v3.26.1
Unaudited Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common shares
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Balance, beginning of period at Dec. 31, 2024   $ 1,015 $ 1,163,609 $ (4,441) $ 1,168,526
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common shares   11 (12)    
Net income (loss) $ 449,053       449,053
Net income (loss) attributable to non-controlling interest (180,765)       (180,765)
Dividends on common shares         0
Repurchases of common shares   (25) (28,508)   (23,354)
Share compensation expense     13,482    
Balance, end of period at Jun. 30, 2025 2,558,591 1,001 1,148,571 (4,441) 1,413,460
Balance, beginning of period at Mar. 31, 2025   1,017 1,160,569 (4,441) 1,242,194
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common shares   0 (1)    
Net income (loss) 267,786       267,786
Net income (loss) attributable to non-controlling interest (80,371)       (80,371)
Dividends on common shares         0
Repurchases of common shares   (16) (18,836)   (16,149)
Share compensation expense     6,839    
Balance, end of period at Jun. 30, 2025 2,558,591 1,001 1,148,571 (4,441) 1,413,460
Balance, beginning of period at Dec. 31, 2025 2,822,099 990 1,134,985 (4,441) 1,690,565
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common shares   14 (14)    
Net income (loss) 471,835       471,835
Net income (loss) attributable to non-controlling interest (194,515)       (194,515)
Dividends on common shares         (205,738)
Repurchases of common shares   (18) (20,982)   (34,281)
Share compensation expense     12,436    
Balance, end of period at Jun. 30, 2026 2,850,836 986 1,126,425 (4,441) 1,727,866
Balance, beginning of period at Mar. 31, 2026   992 1,127,868 (4,441) 1,598,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common shares   1 (1)    
Net income (loss) 254,803       254,803
Net income (loss) attributable to non-controlling interest (111,021)       (111,021)
Dividends on common shares         22
Repurchases of common shares   (7) (8,219)   (13,969)
Share compensation expense     6,777    
Balance, end of period at Jun. 30, 2026 $ 2,850,836 $ 986 $ 1,126,425 $ (4,441) $ 1,727,866