v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Income Taxes  
Schedule of significant components of current and deferred Income tax expense attributable to Income from continuing operations

Three Months Ended

Six Months Ended

 

June 30, 

June 30, 

(U.S. Dollars in thousands)

    

2025

    

2024

    

2025

    

2024

 

Income (loss) before income taxes

$

6,935

$

(12,638)

$

15,095

$

(5,059)

Income tax benefit (expense)

(125)

(213)

(704)

(354)

Effective tax rate

(2)

%

2

%  

(5)

%

7

%

Schedule of income tax expenses

Three Months Ended

 

Six Months Ended

 

June 30, 

June 30, 

(U.S. Dollars in thousands)

    

2025

    

2024

 

    

2025

    

2024

 

    

Income tax benefit (expense) within Norwegian tonnage tax regime

$

(108)

$

(210)

$

(678)

$

(348)

Income tax benefit (expense) within UK

 

(17)

 

(3)

 

(26)

 

(6)

Income tax benefit (expense)

(125)

(213)

(704)

(354)

Effective tax rate

(2)

%  

2

%

(5)

%  

7

%