934      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2024 $ 4,237,000 $ 1,000 $ 1,502,000 $ 2,735,000 $ (1,000)
Increase (Decrease) in Stockholders' Equity          
Net income 182,000     182,000  
Net cash dividends declared (23,000)     (23,000)  
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   284      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) 0        
Stock-based compensation expense (Amount) 7,000   7,000    
Balances, Common Stock, Shares Outstanding, Ending at Mar. 31, 2025   114,462,218      
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2025 4,404,000 $ 1,000 1,509,000 2,895,000 (1,000)
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2024   114,461,934      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2024 4,237,000 $ 1,000 1,502,000 2,735,000 (1,000)
Increase (Decrease) in Stockholders' Equity          
Net income 384,000        
Other comprehensive income $ 0        
Stock Repurchased and Retired During Period (Shares) 0        
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2025   114,634,725      
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2025 $ 4,590,000 $ 1,000 1,517,000 3,074,000 (1,000)
Net dividends declared per common share $ 0.20        
Balances, Common Stock, Shares Outstanding, Beginning at Mar. 31, 2025   114,462,218      
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2025 $ 4,404,000 $ 1,000 1,509,000 2,895,000 (1,000)
Increase (Decrease) in Stockholders' Equity          
Net income 202,000     202,000  
Other comprehensive income 0        
Net cash dividends declared (23,000)     (23,000)  
Issuance of common stock under Employee Stock Purchase Plan (Shares)   90,314      
Issuance of common stock under Employee Stock Purchase Plan (Amount) 2,000   2,000    
Stock-based compensation expense (Shares)   82,193      
Stock-based compensation expense (Amount) $ 6,000   6,000    
Stock Repurchased and Retired During Period (Shares) 0        
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2025   114,634,725      
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2025 $ 4,590,000 $ 1,000 1,517,000 3,074,000 (1,000)
Net dividends declared per common share $ 0.22        
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2025 114,630,905 114,630,905      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2025 $ 4,810,000 $ 1,000 1,517,000 3,291,000 1,000
Increase (Decrease) in Stockholders' Equity          
Net income (335,000)     (335,000)  
Other comprehensive income 1,000        
Net cash dividends declared (53,000)     (53,000)  
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   235,422      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) (17,000)   (17,000)    
Stock-based compensation expense (Shares)   1,114,479      
Stock-based compensation expense (Amount) 25,000   25,000    
Replacement equity awards issued in connection with the Merger 29,000   29,000    
Issuance of common stock in connection with Civitas Merger (in shares)   123,715,771      
Issuance of common stock in connection with the Merger 2,409,000 $ 1,000 2,408,000    
Balances, Common Stock, Shares Outstanding, Ending at Mar. 31, 2026   239,696,577      
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2026 $ 6,868,000 $ 2,000 3,962,000 2,903,000 1,000
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2025 114,630,905 114,630,905      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2025 $ 4,810,000 $ 1,000 1,517,000 3,291,000 1,000
Increase (Decrease) in Stockholders' Equity          
Net income 736,000        
Other comprehensive income $ 1,000        
Stock Repurchased and Retired During Period (Shares) 2,643,506        
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2026 237,494,374 237,494,374      
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2026 $ 7,813,000 $ 2,000 3,888,000 3,921,000 2,000
Net dividends declared per common share $ 0.22        
Balances, Common Stock, Shares Outstanding, Beginning at Mar. 31, 2026   239,696,577      
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2026 $ 6,868,000 $ 2,000 3,962,000 2,903,000 1,000
Increase (Decrease) in Stockholders' Equity          
Net income 1,071,000     1,071,000  
Other comprehensive income 1,000       1,000
Net cash dividends declared (53,000)     (53,000)  
Issuance of common stock under Employee Stock Purchase Plan (Shares)   147,743      
Issuance of common stock under Employee Stock Purchase Plan (Amount) 2,000   2,000    
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   216,257      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) (3,000)   (3,000)    
Stock-based compensation expense (Shares)   77,303      
Stock-based compensation expense (Amount) $ 11,000   11,000    
Stock Repurchased and Retired During Period (Shares) 2,643,506 2,643,506      
Stock Repurchased and Retired During Period (Value) $ 84,000   84,000    
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2026 237,494,374 237,494,374      
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2026 $ 7,813,000 $ 2,000 $ 3,888,000 $ 3,921,000 $ 2,000