UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Income Statement [Abstract] | ||||
Time charter and voyage revenues | $ 327,558 | $ 342,155 | $ 631,670 | $ 660,710 |
Time charter and voyage expenses (including $4,023, $0, $7,871 and $0 to related parties) | (31,215) | (40,044) | (61,232) | (81,955) |
Vessel operating expenses (including $12,802, $85,886, $25,532 and $171,130 to related parties) | (97,404) | (88,282) | (192,246) | (176,410) |
General and administrative expenses | (23,422) | (20,584) | (45,394) | (41,328) |
Depreciation and amortization | (80,785) | (72,219) | (159,430) | (142,136) |
Amortization of unfavorable lease terms | 2,912 | 3,171 | 5,792 | 6,307 |
Gain/ (loss) on sale of vessels, net | 5,601 | 7,256 | (329) | 9,133 |
Interest expense and finance cost, net | (33,485) | (30,087) | (66,995) | (59,496) |
Interest income | 3,069 | 3,596 | 6,463 | 6,992 |
Other expense, net | (2,882) | (3,493) | (6,625) | (6,987) |
Net income | 69,947 | 101,469 | 111,674 | 174,830 |
Other comprehensive loss | ||||
Unrealized loss on cash flow hedges | (543) | (2,314) | ||
Total other comprehensive loss | (543) | (2,314) | ||
Total comprehensive income | 69,404 | 101,469 | 109,360 | 174,830 |
Net income | ||||
Common Unitholders | 68,478 | 99,439 | 109,329 | 171,333 |
General Partner | $ 1,469 | $ 2,030 | $ 2,345 | $ 3,497 |
Earnings per unit (see Note 13): | ||||
Earnings per common unit, basic | $ 2.34 | $ 3.3 | $ 3.72 | $ 5.68 |
Earnings per common unit, diluted | $ 2.34 | $ 3.3 | $ 3.72 | $ 5.68 |
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- Definition Amount of amortization of acquired leases acquired as part of a real property acquisition at below market lease rate with a finite life. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate amount of net income allocated to general partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of net income allocated to limited partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per unit of ownership amount after tax of income (loss) available to limited partnership (LP) unit-holder and units that would have been outstanding assuming the issuance of limited partner units for dilutive potential units outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per unit of ownership amount after tax of income (loss) available to outstanding limited partnership (LP) unit-holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after tax and reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness, attributable to parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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