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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 196 $ 372
Trade receivables 286 330
Inventory 94 90
Assets held for sale 7 10
Receivable from affiliate 26 46
Other current assets, net 203 176
Total current assets 812 1,024
PROPERTY, PLANT AND EQUIPMENT 6,966 6,738
Accumulated depreciation, depletion and amortization (1,436) (1,058)
Total property, plant and equipment, net 5,530 5,680
INVESTMENT IN UNCONSOLIDATED SUBSIDIARIES 102 86
DEFERRED INCOME TAXES 27 73
OTHER NONCURRENT ASSETS 280 272
TOTAL ASSETS 6,751 7,135
CURRENT LIABILITIES    
Current portion of long-term debt 122 0
Accounts payable 316 369
Accrued liabilities 479 611
Total current liabilities 917 980
NONCURRENT LIABILITIES    
Long-term debt, net 889 1,132
Asset retirement obligations 965 995
Deferred tax liabilities 212 113
Other long-term liabilities 325 377
STOCKHOLDERS' EQUITY    
Preferred stock (20,000,000 shares authorized at $0.01 par value) no shares outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock (200,000,000 shares authorized at $0.01 par value) (105,063,163 and 109,613,585 shares issued; 83,711,931 and 91,100,322 shares outstanding at September 30, 2025 and December 31, 2024) 1 1
Treasury stock (21,351,232 shares held at cost at September 30, 2025 and 18,513,263 shares held at cost at December 31, 2024) (922) (796)
Additional paid-in capital 2,365 2,578
Retained earnings 1,927 1,680
Accumulated other comprehensive income 72 75
Total stockholders' equity 3,443 3,538
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,751 $ 7,135