v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Accumulated Other Comprehensive Loss [Member]
Retained Earnings [Member]
Beginning Balance (in shares) at Dec. 31, 2024   80,039    
Shares issued   1,331    
Ending Balance (in shares) at Sep. 30, 2025   81,370    
Beginning Balance at Dec. 31, 2024   $ 1,720 $ 0 $ 871
Equity compensation expense   8    
Issuance of common stock, net of issuance costs   45    
Payment of minimum tax withholdings for share-based payment awards   (2)    
Other comprehensive loss     0  
Net income $ 122     122
Dividends on common stock       (119)
Ending Balance at Sep. 30, 2025 $ 2,645 $ 1,771 0 874
Dividends declared per common share $ 1.47      
Beginning Balance (in shares) at Jun. 30, 2025   81,109    
Shares issued   261    
Ending Balance (in shares) at Sep. 30, 2025   81,370    
Beginning Balance at Jun. 30, 2025   $ 1,760 0 885
Equity compensation expense   1    
Issuance of common stock, net of issuance costs   10    
Payment of minimum tax withholdings for share-based payment awards   0    
Other comprehensive loss     0  
Net income $ 29     29
Dividends on common stock       (40)
Ending Balance at Sep. 30, 2025 $ 2,645 $ 1,771 0 874
Dividends declared per common share $ 0.49      
Beginning Balance (in shares) at Dec. 31, 2025 82,193 82,193    
Shares issued   1,563    
Ending Balance (in shares) at Sep. 30, 2026 83,756 83,756    
Beginning Balance at Dec. 31, 2025 $ 2,709 $ 1,805 (1) 905
Equity compensation expense   12    
Issuance of common stock, net of issuance costs   58    
Payment of minimum tax withholdings for share-based payment awards   (1)    
Other comprehensive loss     0  
Net income 176     176
Dividends on common stock       (124)
Ending Balance at Sep. 30, 2026 $ 2,830 $ 1,874 (1) 957
Dividends declared per common share $ 1.478      
Beginning Balance (in shares) at Jun. 30, 2026   83,752    
Shares issued   4    
Ending Balance (in shares) at Sep. 30, 2026 83,756 83,756    
Beginning Balance at Jun. 30, 2026   $ 1,871 (1) 951
Equity compensation expense   3    
Issuance of common stock, net of issuance costs   0    
Payment of minimum tax withholdings for share-based payment awards   0    
Other comprehensive loss     0  
Net income $ 49     49
Dividends on common stock       (43)
Ending Balance at Sep. 30, 2026 $ 2,830 $ 1,874 $ (1) $ 957
Dividends declared per common share $ 0.493