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Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Common Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Accumulated Earnings
Non-controlling Interests
Balance (in shares) at Dec. 31, 2024   65,691,151        
Balance at Dec. 31, 2024 $ 3,131,206 $ 657 $ 2,228,311 $ 0 $ 889,989 $ 12,249
Increase (Decrease) in Stockholders' Equity            
Stock-based compensation and related share issuances (in shares)   69,170        
Stock-based compensation and related share issuances 1,412 $ 1 1,411      
Distributions to non-controlling interests (437)         (437)
Net income and comprehensive income 246,052       245,847 205
Dividends declared (59,274)       (59,274)  
Balance (in shares) at Jun. 30, 2025   65,760,321        
Balance at Jun. 30, 2025 3,318,959 $ 658 2,229,722 0 1,076,562 12,017
Balance (in shares) at Mar. 31, 2025   65,735,304        
Balance at Mar. 31, 2025 3,215,146 $ 657 2,228,497 0 973,853 12,139
Increase (Decrease) in Stockholders' Equity            
Stock-based compensation and related share issuances (in shares)   25,017        
Stock-based compensation and related share issuances 1,226 $ 1 1,225      
Distributions to non-controlling interests (247)         (247)
Net income and comprehensive income 132,474       132,349 125
Dividends declared (29,640)       (29,640)  
Balance (in shares) at Jun. 30, 2025   65,760,321        
Balance at Jun. 30, 2025 3,318,959 $ 658 2,229,722 0 1,076,562 12,017
Balance (in shares) at Dec. 31, 2025   84,499,692        
Balance at Dec. 31, 2025 7,205,347 $ 845 5,928,123 993 1,227,169 48,217
Increase (Decrease) in Stockholders' Equity            
Sandstorm converted options exercises (in shares)   284,071        
Sandstorm converted options exercises 22,656 $ 1 22,655      
Stock-based compensation and related share issuances (in shares)   36,469        
Stock-based compensation and related share issuances 1,285   1,285      
Stock repurchase (in shares)   (147,205)        
Stock repurchase (30,003) $ (2) (30,001)      
Distributions to non-controlling interests (3,320)         (3,320)
Net income and comprehensive income 519,266       517,523 1,743
Other comprehensive income (993)     (993)    
Dividends declared $ (80,592)       (80,592)  
Balance (in shares) at Jun. 30, 2026 84,673,027 84,673,027        
Balance at Jun. 30, 2026 $ 7,633,646 $ 844 5,922,062 0 1,664,100 46,640
Balance (in shares) at Mar. 31, 2026   84,787,272        
Balance at Mar. 31, 2026 7,462,264 $ 846 5,946,311 0 1,467,969 47,138
Increase (Decrease) in Stockholders' Equity            
Sandstorm converted options exercises (in shares)   32,825        
Sandstorm converted options exercises 2,482 $ 0 2,482      
Stock-based compensation and related share issuances (in shares)   135        
Stock-based compensation and related share issuances $ 3,270   3,270      
Stock repurchase (in shares) (147,205) (147,205)        
Stock repurchase $ (30,003) $ (2) (30,001)      
Distributions to non-controlling interests (1,664)         (1,664)
Net income and comprehensive income 237,559       236,393 1,166
Dividends declared $ (40,262)       (40,262)  
Balance (in shares) at Jun. 30, 2026 84,673,027 84,673,027        
Balance at Jun. 30, 2026 $ 7,633,646 $ 844 $ 5,922,062 $ 0 $ 1,664,100 $ 46,640