v3.26.3
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) $ 625,476       625,476
Net income (loss) attributable to non-controlling interest (220,990)       (220,990)
Dividends on common shares         0
Repurchases of common shares   (43) (48,922)   (43,376)
Share compensation expense     21,140    
Balance, end of period at Sep. 30, 2025 2,661,993 983 1,135,815 (4,441) 1,529,636
Balance, beginning of period at Jun. 30, 2025   1,001 1,148,571 (4,441) 1,413,460
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common shares   0 0    
Net income (loss) 176,425       176,425
Net income (loss) attributable to non-controlling interest (40,225)       (40,225)
Dividends on common shares         0
Repurchases of common shares   (18) (20,414)   (20,024)
Share compensation expense     7,658    
Balance, end of period at Sep. 30, 2025 2,661,993 983 1,135,815 (4,441) 1,529,636
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) 700,018       700,018
Net income (loss) attributable to non-controlling interest (341,242)       (341,242)
Dividends on common shares         (205,762)
Repurchases of common shares   (19) (22,036)   (36,367)
Share compensation expense     19,183    
Balance, end of period at Sep. 30, 2026 2,935,874 985 1,132,118 (4,441) 1,807,212
Balance, beginning of period at Jun. 30, 2026   986 1,126,425 (4,441) 1,727,866
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common shares   0 0    
Net income (loss) 228,183       228,183
Net income (loss) attributable to non-controlling interest (146,727)       (146,727)
Dividends on common shares         (24)
Repurchases of common shares   (1) (1,054)   (2,086)
Share compensation expense     6,747    
Balance, end of period at Sep. 30, 2026 $ 2,935,874 $ 985 $ 1,132,118 $ (4,441) $ 1,807,212