v3.26.1
Note 13 - Segment and Geographic Distribution of Operations (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

(In Thousands)

 

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Americas:

                

Vessel revenues

 $53,969  $68,758  $112,495  $123,610 
                 

Vessel operating costs:

                

Crew costs

  17,972   19,652   37,701   37,092 

Repair and maintenance

  5,706   4,830   10,934   9,096 

Insurance

  429   351   891   922 

Fuel, lube and supplies

  3,252   2,215   6,139   4,832 

Other

  5,276   5,965   10,840   16,094 

Total vessel operating costs

  32,635   33,013   66,505   68,036 

General and administrative expense

  4,143   3,785   7,894   7,327 

Depreciation and amortization

  9,806   11,718   21,144   23,110 

Vessel operating profit

  7,385   20,242   16,952   25,137 
                 

Additions to properties and equipment

 $1,268  $353  $2,734  $2,286 
                 

Total assets

 $309,457  $397,790  $309,457  $397,790 

(In Thousands)

 

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Asia Pacific:

                

Vessel revenues

 $47,948  $45,696  $94,512  $93,924 
                 

Vessel operating costs:

                

Crew costs

  17,630   18,518   33,497   38,849 

Repair and maintenance

  3,136   3,365   6,093   5,635 

Insurance

  283   176   537   500 

Fuel, lube and supplies

  3,048   1,789   5,561   3,556 

Other

  2,095   2,317   3,849   4,435 

Total vessel operating costs

  26,192   26,165   49,537   52,975 

General and administrative expense

  2,442   2,050   4,667   4,470 

Depreciation and amortization

  6,207   5,703   11,731   11,021 

Vessel operating profit

  13,107   11,778   28,577   25,458 
                 

Additions to properties and equipment

 $(102) $375  $444  $967 
                 

Total assets

 $167,986  $153,018  $167,986  $153,018 

(In Thousands)

 

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Middle East:

                

Vessel revenues

 $48,483  $40,215  $94,052  $83,517 
                 

Vessel operating costs:

                

Crew costs

  17,314   13,302   32,841   26,582 

Repair and maintenance

  4,514   4,261   8,370   8,361 

Insurance

  852   343   1,615   872 

Fuel, lube and supplies

  3,548   3,250   6,232   5,289 

Other

  4,044   4,661   8,119   9,249 

Total vessel operating costs

  30,272   25,817   57,177   50,353 

General and administrative expense

  2,316   2,847   4,593   5,784 

Depreciation and amortization

  9,711   7,657   19,470   14,923 

Vessel operating profit

  6,184   3,894   12,812   12,457 
                 

Additions to properties and equipment

 $2,596  $329  $6,939  $1,183 
                 

Total assets

 $208,277  $180,769  $208,277  $180,769 

(In Thousands)

 

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Europe Mediterranean:

                

Vessel revenues

 $112,076  $99,280  $199,021  $177,485 
                 

Vessel operating costs:

                

Crew costs

  34,312   29,342   66,011   56,453 

Repair and maintenance

  9,419   5,736   16,985   12,447 

Insurance

  810   417   1,509   1,265 

Fuel, lube and supplies

  5,229   2,153   9,880   5,300 

Other

  5,981   6,187   11,747   10,925 

Total vessel operating costs

  55,751   43,835   106,132   86,390 

General and administrative expense

  3,401   3,385   7,163   7,048 

Depreciation and amortization

  26,075   22,833   50,832   47,442 

Vessel operating profit

  26,849   29,227   34,894   36,605 
                 

Additions to properties and equipment

 $8,454  $584  $13,666  $1,898 
                 

Total assets

 $652,900  $628,740  $652,900  $628,740 

(In Thousands)

 

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

West Africa:

                

Vessel revenues

 $77,255  $82,909  $163,069  $189,021 
                 

Vessel operating costs:

                

Crew costs

  17,997   18,662   34,062   37,613 

Repair and maintenance

  6,178   5,745   11,375   10,352 

Insurance

  565   353   1,047   1,115 

Fuel, lube and supplies

  5,969   5,700   9,688   10,508 

Other

  5,187   8,064   11,410   14,991 

Total vessel operating costs

  35,896   38,524   67,582   74,579 

General and administrative expense

  3,254   2,888   6,225   5,434 

Depreciation and amortization

  13,493   15,480   27,420   31,378 

Vessel operating profit

  24,612   26,017   61,842   77,630 
                 

Additions to properties and equipment

 $1,488  $3,502  $3,225  $16,334 
                 

Total assets

 $388,255  $499,787  $388,255  $499,787 

(In Thousands)

 

Three Months Ended

  

Six Months Ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

World Wide:

                

Revenues:

                

Vessel revenues

 $339,731  $336,858  $663,149  $667,557 

Other operating revenues

  2,556   4,573   5,360   7,318 

Total revenue

  342,287   341,431   668,509   674,875 
                 

Vessel operating costs:

                

Crew costs

  105,225   99,476   204,112   196,589 

Repair and maintenance

  28,953   23,937   53,757   45,891 

Insurance

  2,939   1,640   5,599   4,674 

Fuel, lube and supplies

  21,046   15,107   37,500   29,485 

Other

  22,583   27,194   45,965   55,694 

Total vessel operating costs

  180,746   167,354   346,933   332,333 

Costs of other operating revenues

  1,072   3,108   1,833   4,538 

General and administrative expense

  15,556   14,955   30,542   30,063 

Depreciation and amortization

  65,292   63,391   130,597   127,874 

Operating profit

  79,621   92,623   158,604   180,067 

Corporate expenses

  (20,409)  (17,181)  (40,296)  (32,116)

Gain on asset dispositions, net

  3,316   5,480   3,204   8,018 

Operating income

  62,528   80,922   121,512   155,969 
                 

Segment additions to properties and equipment

 $13,704  $5,143  $27,008  $22,668 

Corporate additions to properties and equipment

  1,219   1,712   2,800   3,551 

Total additions to properties and equipment

 $14,923  $6,855  $29,808  $26,219 
                 

Segment assets

 $1,726,875  $1,860,104  $1,726,875  $1,860,104 

Corporate assets

  639,385   214,268   639,385   214,268 

Total assets

 $2,366,260  $2,074,372  $2,366,260  $2,074,372