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STOCK BASED COMPENSATION
9 Months Ended
Sep. 30, 2026
STOCK BASED COMPENSATION  
STOCK BASED COMPENSATION

12. STOCK BASED COMPENSATION

The Company recognized stock based compensation expense, inclusive of awards granted to our non-employee directors, net of capitalization, of $8.0 million and $3.1 million during the three months ended September 30, 2026 and 2025, respectively, and $24.4 million and $19.3 million during the nine months ended September 30, 2026 and 2025, respectively, which are included in General and Administrative on the Consolidated Statements of Operations.