Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement:

	As of October 22, 2025		As of September 30, 2025		As of December 31, 2024
	(in thousands)
Revolving credit facility (1)	$	—	$	—	$	68,500
Letters of credit (2)	1,500		1,500		2,000
Available borrowing capacity	1,998,500		1,998,500		1,929,500
Total aggregate revolving lender commitment amount	$	2,000,000	$	2,000,000	$	2,000,000

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(1)    Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $15.8 million and $18.7 million as of September 30, 2025, and December 31, 2024, respectively. These costs are being amortized over the term of the Credit Agreement on a straight-line basis.

(2)    Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.

Schedule of Long-term Debt Instruments

The Company’s Senior Notes, net line items on the accompanying balance sheets as of September 30, 2025, and December 31, 2024, consisted of the following (collectively referred to as “Senior Notes”):

	As of September 30, 2025						As of December 31, 2024
	Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net		Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net
	(in thousands)
6.75% Senior Notes due 2026 (1)	$	419,235	$	642	$	418,593	$	419,235	$	1,168	$	418,067
6.625% Senior Notes due 2027	416,791		1,036		415,755		416,791		1,618		415,173
6.5% Senior Notes due 2028	400,000		2,875		397,125		400,000		3,636		396,364
6.75% Senior Notes due 2029	750,000		8,865		741,135		750,000		10,489		739,511
7.0% Senior Notes due 2032	750,000		9,897		740,103		750,000		10,872		739,128
Total	$	2,736,026	$	23,315	$	2,712,711	$	2,736,026	$	27,783	$	2,708,243

____________________________________________

(1)    As of September 30, 2025, the 6.75% Senior Notes due 2026 (“2026 Senior Notes”) are presented in the current liabilities section of the accompanying balance sheets.