v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 141,847 $ 116,922
Short-term investments 235,000 50,000
Voyage receivables, net of allowance for credit losses of $51 and $52 including unbilled receivables of $212,349 and $169,610 242,467 177,887
Other receivables 25,719 13,836
Inventories 5,407 611
Prepaid expenses and other current assets 15,729 7,384
Current portion of derivative asset 317 406
Total Current Assets 666,486 367,046
Vessels and other property, less accumulated depreciation of $459,285 and $506,585 1,987,355 2,077,986
Vessels construction in progress 64,223 57,725
Deferred drydock expenditures, net 98,043 109,257
Operating lease right-of-use assets 6,222 7,220
Pool working capital deposits 27,571 33,051
Goodwill 7,372 0
Long-term derivative asset 0 5
Other assets 14,071 16,352
Total Assets 2,871,343 2,668,642
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 60,388 69,921
Current portion of operating lease liabilities 2,240 3,182
Current installments of long-term debt 28,161 25,788
Total Current Liabilities 90,789 98,891
Long-term operating lease liabilities 5,793 5,954
Long-term debt 573,927 541,291
Other liabilities 6,559 2,229
Total Liabilities 677,068 648,365
Commitments and contingencies
Equity:    
Capital - 100,000,000 no par value shares authorized; 49,504,696 and 49,404,078 shares issued and outstanding 1,501,990 1,507,325
Retained earnings 703,500 523,792
Stockholders Equity Subtotal 2,205,490 2,031,117
Accumulated other comprehensive loss (11,215) (10,840)
Total Equity 2,194,275 2,020,277
Total Liabilities and Equity $ 2,871,343 $ 2,668,642