v3.26.1
Earnings Per Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Three Months EndedSix Months Ended
June 30,June 30,
(in millions)2026202520262025
Net income (loss) available for common stockholders$77.5 $19.5 $96.6 $(1.1)
Less: Distributions to holders of Series A Convertible Perpetual Preferred Stock— 2.2 — 4.4 
Net income (loss) available for common stockholders, basic and diluted$77.5 $17.3 $96.6 $(5.5)
Weighted average shares for basic EPS176.1 167.1 175.8 166.8 
Dilutive potential shares from grants of RSUs and PRSUs1.4 0.9 1.5 — 
Weighted average shares for diluted EPS(a)(b)
177.5 168.0 177.3 166.8 
(a)The potential impact of 0.1 million granted RSUs and PRSUs in each of the three and six months ended June 30, 2026, 1.2 million granted RSUs and PRSUs in the three months ended June 30, 2025, and 1.9 million granted RSUs and PRSUs in the six months ended June 30, 2025, was antidilutive.
(b)The potential impact of 7.8 million shares of our common stock issuable upon conversion of the Series A Convertible Perpetual Preferred Stock (the “Series A Preferred Stock”) in each of the three and six months ended June 30, 2025, were antidilutive. In November 2025, all outstanding shares of the Series A Preferred Stock were converted to shares of our common stock.