v3.26.3
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings
Noncontrolling Interests
Total
Balances at Dec. 31, 2024 $ 3,111 $ 5,909,373 $ 1,109,166 $ 194,883 $ 7,216,533
Balances (in shares) at Dec. 31, 2024 311,165        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes $ 7 (16,305)     (16,298)
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes (in shares) 699        
Repurchases and retirements of common stock $ (3) (5,320) (4,771)   (10,094)
Repurchases and retirements of common stock (in shares) (280)        
Equity-based compensation   15,145     15,145
Distributions to noncontrolling interests       (15,969) (15,969)
Net income and comprehensive income     207,971 11,495 219,466
Balance at Mar. 31, 2025 $ 3,115 5,902,893 1,312,366 190,409 7,408,783
Balance (in shares) at Mar. 31, 2025 311,584        
Balances at Dec. 31, 2024 $ 3,111 5,909,373 1,109,166 194,883 7,216,533
Balances (in shares) at Dec. 31, 2024 311,165        
Increase (Decrease) in Stockholders' Equity          
Net income and comprehensive income         471,649
Balance at Sep. 30, 2025 $ 3,083 5,854,090 1,488,643 171,791 7,517,607
Balance (in shares) at Sep. 30, 2025 308,385        
Balances at Mar. 31, 2025 $ 3,115 5,902,893 1,312,366 190,409 7,408,783
Balances (in shares) at Mar. 31, 2025 311,584        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes $ 5 (10,325)     (10,320)
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes (in shares) 457        
Repurchases and retirements of common stock $ (22) (41,197) (33,653)   (74,872)
Repurchases and retirements of common stock (in shares) (2,172)        
Equity-based compensation   15,855     15,855
Distributions to noncontrolling interests       (21,512) (21,512)
Net income and comprehensive income     156,585 9,988 166,573
Balance at Jun. 30, 2025 $ 3,098 5,867,226 1,435,298 178,885 7,484,507
Balance (in shares) at Jun. 30, 2025 309,869        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes   (131)     (131)
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes (in shares) 17        
Repurchases and retirements of common stock $ (15) (28,506) (22,834)   (51,355)
Repurchases and retirements of common stock (in shares) (1,501)        
Equity-based compensation   15,501     15,501
Distributions to noncontrolling interests       (16,525) (16,525)
Net income and comprehensive income     76,179 9,431 85,610
Balance at Sep. 30, 2025 $ 3,083 5,854,090 1,488,643 171,791 7,517,607
Balance (in shares) at Sep. 30, 2025 308,385        
Balances at Dec. 31, 2025 $ 3,085 5,865,447 1,682,295 164,822 7,715,649
Balances (in shares) at Dec. 31, 2025 308,510        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes $ 13 (34,745)     (34,732)
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes (in shares) 1,315        
Equity-based compensation   11,733     11,733
Distributions to noncontrolling interests       (17,650) (17,650)
Net income and comprehensive income     535,216 12,997 548,213
Balance at Mar. 31, 2026 $ 3,098 5,842,435 2,217,511 160,169 8,223,213
Balance (in shares) at Mar. 31, 2026 309,825        
Balances at Dec. 31, 2025 $ 3,085 5,865,447 1,682,295 164,822 7,715,649
Balances (in shares) at Dec. 31, 2025 308,510        
Increase (Decrease) in Stockholders' Equity          
In-kind Liquidating Distribution To Noncontrolling Interests         (160,583)
Net income and comprehensive income         1,201,770
Balance at Sep. 30, 2026 $ 3,072 5,816,691 2,821,634   8,641,397
Balance (in shares) at Sep. 30, 2026 307,125        
Balances at Mar. 31, 2026 $ 3,098 5,842,435 2,217,511 160,169 8,223,213
Balances (in shares) at Mar. 31, 2026 309,825        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes   (174)     (174)
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes (in shares) 21        
Repurchases and retirements of common stock $ (11) (21,133) (16,746)   (37,890)
Repurchases and retirements of common stock (in shares) (1,107)        
Equity-based compensation   13,266     13,266
Distributions to noncontrolling interests       (7,346) (7,346)
In-kind Liquidating Distribution To Noncontrolling Interests       (160,583) (160,583)
Net income and comprehensive income     278,657 $ 7,760 286,417
Balance at Jun. 30, 2026 $ 3,087 5,834,394 2,479,422   8,316,903
Balance (in shares) at Jun. 30, 2026 308,739        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes $ 1 (100)     (99)
Issuance of common stock upon vesting of equity-based compensation awards, net of shares withheld for income taxes (in shares) 17        
Repurchases and retirements of common stock $ (16) (30,755) (24,928)   (55,699)
Repurchases and retirements of common stock (in shares) (1,631)        
Equity-based compensation   13,152     13,152
Net income and comprehensive income     367,140   367,140
Balance at Sep. 30, 2026 $ 3,072 $ 5,816,691 $ 2,821,634   $ 8,641,397
Balance (in shares) at Sep. 30, 2026 307,125