Definitive proxy statements

Pay vs Performance Disclosure

v3.25.2
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Average
Summary
Comp Table
Total for
Non-PEO NEOs
 ​ ​ ​ ​ ​ ​ ​ ​
Value of Initial Fixed $100
Investment Based on:(4)
​ ​ ​ ​ ​ ​ ​ ​
Company
Selected
Performance
Measure(5)
​
​
Year(1)
​ ​
Summary
Compensation
Table for
PEO
 ​ ​
CAP to PEO(2)
​ ​
Average
CAP
to Non-PEO
NEOs(3)
​ ​
Total
Shareholder
Return
 ​ ​
Total
Shareholder
Return
Peer Group
 ​ ​
Net Income
(in thousands)
 ​ ​
Adjusted
EBITDA
(in thousands)
 ​
​ 2024 ​ ​ ​ $ 7,413,075 ​ ​ ​ ​ $ 25,838,742 ​ ​ ​ ​ $ 3,333,504 ​ ​ ​ ​ $ 10,541,305 ​ ​ ​ ​ $ 403 ​ ​ ​ ​ $ 217 ​ ​ ​ ​ $ 453,960 ​ ​ ​ ​ $ 610,731 ​ ​
​ 2023 ​ ​ ​ $ 6,108,717 ​ ​ ​ ​ $ 1,447,226 ​ ​ ​ ​ $ 2,574,008 ​ ​ ​ ​ $ 919,568 ​ ​ ​ ​ $ 187 ​ ​ ​ ​ $ 220 ​ ​ ​ ​ $ 405,645 ​ ​ ​ ​ $ 541,442 ​ ​
​ 2022 ​ ​ ​ $ 6,285,419 ​ ​ ​ ​ $ 12,407,635 ​ ​ ​ ​ $ 2,360,296 ​ ​ ​ ​ $ 4,614,097 ​ ​ ​ ​ $ 277 ​ ​ ​ ​ $ 212 ​ ​ ​ ​ $ 446,362 ​ ​ ​ ​ $ 591,814 ​ ​
​ 2021 ​ ​ ​ $ 4,969,831 ​ ​ ​ ​ $ 5,004,081 ​ ​ ​ ​ $ 1,498,091 ​ ​ ​ ​ $ 1,529,156 ​ ​ ​ ​ $ 145 ​ ​ ​ ​ $ 146 ​ ​ ​ ​ $ 269,980 ​ ​ ​ ​ $ 387,980 ​ ​
​ 2020 ​ ​ ​ $ 3,006,666 ​ ​ ​ ​ $ 2,982,168 ​ ​ ​ ​ $ 1,506,222 ​ ​ ​ ​ $ 1,484,318 ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ $ 176,049 ​ ​ ​ ​ $ 239,107 ​ ​
​
(1)
For 2022, 2023, and 2024, our PEO was Tyler Glover and our non-PEO NEOs were Chris Steddum and Micheal Dobbs. For 2021, our PEO was Tyler Glover and our non-PEO NEOs were Robert Packer (who retired effective May 31, 2021), Chris Steddum and Michael Dobbs. For 2020, our PEO was Tyler Glover and our non-PEO NEOs were Robert Packer, Chris Steddum and Michael Dobbs.
​
(2)
Amounts reported in this column are based on total compensation reported for our PEO in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
​
​ ​ ​ ​ ​ ​ ​
2024
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
 ​ ​
2020
 ​
​ ​ ​ ​ Total Compensation as
reported in the Summary
Compensation Table (“SCT”) 		​ ​ ​ $ 7,413,075 ​ ​ ​ ​ $ 6,108,717 ​ ​ ​ ​ $ 6,285,419 ​ ​ ​ ​ $ 4,969,831 ​ ​ ​ ​ $ 3,006,666 ​ ​
​
Subtract
 ​ ​ Pension values reported in
SCT for covered fiscal year 		​ ​ ​ ​ — ​ ​ ​ ​ ​ (40,477) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (37,183) ​ ​ ​ ​ ​ (85,166) ​ ​
​
Subtract
 ​ ​ Fair value of equity awards
granted during covered
fiscal year 		​ ​ ​ ​ (4,756,794) ​ ​ ​ ​ ​ (3,771,255) ​ ​ ​ ​ ​ (3,766,469) ​ ​ ​ ​ ​ (1,500,848) ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Pension value attributable to
covered fiscal year’s service
and any change in pension
value attributable to plan
amendments made in the
covered year 		​ ​ ​ ​ 40,789 ​ ​ ​ ​ ​ 36,158 ​ ​ ​ ​ ​ 72,506 ​ ​ ​ ​ ​ 74,886 ​ ​ ​ ​ ​ 60,668 ​ ​
​
Add
 ​ ​ Fair value at year end of
equity awards granted in
covered fiscal year and that
are unvested at end of such
covered fiscal year — valued
at year-end 		​ ​ ​ ​ 12,541,883 ​ ​ ​ ​ ​ 2,654,572 ​ ​ ​ ​ ​ 8,489,088 ​ ​ ​ ​ ​ 1,497,395 ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Fair value of equity awards
granted in covered fiscal
year that vested during such
covered fiscal year — valued
on date of vesting 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Dividends or other earnings
paid on stock awards in the
covered fiscal year prior to
the vesting date that are not
otherwise included in the
total compensation for the
covered fiscal year 		​ ​ ​ ​ 22,539 ​ ​ ​ ​ ​ 34,912 ​ ​ ​ ​ ​ 23,008 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/(Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
end of covered fiscal year for
awards made in prior fiscal
years that were unvested at
end of current fiscal year 		​ ​ ​ ​ 10,652,751 ​ ​ ​ ​ ​ (3,030,040) ​ ​ ​ ​ ​ 525,773 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/(Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
vesting date for awards
made in prior fiscal years that
vested during covered fiscal
year 		​ ​ ​ ​ (75,501) ​ ​ ​ ​ ​ (545,362) ​ ​ ​ ​ ​ 778,310 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Subtract
 ​ ​ Fair value of awards forfeited
in current fiscal year
determined at end of prior
fiscal year 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Equals
 ​ ​ CAP to PEO ​ ​ ​ $ 25,838,742 ​ ​ ​ ​ $ 1,447,226 ​ ​ ​ ​ $ 12,407,635 ​ ​ ​ ​ $ 5,004,081 ​ ​ ​ ​ $ 2,982,168 ​ ​
​
(3)
Amounts reported in this column are based on the average of the total compensation reported for our non-PEO NEOs in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
​
​ ​ ​ ​ ​ ​ ​
2024
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
 ​ ​
2020
 ​
​ ​ ​ ​ Total Compensation as
reported in the SCT 		​ ​ ​ $ 3,333,504 ​ ​ ​ ​ $ 2,574,008 ​ ​ ​ ​ $ 2,360,296 ​ ​ ​ ​ $ 1,498,091 ​ ​ ​ ​ $ 1,506,222 ​ ​
​
Subtract
 ​ ​ Pension values reported in
SCT for covered fiscal year 		​ ​ ​ ​ (18,187) ​ ​ ​ ​ ​ (29,297) ​ ​ ​ ​ ​ (12,143) ​ ​ ​ ​ ​ (16,731) ​ ​ ​ ​ ​ (43,255) ​ ​
​
Subtract
 ​ ​ Fair value of equity awards
granted during covered
fiscal year 		​ ​ ​ ​ (2,052,024) ​ ​ ​ ​ ​ (1,486,954) ​ ​ ​ ​ ​ (1,255,941) ​ ​ ​ ​ ​ (466,903) ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Pension value attributable to
covered fiscal year’s service
and any change in pension
value attributable to plan
amendments made in the
covered year 		​ ​ ​ ​ 47,483 ​ ​ ​ ​ ​ 42,616 ​ ​ ​ ​ ​ 71,825 ​ ​ ​ ​ ​ 48,870 ​ ​ ​ ​ ​ 21,351 ​ ​
​
Add
 ​ ​ Fair value at year end of
equity awards granted in
covered fiscal year and that
are unvested at end of such
covered fiscal year — valued
at year-end 		​ ​ ​ ​ 5,410,418 ​ ​ ​ ​ ​ 1,046,443 ​ ​ ​ ​ ​ 2,830,787 ​ ​ ​ ​ ​ 465,829 ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Fair value of equity awards
granted in covered fiscal
year that vested during such
covered fiscal year — valued
on date of vesting 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Dividends or other earnings
paid on stock awards in the
covered fiscal year prior to
the vesting date that are not
otherwise included in the
total compensation for the
covered fiscal year 		​ ​ ​ ​ 7,739 ​ ​ ​ ​ ​ 14,512 ​ ​ ​ ​ ​ 10,736 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/ (Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
end of covered fiscal year for
awards made in prior
fiscal years that were
unvested at end of current
fiscal year 		​ ​ ​ ​ 3,839,436 ​ ​ ​ ​ ​ (1,010,650) ​ ​ ​ ​ ​ 245,361 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/ (Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
vesting date for awards
made in prior fiscal years that
vested during covered fiscal
year 		​ ​ ​ ​ (27,064) ​ ​ ​ ​ ​ (231,111) ​ ​ ​ ​ ​ 363,176 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Subtract
 ​ ​ Fair value of awards forfeited
in current fiscal year
determined at end of prior
fiscal year 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Equals
 ​ ​ Average CAP to non-PEO
NEOs 		​ ​ ​ $ 10,541,305 ​ ​ ​ ​ $ 919,568 ​ ​ ​ ​ $ 4,614,097 ​ ​ ​ ​ $ 1,529,156 ​ ​ ​ ​ $ 1,484,318 ​ ​
​
(4)
Total shareholder return represents the cumulative total return from January 11, 2021, (the date of our Corporate Reorganization) through December 31, 2024, 2023, 2022 and 2021, respectively. The peer group used is the XOP index.
​
(5)
In accordance with SEC rules, the Company is required to include in the Pay versus Performance table the “most important” financial
​
performance measure (as determined by the Company) used to link compensation actually paid to our executive officers to company performance for the most recently completed fiscal year. The Company determined Adjusted EBITDA, which is a component of a metric included in our incentive program, meets this requirement and therefore, we have included this performance measure in the Pay versus Performance table. We define Adjusted EBITDA as earnings before interest expense, taxes, depreciation, depletion and amortization, employee share-based compensation, severance costs and conversion costs related to our corporation reorganization. Strong share price performance in 2024 and 2022 has increased the value of previously granted awards in the CAP calculation compared to their initial grant - date fair value as measured in the Summary Compensation Table.
       
Company Selected Measure Name AdjustedEBITDA        
Named Executive Officers, Footnote
(1)
For 2022, 2023, and 2024, our PEO was Tyler Glover and our non-PEO NEOs were Chris Steddum and Micheal Dobbs. For 2021, our PEO was Tyler Glover and our non-PEO NEOs were Robert Packer (who retired effective May 31, 2021), Chris Steddum and Michael Dobbs. For 2020, our PEO was Tyler Glover and our non-PEO NEOs were Robert Packer, Chris Steddum and Michael Dobbs.
       
Peer Group Issuers, Footnote
(4)
Total shareholder return represents the cumulative total return from January 11, 2021, (the date of our Corporate Reorganization) through December 31, 2024, 2023, 2022 and 2021, respectively. The peer group used is the XOP index.
       
PEO Total Compensation Amount $ 7,413,075 $ 6,108,717 $ 6,285,419 $ 4,969,831 $ 3,006,666
PEO Actually Paid Compensation Amount $ 25,838,742 1,447,226 12,407,635 5,004,081 2,982,168
Adjustment To PEO Compensation, Footnote
(2)
Amounts reported in this column are based on total compensation reported for our PEO in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
​
​ ​ ​ ​ ​ ​ ​
2024
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
 ​ ​
2020
 ​
​ ​ ​ ​ Total Compensation as
reported in the Summary
Compensation Table (“SCT”) 		​ ​ ​ $ 7,413,075 ​ ​ ​ ​ $ 6,108,717 ​ ​ ​ ​ $ 6,285,419 ​ ​ ​ ​ $ 4,969,831 ​ ​ ​ ​ $ 3,006,666 ​ ​
​
Subtract
 ​ ​ Pension values reported in
SCT for covered fiscal year 		​ ​ ​ ​ — ​ ​ ​ ​ ​ (40,477) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (37,183) ​ ​ ​ ​ ​ (85,166) ​ ​
​
Subtract
 ​ ​ Fair value of equity awards
granted during covered
fiscal year 		​ ​ ​ ​ (4,756,794) ​ ​ ​ ​ ​ (3,771,255) ​ ​ ​ ​ ​ (3,766,469) ​ ​ ​ ​ ​ (1,500,848) ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Pension value attributable to
covered fiscal year’s service
and any change in pension
value attributable to plan
amendments made in the
covered year 		​ ​ ​ ​ 40,789 ​ ​ ​ ​ ​ 36,158 ​ ​ ​ ​ ​ 72,506 ​ ​ ​ ​ ​ 74,886 ​ ​ ​ ​ ​ 60,668 ​ ​
​
Add
 ​ ​ Fair value at year end of
equity awards granted in
covered fiscal year and that
are unvested at end of such
covered fiscal year — valued
at year-end 		​ ​ ​ ​ 12,541,883 ​ ​ ​ ​ ​ 2,654,572 ​ ​ ​ ​ ​ 8,489,088 ​ ​ ​ ​ ​ 1,497,395 ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Fair value of equity awards
granted in covered fiscal
year that vested during such
covered fiscal year — valued
on date of vesting 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Dividends or other earnings
paid on stock awards in the
covered fiscal year prior to
the vesting date that are not
otherwise included in the
total compensation for the
covered fiscal year 		​ ​ ​ ​ 22,539 ​ ​ ​ ​ ​ 34,912 ​ ​ ​ ​ ​ 23,008 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/(Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
end of covered fiscal year for
awards made in prior fiscal
years that were unvested at
end of current fiscal year 		​ ​ ​ ​ 10,652,751 ​ ​ ​ ​ ​ (3,030,040) ​ ​ ​ ​ ​ 525,773 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/(Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
vesting date for awards
made in prior fiscal years that
vested during covered fiscal
year 		​ ​ ​ ​ (75,501) ​ ​ ​ ​ ​ (545,362) ​ ​ ​ ​ ​ 778,310 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Subtract
 ​ ​ Fair value of awards forfeited
in current fiscal year
determined at end of prior
fiscal year 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Equals
 ​ ​ CAP to PEO ​ ​ ​ $ 25,838,742 ​ ​ ​ ​ $ 1,447,226 ​ ​ ​ ​ $ 12,407,635 ​ ​ ​ ​ $ 5,004,081 ​ ​ ​ ​ $ 2,982,168 ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 3,333,504 2,574,008 2,360,296 1,498,091 1,506,222
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,541,305 919,568 4,614,097 1,529,156 1,484,318
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Amounts reported in this column are based on the average of the total compensation reported for our non-PEO NEOs in the Summary Compensation Table for the indicated fiscal years and adjusted as shown in the table below. Fair value of equity awards was computed in accordance with the Company’s methodology used for financial reporting purposes.
​
​ ​ ​ ​ ​ ​ ​
2024
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
 ​ ​
2020
 ​
​ ​ ​ ​ Total Compensation as
reported in the SCT 		​ ​ ​ $ 3,333,504 ​ ​ ​ ​ $ 2,574,008 ​ ​ ​ ​ $ 2,360,296 ​ ​ ​ ​ $ 1,498,091 ​ ​ ​ ​ $ 1,506,222 ​ ​
​
Subtract
 ​ ​ Pension values reported in
SCT for covered fiscal year 		​ ​ ​ ​ (18,187) ​ ​ ​ ​ ​ (29,297) ​ ​ ​ ​ ​ (12,143) ​ ​ ​ ​ ​ (16,731) ​ ​ ​ ​ ​ (43,255) ​ ​
​
Subtract
 ​ ​ Fair value of equity awards
granted during covered
fiscal year 		​ ​ ​ ​ (2,052,024) ​ ​ ​ ​ ​ (1,486,954) ​ ​ ​ ​ ​ (1,255,941) ​ ​ ​ ​ ​ (466,903) ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Pension value attributable to
covered fiscal year’s service
and any change in pension
value attributable to plan
amendments made in the
covered year 		​ ​ ​ ​ 47,483 ​ ​ ​ ​ ​ 42,616 ​ ​ ​ ​ ​ 71,825 ​ ​ ​ ​ ​ 48,870 ​ ​ ​ ​ ​ 21,351 ​ ​
​
Add
 ​ ​ Fair value at year end of
equity awards granted in
covered fiscal year and that
are unvested at end of such
covered fiscal year — valued
at year-end 		​ ​ ​ ​ 5,410,418 ​ ​ ​ ​ ​ 1,046,443 ​ ​ ​ ​ ​ 2,830,787 ​ ​ ​ ​ ​ 465,829 ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Fair value of equity awards
granted in covered fiscal
year that vested during such
covered fiscal year — valued
on date of vesting 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add
 ​ ​ Dividends or other earnings
paid on stock awards in the
covered fiscal year prior to
the vesting date that are not
otherwise included in the
total compensation for the
covered fiscal year 		​ ​ ​ ​ 7,739 ​ ​ ​ ​ ​ 14,512 ​ ​ ​ ​ ​ 10,736 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/ (Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
end of covered fiscal year for
awards made in prior
fiscal years that were
unvested at end of current
fiscal year 		​ ​ ​ ​ 3,839,436 ​ ​ ​ ​ ​ (1,010,650) ​ ​ ​ ​ ​ 245,361 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Add/ (Subtract)
 ​ ​ Change in fair value from
end of prior fiscal year to
vesting date for awards
made in prior fiscal years that
vested during covered fiscal
year 		​ ​ ​ ​ (27,064) ​ ​ ​ ​ ​ (231,111) ​ ​ ​ ​ ​ 363,176 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Subtract
 ​ ​ Fair value of awards forfeited
in current fiscal year
determined at end of prior
fiscal year 		​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Equals
 ​ ​ Average CAP to non-PEO
NEOs 		​ ​ ​ $ 10,541,305 ​ ​ ​ ​ $ 919,568 ​ ​ ​ ​ $ 4,614,097 ​ ​ ​ ​ $ 1,529,156 ​ ​ ​ ​ $ 1,484,318 ​ ​
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_capvstsr-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_capvsnetincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_capvsadjustedebitda-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_capvstsr-pn.jpg]        
Tabular List, Table
Company’s Most Important Financial Performance Measures
The following are the most important financial performance measures, as determined by the Company, that link compensation actually paid to our PEO and non-PEO NEOs to the Company’s performance for the most recently completed fiscal year.
•
Adjusted EBITDA (used as a component of metric for short-term incentive program through 2024 and is used as a metric for short-term incentive program in 2025)
​
•
Adjusted EBITDA Margin (used for short-term incentive program through 2024)
​
•
Free Cash Flow per Diluted Share (used for short-term incentive program)
​
•
Strategic Objectives including HSE/ESG performance and other operational metrics (used for short-term incentive program)
​
•
TSR against the XOP index (used for PSU awards)
​
•
Cumulative Free Cash Flow per Diluted Share (used for PSU awards)
       
Total Shareholder Return Amount $ 403 187 277 145  
Peer Group Total Shareholder Return Amount 217 220 212 146  
Net Income (Loss) $ 453,960,000 $ 405,645,000 $ 446,362,000 $ 269,980,000 $ 176,049,000
Company Selected Measure Amount 610,731,000 541,442,000 591,814,000 387,980,000 239,107,000
PEO Name Tyler Glover        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA (used as a component of metric for short-term incentive program through 2024 and is used as a metric for short-term incentive program in 2025)        
Non-GAAP Measure Description
(5)
In accordance with SEC rules, the Company is required to include in the Pay versus Performance table the “most important” financial
performance measure (as determined by the Company) used to link compensation actually paid to our executive officers to company performance for the most recently completed fiscal year. The Company determined Adjusted EBITDA, which is a component of a metric included in our incentive program, meets this requirement and therefore, we have included this performance measure in the Pay versus Performance table. We define Adjusted EBITDA as earnings before interest expense, taxes, depreciation, depletion and amortization, employee share-based compensation, severance costs and conversion costs related to our corporation reorganization. Strong share price performance in 2024 and 2022 has increased the value of previously granted awards in the CAP calculation compared to their initial grant - date fair value as measured in the Summary Compensation Table.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA Margin (used for short-term incentive program through 2024)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Free Cash Flow per Diluted Share (used for short-term incentive program)        
Measure:: 4          
Pay vs Performance Disclosure          
Name Strategic Objectives including HSE/ESG performance and other operational metrics (used for short-term incentive program)        
Measure:: 5          
Pay vs Performance Disclosure          
Name TSR against the XOP index (used for PSU awards)        
Measure:: 6          
Pay vs Performance Disclosure          
Name Cumulative Free Cash Flow per Diluted Share (used for PSU awards)        
Equity Awards Adjustments Adjustments For Equity Awards Forfeited in Current Fiscal Year Determined at end of Prior Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (40,477) $ (37,183) $ (85,166)
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 40,789 36,158 72,506 74,886 60,668
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,756,794) (3,771,255) (3,766,469) (1,500,848)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,652,751 (3,030,040) 525,773
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,541,883 2,654,572 8,489,088 1,497,395
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount  
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (75,501) (545,362) 778,310
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 22,539 34,912 23,008
PEO | Equity Awards Adjustments Adjustments For Equity Awards Forfeited in Current Fiscal Year Determined at end of Prior Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount  
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (18,187) (29,297) (12,143) (16,731) (43,255)
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 47,483 42,616 71,825 48,870 21,351
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,052,024) (1,486,954) (1,255,941) (466,903)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,839,436 (1,010,650) 245,361
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,410,418 1,046,443 2,830,787 465,829
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (27,064) (231,111) 363,176
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,739 14,512 10,736
Non-PEO NEO | Equity Awards Adjustments Adjustments For Equity Awards Forfeited in Current Fiscal Year Determined at end of Prior Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount