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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | 14. Earnings Per Share Basic EPS is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the applicable period. Diluted EPS is computed by dividing income by the weighted-average number of shares of common stock outstanding, increased by incremental shares that would be outstanding if potentially dilutive non-participating securities were converted to common stock as calculated using the treasury stock method. EPS for the periods were:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |  |
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |  |
Numerator: (Millions of Dollars) |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | 72 |  |  | $ | 458 |  |  | $ | (63) |  |  | $ | 777 |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to noncontrolling interest |  | — |  |  | 4 |  |  | — |  |  | 29 |  |  |  |  |  |
Net Income (Loss) Attributable to Stockholders |  | $ | 72 |  |  | $ | 454 |  |  | $ | (63) |  |  | $ | 748 |  |  |  |  |  |
Denominator: (Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-Average Number of Common Shares Outstanding - Basic |  | 45,554 |  |  | 57,434 |  |  | 45,699 |  |  | 58,119 |  |  |  |  |  |
Warrants |  | — |  |  | 268 |  |  | — |  |  | 234 |  |  |  |  |  |
Restricted stock units |  | 257 |  |  | 332 |  |  | — |  |  | 262 |  |  |  |  |  |
Performance stock units |  | 2,095 |  |  | 1,741 |  |  | — |  |  | 1,654 |  |  |  |  |  |
Weighted-Average Number of Common Shares Outstanding - Diluted |  | 47,905 |  |  | 59,775 |  |  | 45,699 |  |  | 60,269 |  |  |  |  |  |
Earnings per Share - Basic |  | $ | 1.58 |  |  | $ | 7.90 |  |  | $ | (1.38) |  |  | $ | 12.87 |  |  |  |  |  |
Earnings per Share - Diluted |  | 1.50 |  |  | 7.60 |  |  | (1.38) |  |  | 12.41 |  |  |  |  |  |
Diluted EPS for the three months ended June 30, 2025 excludes 83,347 PSUs due to their anti-dilutive nature. As there is a Net Loss Attributable to Stockholders for the six months ended June 30, 2025, the computation of diluted EPS excludes 266,938 RSUs and 2,166,138 PSUs.

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