v3.26.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenues (Note 4) $ 392,706 $ 339,549 $ 219,196
Expenses:      
Voyage expenses, net (Note 12) 7,733 9,833 11,619
Vessel operating expenses (Note 12) 59,083 50,170 37,928
Vessel operating expenses - related parties (Notes 5, 12) 9,144 8,722 6,165
General and administrative expenses (including $3,708, $2,980 and $2,564 to related parties, for the years ended December 31, 2025, 2024 and 2023, respectively) (Notes 5, 15) 15,598 16,682 13,445
Vessel depreciation and amortization (Note 6) 87,213 76,454 47,559
Impairment of vessels 0 0 11,157
Operating income, net 213,935 177,688 91,323
Other (expense) / income, net:      
Interest expense and finance cost (including $3,174 to related party, for the year ended December 31, 2024) (Note 5, 8) (103,128) (125,760) (84,330)
Other income, net (Note 9) 2,587 3,262 1,254
Total other expense, net (100,541) (122,498) (83,076)
Net income from continuing operations 113,394 55,190 8,247
Net income from discontinued operations (Note 3) 57,365 138,444 38,961
Net income from operations 170,759 193,634 47,208
Net income attributable to General Partner (Note 16) 0 743 680
Deemed dividend to General Partner (Note 16) 0 46,184 0
Net income attributable to unvested shares (Note 16) 0 808 929
Net income attributable to common shareholders (Note 16) $ 170,759 $ 145,899 $ 45,599
Net income from continuing operations per:      
Earnings Per Share, Basic $ 1.92 $ 0.15 $ 0.38
Earnings Per Share, Diluted $ 1.92 $ 0.15 $ 0.38
Weighted Average Number of Shares Outstanding, Basic 58,919,848 56,094,666 21,182,471
Weighted Average Number of Shares Outstanding, Diluted 59,191,879 56,094,666 21,182,471
Net income from discontinued operations per:      
Earnings Per Share, Basic $ 0.97 $ 2.45 $ 1.77
Earnings Per Share, Diluted $ 0.97 $ 2.45 $ 1.77
Weighted Average Number of Shares Outstanding, Basic 58,919,848 56,094,666 21,182,471
Weighted Average Number of Shares Outstanding, Diluted 59,191,879 56,094,666 21,182,471
Net income from operations per:      
Earnings Per Share, Basic $ 2.90 $ 2.60 $ 2.15
Earnings Per Share, Diluted $ 2.88 $ 2.60 $ 2.15
Weighted Average Number of Shares Outstanding, Basic 58,919,848 56,094,666 21,182,471
Weighted Average Number of Shares Outstanding, Diluted 59,191,879 56,094,666 21,182,471
Net income from operations $ 170,759 $ 193,634 $ 47,208
Other comprehensive (loss) / income:      
Unrealized (loss) / income on derivative instruments (Note 9) (1,286) 1,297 3,180
Total comprehensive income $ 169,473 $ 194,931 $ 50,388