v3.25.1
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Unaudited Interim Condensed Consolidated Statements of Operations    
Revenue, net $ 73,996 $ 106,301
Voyage expenses (31,032) (30,548)
Vessel operating expenses (15,196) (14,920)
Operating expense component (3,039) (2,836)
Vessel lease expense component (2,796) (2,609)
Depreciation (7,653) (6,975)
Amortization of deferred drydock expenditures (923) (756)
General and administrative expenses    
Corporate (4,950) (5,067)
Commercial and chartering (1,237) (1,063)
Interest expense and finance costs (935) (2,526)
Interest income 108 544
Net Income before taxes 6,343 39,545
Income tax (26) (79)
Loss from equity method investments (64) (229)
Net Income 6,253 39,237
Preferred dividends (629) (848)
Net income attributable to common stockholders $ 5,624 $ 38,389
Earnings per share, basic (in dollars per share) $ 0.14 $ 0.93
Earnings per share, diluted (in dollars per share) $ 0.14 $ 0.92
Weighted average number of shares outstanding, basic (in shares) 40,472,079 41,371,887
Weighted average number of shares outstanding, diluted (in shares) 40,620,908 41,916,276