v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Consolidated Statements of Operations      
Revenue, net $ 310,197 $ 405,784 $ 395,978
Voyage expenses (114,361) (132,612) (131,904)
Vessel operating expenses (66,159) (60,254) (59,770)
Operating expense component (9,382) (11,828) (10,194)
Vessel lease expense component (8,632) (10,883) (9,380)
Depreciation (33,849) (30,244) (27,817)
Amortization of deferred drydock expenditures (5,558) (3,636) (3,542)
General and administrative expenses      
Corporate (20,361) (23,439) (20,565)
Commercial and chartering (4,712) (4,601) (4,676)
Gain on vessels sold   12,322  
Unrealized gains / (losses) on derivatives 6 655 (262)
Interest expense and finance costs (6,112) (6,778) (11,408)
Loss on extinguishment of debt (469)    
Gain on extinguishment of finance leases   1,432  
Interest income 955 1,817 1,818
Income before taxes and equity method investments 41,563 137,735 118,278
Income tax (241) (215) (435)
Loss from equity method investments (308) (4,514) (1,035)
Net Income 41,014 133,006 116,808
Preferred dividends (2,724) (3,660) (3,400)
Extinguishment of Preferred Stock (2,218) (739)  
Net Income attributable to common stockholders $ 36,072 $ 128,607 $ 113,408
Net income per share, basic (in dollars per share) $ 0.89 $ 3.09 $ 2.76
Net income per share, diluted (in dollars per share) $ 0.88 $ 3.06 $ 2.71
Weighted average number of shares outstanding, basic (in shares) 40,624,604 41,655,701 41,130,089
Weighted average number of shares outstanding, diluted (in shares) 40,812,019 42,041,821 41,821,637