Earnings (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share (in thousands, except per-share amounts):

	Successor		Predecessor
	Period from March 13, 2025 through December 31, 2025		Period from January 1, 2025 through March 12, 2025		Twelve Months Ended December 31, 2024		Twelve Months Ended December 31, 2023
Numerator:
Net income (loss)	$	(2,832,669)	$	72,216	$	(1,229,495)	$	(447,464)
Denominator:
Weighted-average shares outstanding, basic (1)	37,023		109,525		109,495		109,152
Effect of dilutive stock awards	—		—		—		—
Adjusted weighted-average shares outstanding, diluted	37,023		109,525		109,495		109,152
Earnings (loss) per share:
Basic earnings (loss) per common share	$	(76.51)	$	0.66	$	(11.23)	$	(4.10)
Diluted earnings (loss) per common share	$	(76.51)	$	0.66	$	(11.23)	$	(4.10)

(1) Weighted-average shares outstanding, basic during the Successor Period includes exercisable warrants, as they meet the criteria under ASC 260 to be considered outstanding common shares.