Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Total revenue | $ 329,265 | $ 204,556 | $ 762,704 | $ 519,646 |
| Operating expenses | ||||
| Cost of LNG, gas and power (exclusive of items below) | 135,333 | 40,427 | 378,378 | 201,186 |
| Operating expenses | 56,075 | 46,023 | 109,159 | 87,961 |
| Depreciation and amortization | 32,670 | 25,518 | 63,677 | 47,161 |
| Selling, general and administrative expenses | 24,291 | 21,543 | 48,627 | 42,895 |
| Transition and transaction expenses | 0 | 27,659 | 0 | 31,341 |
| Total operating expenses | 248,369 | 161,170 | 599,841 | 410,544 |
| Operating Income | 80,896 | 43,386 | 162,863 | 109,102 |
| Other income (expense) | ||||
| Interest expense | (24,161) | (20,683) | (48,699) | (31,741) |
| Interest expense - related party | (3,056) | (3,249) | (6,127) | (6,507) |
| Earnings from equity method investment | 642 | 600 | 1,246 | 1,196 |
| Other income, net | 1,692 | 6,285 | 6,168 | 12,439 |
| Income before income taxes | 56,013 | 26,339 | 115,451 | 84,489 |
| Benefit from (provision for) income taxes | 5,939 | (5,574) | (15,399) | (11,601) |
| Net income | 50,074 | 20,765 | 100,052 | 72,888 |
| Less net income attributable to non-controlling interest | 37,997 | 16,036 | 75,655 | 56,772 |
| Net income attributable to shareholders | $ 12,077 | $ 4,729 | $ 24,397 | $ 16,116 |
| Net income per common share - basic | $ 0.38 | $ 0.15 | $ 0.76 | $ 0.58 |
| Net income per common share - diluted | $ 0.37 | $ 0.15 | $ 0.75 | $ 0.57 |
| Weighted average shares outstanding - basic | 31,733,765 | 31,489,508 | 31,904,953 | 27,715,777 |
| Weighted average shares outstanding - diluted | 32,362,952 | 32,162,826 | 32,668,483 | 28,470,434 |
| Terminal services | ||||
| Revenues | ||||
| Total revenue | $ 160,454 | $ 148,833 | $ 318,717 | $ 297,198 |
| LNG Gas and Power | ||||
| Revenues | ||||
| Total revenue | $ 168,811 | $ 55,723 | $ 443,987 | $ 222,448 |
| X | ||||||||||
- Definition Cost of LNG Gas and Power No definition available.
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- Definition Earnings from equity method investment No definition available.
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- Definition Interest expenses - related party No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 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 after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as other. No definition available.
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- References No definition available.
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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 Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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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- References No definition available.
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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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- Details
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