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Restructuring Costs | 3 Months Ended
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Mar. 31, 2026
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Note 13 - Restructuring Costs During the first quarter of 2026, in connection with the Civitas Merger, the Company announced workforce reductions to better align staffing levels and the organizational structure with the Company’s strategy. During the three months ended March 31, 2026, the Company incurred total restructuring costs of $97 million which are included in general and administrative (“G&A”) expense in the accompanying statements of operations. The restructuring costs represent a component of one-time Civitas Merger integration costs. These one-time termination benefits are primarily related to employee severance and retention and accelerated vesting of stock-based compensation awards. The Company expects to incur an additional $24 million of restructuring costs related to the Civitas Merger and anticipates that substantially all such costs will be incurred and paid during 2026. The following table summarizes restructuring cost activity during the three months ended March 31, 2026, and the Company’s restructuring cost liabilities included in accounts payable and accrued expenses line item in the accompanying balance sheets as of the periods presented:
|  | (in millions)
Balance as of December 31, 2025 |  | $ | — |  |  |  |  |
Restructuring costs incurred (1) |  | 97 |  |  |  |  |
Restructuring costs paid |  | (74) |  |  |  |  |
Balance as of March 31, 2026 |  | $ | 23 |  |  |  |  |
___________________________________________ (1) Restructuring costs incurred does not include $21 million of other G&A integration costs comprised of one-time systems integration, advisory, and legal expenses, and salaries paid to transition employees.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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