v3.25.2
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
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