v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenue $ 204,556 $ 183,333 $ 519,646 $ 383,446
Operating expenses        
Cost of LNG, gas and power (exclusive of items below) 40,427 31,173 201,186 71,052
Operating expenses 46,023 46,579 87,961 117,192
Depreciation and amortization 25,518 30,400 47,161 53,310
Selling, general and administrative expenses 21,543 25,300 42,895 46,852
Transition and transaction expenses 27,659 0 31,341 0
Total operating expenses 161,170 133,452 410,544 288,406
Operating Income 43,386 49,881 109,102 95,040
Other income (expense)        
Interest expense (20,683) (12,057) (31,741) (24,203)
Interest expense - related party (3,249) (3,419) (6,507) (6,879)
Earnings from equity method investment 600 592 1,196 1,123
Other income, net 6,285 5,707 12,439 10,664
Income before income taxes 26,339 40,704 84,489 75,745
Provision for income taxes (5,574) (7,427) (11,601) (14,328)
Net income 20,765 33,277 72,888 61,417
Less net income attributable to non-controlling interest 16,036 26,605 56,772 48,421
Net income attributable to shareholders $ 4,729 $ 6,672 $ 16,116 $ 12,996
Net income per common share - basic $ 0.15 $ 0.27 $ 0.58 $ 0.51
Net income per common share - diluted $ 0.15 $ 0.26 $ 0.57 $ 0.5
Weighted average shares outstanding - basic 31,489,508 25,175,057 27,715,777 25,668,374
Weighted average shares outstanding - diluted 32,162,826 25,338,067 28,470,434 25,747,145
Terminal services        
Revenues        
Total revenue $ 148,833 $ 150,987 $ 297,198 $ 307,981
LNG Gas and Power [Member]        
Revenues        
Total revenue $ 55,723 $ 32,346 $ 222,448 $ 75,465