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Equity-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2026
Equity-Based Compensation |
Schedule of equity-based compensation expense | The Company’s equity-based compensation expense, by type of award, is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
​ | ​ ​ | 2025 | ​ | 2026 | ​ ​ | 2025 | ​ | 2026 | ​
RSU awards | ​ | $ | 10,669 | ​ | ​ | 8,993 | ​ | ​ | 22,138 | ​ | ​ | 17,543 | ​
PSU awards | ​ | ​ | 4,756 | ​ | ​ | 3,878 | ​ | ​ | 8,019 | ​ | ​ | 6,666 | ​
Equity awards issued to directors | ​ | ​ | 430 | ​ | ​ | 395 | ​ | ​ | 843 | ​ | ​ | 790 | ​
Total expense | ​ | $ | 15,855 | ​ | ​ | 13,266 | ​ | ​ | 31,000 | ​ | ​ | 24,999 | ​
​
Summary of RSU award activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​
​ | ​ | ​ | ​ | Average | ​
​ | ​ | Number | ​ | Grant Date | ​
​ | ​ | of Units | ​ | Fair Value | ​
Total awarded and unvested—December 31, 2025 | ​ | 2,336,401 | ​ | $ | 29.67 | ​
Granted | ​ | 1,025,783 | ​ | ​ | 38.83 | ​
Vested | ​ | (1,185,493) | ​ | ​ | 28.40 | ​
Forfeited | ​ | (24,696) | ​ | ​ | 33.24 | ​
Total awarded and unvested—June 30, 2026 | ​ | 2,151,995 | ​ | $ | 34.69 | ​
Schedule of weighted average fair value assumptions used for PSUs granted | ​
​ | ​ | ​ | ​ | ​ | ​
Dividend yield | ​ | ​ | — | % | ​
Volatility | ​ | ​ | 42 | % | ​
Risk-free interest rate | ​ | ​ | 3.56 | % | ​
Weighted average fair value of awards granted | ​ | $ | 43.84 | ​ | ​
Summary of PSU award activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​
​ | ​ | ​ | ​ | Average | ​
​ | ​ | Number | ​ | Grant Date | ​
​ | ​ ​ | of Units | ​ ​ | Fair Value | ​ ​
Total awarded and unvested—December 31, 2025 | ​ | 1,359,347 | ​ | $ | 33.80 | ​
Granted | ​ | 193,146 | ​ | ​ | 40.08 | ​
Vested (1)(2) | ​ | (685,313) | ​ | ​ | 35.15 | ​
Forfeited (1) | ​ | (78,877) | ​ | ​ | 39.90 | ​
Total awarded and unvested—June 30, 2026 | ​ | 788,303 | ​ | $ | 33.56 | ​
(1) | During the six months ended June 30, 2026, the PSUs granted in 2022 and 2023 based on absolute TSR performance criteria achieved vesting at 82% and 75%, respectively, of the target amounts and converted into 0.3 million shares, and the 0.1 million units that did not vest were forfeited.
(2) | During the six months ended June 30, 2026, certain PSUs granted in 2022, 2023 and 2025 based on Net Debt to EBITDAX performance criteria achieved vesting at 194%, 194% and 200%, respectively, of the target amounts and converted into 0.8 million shares.

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of performance share units, including, but not limited to: (a) expected volatility of the entity's shares, (b) expected dividends, (c) risk-free rate(s), and (d) discount for post-vesting restrictions. + References No definition available. + Details
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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the change in restricted stock units (RSUs). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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