v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash and cash equivalents $ 402,783 $ 270,166  
Restricted cash 186 29,623  
Other investments 10,483 12,289  
Accounts receivable, net 34,070 33,399  
Prepaid expenses and other current assets 62,810 60,894  
Amounts due from related parties $ 1,720 $ 36,620  
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember  
Total current assets $ 512,052 $ 442,991  
Vessels, net 4,389,868 4,241,292  
Deposits for vessel acquisitions 470,550 444,897  
Other long-term assets 62,804 61,749  
Deferred dry dock and special survey costs, net 264,385 196,194  
Amounts due from related parties 7,142 0  
Intangible assets 3,233 42,311  
Operating lease assets 218,952 243,806  
Total non-current assets 5,416,934 5,230,249  
Total assets 5,928,986 5,673,240  
Current liabilities      
Accounts payable 17,892 17,763  
Accrued expenses 47,463 33,865  
Deferred revenue 61,358 66,209  
Operating lease liabilities, current portion 26,938 25,607  
Amounts due to related parties $ 23,484 $ 0  
Other Liability, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember  
Current portion of finance lease and financial liabilities, net $ 143,592 $ 102,996  
Current portion of long-term debt, net 133,773 163,226  
Fair value of derivatives, current 646 0  
Total current liabilities 455,146 409,666  
Operating lease liabilities, net 188,058 214,995  
Unfavorable lease terms 3,586 15,266  
Long-term finance lease and financial liabilities, net 613,245 945,613  
Long-term debt, net 974,584 917,102  
Senior unsecured bonds, net 294,392 0  
Deferred revenue 49,178 55,534  
Other long-term liabilities 8,436 8,436  
Fair value of derivatives, non-current 1,615 0  
Total non-current liabilities 2,133,094 2,156,946  
Total liabilities 2,588,240 2,566,612  
Commitments and contingencies  
Partners’ capital:      
Common Unitholders (28,665,121 and 29,694,433 common units outstanding as of December 31, 2025 and December 31, 2024, respectively) 3,283,806 3,053,295  
General Partner (622,296 general partnership units outstanding at each of December 31, 2025 and December 31, 2024) 59,201 53,333  
Accumulated Other Comprehensive Loss (2,261) 0  
Total partners’ capital 3,340,746 3,106,628 $ 2,770,452
Total liabilities and partners’ capital $ 5,928,986 $ 5,673,240