v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Shipping Revenues:    
Shipping revenues $ 325,476 $ 183,394
Other operating income 1,900  
Operating Expenses:    
Voyage expenses 8,231 5,052
Vessel expenses 61,039 67,028
Charter hire expenses 7,696 9,145
Depreciation and amortization 40,567 39,705
General and administrative 9,311 13,217
Other operating expenses 138 95
Gain on disposal of vessels and other assets, net (88,171) (10,021)
Total operating expenses 38,811 124,221
Income from vessel operations 288,565 59,173
Holding gain on previously held equity interest 3,919  
Operating income 292,484 59,173
Other income 2,618 1,844
Income before interest expense and income taxes 295,102 61,017
Interest expense (8,959) (11,452)
Net income $ 286,143 $ 49,565
Weighted Average Number of Common Shares Outstanding:    
Basic 49,460,962 49,307,449
Diluted 49,714,857 49,528,814
Per Share Amounts:    
Basic net income per share $ 5.78 $ 1
Diluted net income per share $ 5.75 $ 1
Pool revenues    
Shipping Revenues:    
Shipping revenues $ 248,498 $ 137,596
Time charter revenues    
Shipping Revenues:    
Shipping revenues 61,015 35,857
Voyage charter revenues    
Shipping Revenues:    
Shipping revenues $ 15,963 $ 9,941