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Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation Plans Our share-based compensation plans at December 31, 2025 are as follows:
Plan NameShares
Authorized
for Grant    		Shares Underlying
Awards
Outstanding		Shares
Available
for Grant
2021 Plan39,074,5108,821,1229,144,162
NexTier Plan—145,631—
Former C&J Energy Plan—406,405—
2014 Plan—1,062,475—
Schedule of Stock Option Activity
Stock option activity for the year ended December 31, 2025 follows:
 Shares Weighted Average
Exercise Price Per Share
Outstanding at beginning of year1,794,005$22.26 
Exercised—$— 
Expired(656,800)$20.01 
Outstanding at end of year1,137,205$23.56 
Exercisable at end of year1,137,205$23.56 
Schedule of Restricted Stock Unit Activity
Restricted stock unit activity for the year ended December 31, 2025 follows:
 Time
Based 		Performance
Based 		Weighted Average
Grant Date Fair
Value Per Share
Non-vested restricted stock units outstanding at beginning of year5,427,657452,514$11.34 
Granted4,448,229—$6.04 
Vested(2,952,115)—$11.41 
Performance based restricted stock units settled (1)
—(39,100)$13.04 
Forfeited(249,933)(3,524)$8.95 
Non-vested restricted stock units outstanding at end of year6,673,838409,890$8.06 
(1)Performance based restricted stock units reached the end of their performance period during 2025, and no shares were issued to settle such performance based restricted stock units.
Additional information as of December 31, 2025 with respect to these non-vested restricted stock units follows (dollars in thousands):
Aggregate intrinsic value$39,593 
Weighted-average remaining vesting period1.79 years
Unrecognized compensation cost$35,764 
Cash-settled restricted stock unit activity for the year ended December 31, 2025 follows:
 Time Based
Non-vested cash settled restricted stock units outstanding at beginning of year13,134
Granted619,417
Vested(4,376)
Forfeited—
Non-vested cash-settled restricted stock units outstanding at end of year628,175
Schedule of Performance Units
Performance Units activity for the year ended December 31, 2025 follows:
Performance Units
Share-Settled
(at target)		Weighted
Average Grant
Date Fair Value
Per Share		Performance
Units
Cash-Settled
(at target)
Non-vested Performance Units outstanding at beginning of year1,869,400$15.62 —
Granted743,800$5.86 743,800
Performance Units settled (1)
(398,500)$25.95 —
Forfeited—$— —
Non-vested Performance Units outstanding at end of year2,214,700$10.49 743,800
(1)Share-settled Performance Units granted in 2022 reached the end of their performance period during 2025, and no shares were issued to settle such Performance Units.
Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Options The grant date fair value calculations for these Performance Units granted during the years ended December 31, 2025, 2024 and 2023 were based on the following weighted-average assumptions set forth below:
 202520242023
Risk-free interest rate (1)
3.7%4.6%3.6%
Expected stock volatility (2)
56.2%56.9%72.1%
Expected dividend yield (3)
5.5%2.9%3.0%
Expected term (in years)333
(1)The risk-free interest rate is based on U.S. Treasury securities for the expected term of the Performance Units.
(2)Expected volatilities are based on the daily closing price of our stock based upon historical experience over a three-year period.
(3)Expected dividend yield is based on the annualized dividend in effect on the measurement date and the stock price on the grant date.
Schedule of Shares that Vested and Did Not Vest
The following table summarizes the Performance Units that, during the years ended December 31, 2025, 2024 and 2023, vested and did not vest as a result of the company’s performance during the applicable performance period:
Years Ended December 31,
202520242023
Vesting multiplier— %87.9 %200 %
Target398,500817,500500,500
Vested at the end of the performance period—718,5811,001,000
Did not vest at the end of the performance period398,50098,919—
Schedule of Compensation Expense Associated with Performance Units The following table presents stock-based compensation expense for the years ended December 31, 2025, 2024 and 2023:
Years Ended December 31,
Share-settled awards202520242023
Restricted stock units$30,978 $37,207 $38,257 
Performance Units – TSR7,141 9,145 8,493 
Performance Units – FCF1,167 — — 
Total share-settled awards39,286 46,352 46,750 
Cash-settled awards
Cash-settled restricted stock units857 19 — 
Cash-settled Performance Units581 563 5,048 
Phantom units— — (975)
Total cash-settled awards1,438 582 4,073 
Stock-based compensation expense$40,724 $46,934 $50,823