v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 273,843 $ 312,654
Restricted cash (Note 8) 7,024 0
Trade accounts receivable 8,437 3,689
Prepayments and other assets 7,437 7,194
Due from related party (Note 5) $ 0 $ 1,131
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories $ 3,982 $ 4,427
Claims 1,044 865
Current assets of discontinued operations (Note 3) 124,238 75,583
Total current assets 426,005 405,543
Fixed assets    
Advances for vessels under construction - related party (Notes 5, 6) 54,000 54,000
Vessels, net and vessels under construction (Notes 5, 6) 3,516,778 3,289,660
Total fixed assets 3,570,778 3,343,660
Other non-current assets    
Above market acquired charters (Note 7) 66,597 101,574
Deferred charges, net 3,483 361
Restricted cash (Note 8) 14,023 22,521
Derivative asset (Note 9) 13,682 1,574
Prepayments and other assets 546 4
Non-current assets of discontinued operations (Note 3) 0 237,645
Total non-current assets 3,669,109 3,707,339
Total assets 4,095,114 4,112,882
Current liabilities    
Current portion of long-term debt, net (Note 8) 122,144 117,126
Trade accounts payable 11,129 14,615
Due to related parties (Note 5) $ 5,607 $ 3,542
Accounts Payable, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accrued liabilities (Note 11) $ 37,717 $ 31,160
Deferred revenue 29,413 29,804
Derivative liabilities (Note 9) 0 18,114
Current liabilities of discontinued operations (Note 3) 103,514 29,130
Total current liabilities 309,524 243,491
Long-term liabilities    
Long-term debt, net (Note 8) 2,232,193 2,277,957
Below market acquired charters (Note 7) 53,531 65,923
Deferred revenue 499 634
Non-current liabilities of discontinued operations (Note 3) 0 181,908
Total long-term liabilities 2,286,223 2,526,422
Total liabilities 2,595,747 2,769,913
Commitments and contingencies (Note 17) 0 0
Shareholders' Equity    
Common shares ($0.01 par value, 60,708,914 and 59,938,374 shares issued and 59,487,853 and 58,387,313 shares outstanding as of December 31, 2025 and 2024, respectively) (Note 14) 607 599
Additional paid-in capital 1,263,065 1,240,044
Retained earnings 237,270 102,615
Accumulated other comprehensive loss (Note 9) (1,575) (289)
Total shareholders' equity 1,499,367 1,342,969
Total liabilities and shareholders' equity $ 4,095,114 $ 4,112,882