CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||
| OPERATING REVENUES | $ 274,370 | $ 262,154 | $ 528,068 | $ 515,461 |
| OPERATING EXPENSES | ||||
| Voyage expenses | (17,828) | (16,810) | (28,549) | (34,945) |
| Vessel operating expenses | (56,688) | (56,385) | (106,672) | (108,087) |
| Depreciation | (41,777) | (40,698) | (82,639) | (80,726) |
| Amortization of deferred drydocking and special survey costs | (10,485) | (11,515) | (22,782) | (22,485) |
| General and administrative expenses | (14,865) | (11,206) | (29,502) | (23,428) |
| Operating income | 132,727 | 125,540 | 257,924 | 245,790 |
| OTHER INCOME/(EXPENSES): | ||||
| Interest income | 7,401 | 3,661 | 14,958 | 7,266 |
| Interest expense and finance costs | (8,127) | (9,711) | (19,986) | (19,714) |
| Gain on investments | 20,897 | 14,734 | 44,357 | 17,217 |
| Dividend income | 3,128 | 313 | 5,443 | 679 |
| Loss on debt extinguishment | (1,405) | 0 | (6,027) | 0 |
| Loss on equity investments | (534) | (333) | (811) | (565) |
| Other finance expenses | (947) | (973) | (1,815) | (1,960) |
| Other (expenses)/income, net | (422) | (1,424) | (11) | (866) |
| Realized loss on derivatives | (903) | (903) | (1,796) | (1,796) |
| Total Other Income/(Expenses), net | 19,088 | 5,364 | 34,312 | 261 |
| Income before income taxes | 151,815 | 130,904 | 292,236 | 246,051 |
| Net Income | $ 151,815 | $ 130,904 | $ 292,236 | $ 246,051 |
| EARNINGS PER SHARE | ||||
| Basic earnings per share of common stock (in $ per share) | $ 8.34 | $ 7.14 | $ 16.05 | $ 13.27 |
| Diluted earnings per share of common stock (in $ per share) | $ 8.32 | $ 7.12 | $ 16.02 | $ 13.24 |
| Basic weighted average number of common shares (in shares) | 18,204 | 18,344 | 18,207 | 18,546 |
| Diluted weighted average number of common shares (in shares) | 18,256 | 18,396 | 18,245 | 18,588 |
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- Definition Amount of interest expense and amortization of deferred financing costs. No definition available.
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- Definition Represents the amount associated with interest expense from executives' retirement plan, various bank charges, and commitment fees not deferred and expensed under the revolving facility. No definition available.
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- Definition Represents the expenditure incurred during the period for crew wages and related costs, the cost of insurance, expenses for repairs and maintenance, the cost of spares and consumable stores and other miscellaneous operating expenses. No definition available.
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- Definition Represents the expenditure incurred during the period for port and canal charges, fuel expenses and commissions and brokerage. No definition available.
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- Definition The amount of amortization of deferred charges applied against earnings during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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