v3.26.1
Interim Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING REVENUES    
Time charter revenues $ 384,096 $ 376,301
Amortization of intangible liabilities-charter agreements 12,672 6,533
Total Operating Revenues 396,768 382,834
OPERATING EXPENSES    
Vessel operating expenses (including $12,989 and $11,466 for each of the periods ended June 30, 2026 and 2025 to related party, respectively) 109,712 100,519
Time charter and voyage expenses (including $4,477 and $3,719 for each of the periods ended June 30, 2026 and 2025 to related party, respectively) 12,088 11,603
Depreciation and amortization 67,661 60,121
General and administrative expenses 16,022 8,674
Gain on sale of vessels 0 (28,343)
Operating Income 191,285 230,260
NON-OPERATING INCOME/(EXPENSES)    
Interest income 11,272 7,871
Interest and other finance expenses (18,779) (20,463)
Other income, net 2,854 3,994
Fair value adjustment on derivative asset and other financial instruments (1,127) (2,831)
Total non-operating expenses (5,780) (11,429)
Income before income taxes 185,505 218,831
Income taxes 0 0
Net Income 185,505 218,831
Earnings allocated to Series B Preferred Shares (4,768) (4,768)
Net Income available to Class A Common Shareholders $ 180,737 $ 214,063
Common Class A [Member]    
Weighted average number of Class A common shares outstanding    
Basic (in Shares) 36,005,151 35,598,601
Diluted (in Shares) 36,652,419 35,685,734
Net Earnings per Class A common share    
Basic (in Dollars per share) $ 5.02 $ 6.01
Diluted (in Dollars per share) $ 4.93 $ 6