v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) (in millions, except share data and dividends per share) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss)
Net dividends declared per common share $ 0.20        
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2024   114,461,934      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2024 $ 4,237 $ 1 $ 1,502 $ 2,735 $ (1)
Increase (Decrease) in Stockholders' Equity          
Net income 182     182  
Net cash dividends declared (23)     (23)  
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   284      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) 0        
Stock-based compensation expense (Amount) 7   7    
Balances, Common Stock, Shares Outstanding, Ending at Mar. 31, 2025   114,462,218      
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2025 4,404 $ 1 1,509 2,895 (1)
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2024   114,461,934      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2024 4,237 $ 1 1,502 2,735 (1)
Increase (Decrease) in Stockholders' Equity          
Net income 539        
Other comprehensive income (loss) $ 0        
Stock Repurchased and Retired During Period (Shares) 444,705        
Balances, Common Stock, Shares Outstanding, Ending at Sep. 30, 2025   114,554,192      
Balances, Total Stockholders' Equity, Ending at Sep. 30, 2025 $ 4,713 $ 1 1,508 3,205 (1)
Net dividends declared per common share $ 0.20        
Balances, Common Stock, Shares Outstanding, Beginning at Mar. 31, 2025   114,462,218      
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2025 $ 4,404 $ 1 1,509 2,895 (1)
Increase (Decrease) in Stockholders' Equity          
Net income 202     202  
Net cash dividends declared (23)     (23)  
Issuance of common stock under Employee Stock Purchase Plan (Shares)   90,314      
Issuance of common stock under Employee Stock Purchase Plan (Amount) 2   2    
Stock-based compensation expense (Shares)   82,193      
Stock-based compensation expense (Amount) 6   6    
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2025   114,634,725      
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2025 $ 4,590 $ 1 1,517 3,074 (1)
Net dividends declared per common share $ 0.20        
Increase (Decrease) in Stockholders' Equity          
Net income $ 155     155  
Other comprehensive income (loss) 0        
Net cash dividends declared (23)     (23)  
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   364,172      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) (5) $ 0 (5)    
Stock-based compensation expense (Amount) $ 8   8    
Stock Repurchased and Retired During Period (Shares) 444,705 444,705      
Stock Repurchased and Retired During Period (Value) $ 12 $ 0 12    
Balances, Common Stock, Shares Outstanding, Ending at Sep. 30, 2025   114,554,192      
Balances, Total Stockholders' Equity, Ending at Sep. 30, 2025 $ 4,713 $ 1 1,508 3,205 (1)
Net dividends declared per common share $ 0.22        
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2025 114,630,905 114,630,905      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2025 $ 4,810 $ 1 1,517 3,291 1
Increase (Decrease) in Stockholders' Equity          
Net income (335)     (335)  
Net cash dividends declared (53)     (53)  
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   235,422      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) (17)   (17)    
Stock-based compensation expense (Shares)   1,114,479      
Stock-based compensation expense (Amount) 25   25    
Replacement equity awards issued in connection with the Merger 29   29    
Issuance of common stock in connection with Civitas Merger (in shares)   123,715,771      
Issuance of common stock in connection with the Merger 2,409 $ 1 2,408    
Balances, Common Stock, Shares Outstanding, Ending at Mar. 31, 2026   239,696,577      
Balances, Total Stockholders' Equity, Ending at Mar. 31, 2026 $ 6,868 $ 2 3,962 2,903 1
Balances, Common Stock, Shares Outstanding, Beginning at Dec. 31, 2025 114,630,905 114,630,905      
Balances, Total Stockholders' Equity, Beginning at Dec. 31, 2025 $ 4,810 $ 1 1,517 3,291 1
Increase (Decrease) in Stockholders' Equity          
Net income 829        
Other comprehensive income (loss) $ 0        
Stock Repurchased and Retired During Period (Shares) 4,946,833        
Balances, Common Stock, Shares Outstanding, Ending at Sep. 30, 2026 235,615,045 235,615,045      
Balances, Total Stockholders' Equity, Ending at Sep. 30, 2026 $ 7,777 $ 2 3,813 3,961 1
Net dividends declared per common share $ 0.22        
Balances, Common Stock, Shares Outstanding, Beginning at Mar. 31, 2026   239,696,577      
Balances, Total Stockholders' Equity, Beginning at Mar. 31, 2026 $ 6,868 $ 2 3,962 2,903 1
Increase (Decrease) in Stockholders' Equity          
Net income 1,071     1,071  
Other comprehensive income (loss) 1       1
Net cash dividends declared (53)     (53)  
Issuance of common stock under Employee Stock Purchase Plan (Shares)   147,743      
Issuance of common stock under Employee Stock Purchase Plan (Amount) 2   2    
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   216,257      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) (3)   (3)    
Stock-based compensation expense (Shares)   77,303      
Stock-based compensation expense (Amount) 11   11    
Stock Repurchased and Retired During Period (Shares)   2,643,506      
Stock Repurchased and Retired During Period (Value) 84   84    
Balances, Common Stock, Shares Outstanding, Ending at Jun. 30, 2026   237,494,374      
Balances, Total Stockholders' Equity, Ending at Jun. 30, 2026 $ 7,813 $ 2 3,888 3,921 2
Net dividends declared per common share $ 0.22        
Increase (Decrease) in Stockholders' Equity          
Net income $ 93     93  
Other comprehensive income (loss) (1)       (1)
Net cash dividends declared (53)     (53)  
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Shares)   423,998      
Issuance of common stock upon vesting of RSUs and settlement of PSUs, net of shares used for tax withholdings (Amount) (6)   (6)    
Stock-based compensation expense (Shares)   0      
Stock-based compensation expense (Amount) $ 14   14    
Stock Repurchased and Retired During Period (Shares) 2,303,327 2,303,327      
Stock Repurchased and Retired During Period (Value) $ 83   83    
Balances, Common Stock, Shares Outstanding, Ending at Sep. 30, 2026 235,615,045 235,615,045      
Balances, Total Stockholders' Equity, Ending at Sep. 30, 2026 $ 7,777 $ 2 $ 3,813 $ 3,961 $ 1