v3.26.3
Equity (Tables)
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Schedule of Dividends Declared
The table below presents information regarding the quarterly dividends on the Class A common stock, which were made at the sole discretion of the Board of Directors of the Company.

Date DeclaredRecord DatePayment DateDividend per Class A Common Share
May 7, 2025May 19, 2025June 2, 2025$0.41 
August 6, 2025August 18, 2025September 2, 20250.59 
November 4, 2025November 14, 2025December 1, 20250.45 
February 5, 2026February 19, 2026March 5, 20260.61 
Total 2025 Dividend Year (through Q4 2025)$2.06 
May 1, 2026May 11, 2026May 26, 2026$0.59 
August 4, 2026August 14, 2026August 28, 20260.59 
October 29, 2026November 9, 2026November 23, 20260.55 
Total 2026 Dividend Year (through Q3 2026)$1.73 
Schedule of Common Stock Exchanged For the periods ended September 30, 2026 and December 31, 2025, the following Common Units were exchanged for Class A common stock:
Exchange Date
Class A Common Stock Issued
2025 Exchanges(a)
February 24, 20259,786,354
May 21, 202521,000,000
August 19, 20255,153,040
2026 Exchange(a)
May 15, 20266,042,619
August 17, 20266,960,798
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(a)The issuances of shares of Class A common stock to such holders of Common Units were registered pursuant to the Company’s registration statements on Form S-3 filed on November 2, 2023 and September 13, 2024.
Schedule of Supplemental Non-Cash Financing Activities Related to Equity for the Condensed Consolidated Statements of Cash Flows
The supplemental non-cash financing activities related to equity for the Condensed Consolidated Statements of Cash Flows are as follows (in thousands):
Nine Months Ended September 30,
20262025
Distributions to holders of non-controlling interests$4,546 $67,900 
Deferred tax assets179,033 531,753 
Due to affiliates108,514 189,314 
Other liabilities47,000 286,755 
Additional paid-in-capital23,519 55,684 
Contributions from holders of other non-controlling interests85,299 133,896 
Distributions in-kind to holders of other non-controlling interests— 50,550 
Deconsolidation of previously consolidated entities804,839 45,814 
Shares issued in connection with Jackson Transaction113,203 —