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Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table details the weighted-average number of anti-dilutive securities for the periods presented:

									For the Three Months Ended March 31,
															2026						2025
															(in millions)
Anti-dilutive (1)															1						—

____________________________________________

(1)    Amount includes Civitas equity awards converted to RSUs of the Company that were outstanding during a portion of the three months ended March 31, 2026.

Schedule of calculations of basic and diluted net income (loss) per common share

The following table sets forth the calculations of basic and diluted net income (loss) per common share:

									For the Three Months Ended March 31,
															2026						2025
															(in millions, except per share data)
Net income (loss)															$	(335)					$	182
Basic weighted-average common shares outstanding (1)															199						115
Dilutive effect of non-vested RSUs, contingent PSUs, and other															—						—
Diluted weighted-average common shares outstanding															199						115
Basic net income (loss) per common share															$	(1.68)					$	1.59
Diluted net income (loss) per common share															$	(1.68)					$	1.59

____________________________________________

(1)    Amount includes shares issued in connection with the Civitas Merger that were outstanding during a portion of the three months ended March 31, 2026.

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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