v3.26.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Changes in Unvested Restricted Stock A summary of the changes in unvested RSUs is presented below:
Unvested Restricted Stock UnitsWeighted Average Grant Date Fair Value Per Share
(in thousands)
Unvested as of December 31, 2025957 $94.61 
Granted520 $106.90 
Vested(369)$88.23 
Forfeited(44)$101.76 
Unvested as of March 31, 20261,064 $102.54 
Schedule of Valuation Assumptions
The following table presents the assumptions used in the valuation of the PSUs granted during the Current Quarter.
AssumptionTSR, rTSR
Risk-free interest rate3.74 %
Volatility28.50 %
Schedule of the Changes in Unvested Performance Share Units
A summary of the changes in unvested PSUs is presented below:
Unvested Performance Share UnitsWeighted Average Grant Date Fair Value Per Share
(in thousands)
Unvested as of December 31, 2025464 $106.14 
Granted109 $80.45 
Vested(132)$80.53 
Forfeited(34)$125.64 
Unvested as of March 31, 2026407 $105.95 
Restricted stock and stock option compensation
We recognized the following compensation costs, net of actual forfeitures, related to RSUs and PSUs for the periods presented:
Three Months Ended March 31,
20262025
General and administrative expenses$9 $8 
Natural gas and oil properties2 1 
Production expense1 1 
Separation and other termination costs3 — 
Marketing expense— 1 
Other operating expense, net— 2 
Total RSU and PSU compensation$15 $13 
Related income tax benefit$4 $4