Financial Instruments (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Financial Instruments |
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| Schedule of estimated fair values of the Company's financial instruments |
| | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | As of December 31, 2025 | | | Balance Sheet Location | | Book Value | | Fair Value | | Book Value | | Fair Value | | | | | | (in ‘000s of US$) | ASSETS | | | | | | | | | | | | | | | Cash and cash equivalents | | Cash and cash equivalents | | $ | 1,008,268 | | $ | 1,008,268 | | $ | 1,037,292 | | $ | 1,037,292 | Marketable securities | | Investments, Current | | $ | 223,176 | | $ | 223,176 | | $ | 120,244 | | $ | 120,244 | LIABILITIES | | | | | | | | | | | | | | | Secured long-term debt, including current portion (1) | | Current portion of long-term debt, net & Long-term debt, net | | $ | 732,725 | | $ | 732,725 | | $ | 415,016 | | $ | 415,016 | Unsecured long-term debt (1) | | Current portion of long-term debt, net & Long-term debt, net | | $ | 500,000 | | $ | 518,125 | | $ | 762,766 | | $ | 782,269 |
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| Schedule of estimated fair value of the financial instruments that are measured at fair value on a recurring basis, categorized based upon the fair value hierarchy |
| | | | | | | | | | | | | | | | | | | Fair Value Measurements as of June 30, 2026 | | | Balance Sheet Location | | Total | | (Level I) | | (Level II) | | (Level III) | | | | | | (in ‘000s of US$) | ASSETS | | | | | | | | | | | | | | | Marketable securities | | Investments, Current | | $ | 223,176 | | $ | 223,176 | | $ | — | | $ | — |
| | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2025 | | | Balance Sheet Location | | Total | | (Level I) | | (Level II) | | (Level III) | | | | | | (in ‘000s of US$) | ASSETS | | | | | | | | | | | | | | | Marketable securities | | Investments, Current | | $ | 120,244 | | $ | 120,244 | | $ | — | | $ | — |
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| Schedule of estimated fair value of the financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy |
| | | | | | | | | | | | | | | | | | | Fair Value Measurements as of June 30, 2026 | | | Balance Sheet Location | | Total | | (Level I) | | (Level II) | | (Level III) | | | | | | | (in ‘000s of US$) | ASSETS | | | | | | | | | | | | | | | Cash and cash equivalents | | Cash and cash equivalents | | $ | 1,008,268 | | $ | 1,008,268 | | $ | — | | $ | — | LIABILITIES | | | | | | | | | | | | | | | Secured long-term debt, including current portion (1) | | Current portion of long-term debt, net & Long-term debt, net | | $ | 732,725 | | $ | — | | $ | 732,725 | | $ | — | Unsecured long-term debt (1) | | Long-term debt, net | | $ | 518,125 | | $ | 518,125 | | $ | — | | $ | — |
| | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2025 | | | Balance Sheet Location | | Total | | (Level I) | | (Level II) | | (Level III) | | | | | | (in ‘000s of US$) | ASSETS | | | | | | | | | | | | | | | Cash and cash equivalents | | Cash and cash equivalents | | $ | 1,037,292 | | $ | 1,037,292 | | $ | — | | $ | — | LIABILITIES | | | | | | | | | | | | | | | Secured long-term debt, including current portion (1) | | Current portion of long-term debt, net & Long-term debt, net | | $ | 415,016 | | $ | — | | $ | 415,016 | | $ | — | Unsecured long-term debt (1) | | Current portion of long-term debt, net & Long-term debt, net | | $ | 782,269 | | $ | 782,269 | | $ | — | | $ | — |
| (1) | Secured and unsecured long-term debt, including current portion is presented gross of deferred finance costs and debt discount of $22.0 million and $22.7 million (current and non current portions) as of June 30, 2026 and December 31, 2025, respectively. The fair value of the Company’s secured debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities. |
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