EQUITY (Notes)

3 Months Ended

Mar. 31, 2025

Class of Stock [Line Items]

Stockholders' Equity Note Disclosure [Text Block]

EQUITY

In February 2023, we entered into an at-the-market equity distribution agreement under which we may issue and sell shares of our common stock with an aggregate offering price up to $300 million. Sales of common stock are made by means of ordinary brokers’ transactions on the NYSE, in block transactions or as otherwise agreed to between us and the sales agent. We are under no obligation to offer and sell common stock under the program. At March 31, 2025, we had $225.5 million of equity available for issuance under the program.

The following table summarizes all of our outstanding forward sale agreements at March 31, 2025:

Maturity	Original Shares	Remaining Shares	Forward Price		Net Proceeds Available
	(Shares)	(Shares)	(Per share)		(Thousands of dollars)
December 31, 2025	1,200,000	223,000	$	74.64	$	16,645
December 31, 2025	180,000	180,000	74.59		13,426
Total forward sale agreements	1,380,000	403,000	$	74.62	$	30,071

Dividends Declared - In May 2025, we declared a dividend of $0.67 per share ($2.68 per share on an annualized basis) for shareholders of record as of May 19, 2025, payable on June 3, 2025.